MUMBAI, India, April 1 -- Reserve Bank of India issued the following notification: RBI/2026-27/03 A.P. (DIR Series) Circular No. 02 April 01, 2026 All Authorised Dealer Category I Banks Madam / Sir, Overseas Investment - Submission of References to the Reserve Bank As you are aware, references pertaining to Overseas Investment received from Persons Resident in India through AD banks are currently processed centrally at Foreign Exchange Department, Central Office of the Reserve Bank. It ha...
MUMBAI, India, April 1 -- Reserve Bank of India issued the following notification: RBI/2026-27/02 A.P. (DIR Series) Circular No. 01 April 01, 2026 All Authorised Persons Madam / Sir, Reporting under Foreign Exchange Management Act, 1999 - Returns pertaining to Foreign Exchange Management (Guarantees) Regulations, 2026 Attention of Authorised Persons is invited to Foreign Exchange Management (Guarantees) Regulations, 2026 [FEMA 8 (R)] and Master Direction - Reporting under Foreign Exchang...
MUMBAI, India, April 1 -- Reserve Bank of India issued the following notification: RBI/2026-27/01 DOR.AML.REC.1/14.06.001/2026-27 April 01, 2026 The Chairpersons/ CEOs of the Commercial Banks, Small Finance Banks, Payment Banks, Urban Co-operative Banks, Rural Co-operative Banks, Regional Rural Banks, Local Area Banks, Non-Banking Financial Companies, Asset Reconstruction Companies, All India Financial Institutions Madam/Dear Sir, Implementation of Section 51A of UAPA, 1967: Updates...
MUMBAI, India, April 1 -- Reserve Bank of India issued the following notification: RBI/2026-27/04 A.P. (DIR Series) Circular No. 03 April 01, 2026 To, All Authorised Dealers Madam/Sir, Risk Management and Inter-Bank Dealings Attention of Authorised Dealers is invited to the A.P. (DIR Series) Circular No. 24 dated March 27, 2026 and the Master Direction - Risk Management and Inter-Bank Dealings dated July 05, 2016, as amended from time to time. 2. On a review of evolving market condition...
MUMBAI, India, April 1 -- Reserve Bank of India issued the following press release: The Reserve Bank of India (RBI) had announced the withdrawal of ₹2000 denomination banknotes from circulation vide Press Release 2023-2024/257 dated May 19, 2023. The status of withdrawal of ₹2000 banknotes is periodically published by the RBI. The last press release in this regard was published on March 02, 2026. 2. The facility for deposit and / or exchange of the ₹2000 banknotes was availab...
MUMBAI, India, April 1 -- Reserve Bank of India issued the following press release: (Amount in ₹ crore, Rate in Per cent) MONEY MARKETS@ -- > Money Markets@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 5,89,391.97 6.30 0.01-8.25 I. Call Money 7,400.56 6.90 4.60-7.10 II. Triparty Repo 4,03,225.20 6.16 4.25-6.99 III. Market Repo 1,70,597.11 6.57 0.01-8.00 IV. Repo in Corporate Bond 8,169.10 7.12 7.00-8.25 B. Term Segment I. Notice Money** 95.50 6.46 5...
MUMBAI, India, April 1 -- Reserve Bank of India issued the following press release: The Reserve Bank of India issued Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 to The Bhavani Sahakari Bank Ltd., Mumbai vide Directive No. CO.DOS.SED.No.S2770/12-22-023/2025-2026 dated July 03, 2025 for a period of six months up to close of business on January 04, 2026, which was last extended up to close of business on April 04, 2026, vide Directive No. DOR.MON/D-46/12-2...
MUMBAI, India, April 1 -- Reserve Bank of India issued the following press release: Analysis of the performance under the Citizen's Charter during the month of March 2026 has been carried out, and the summary thereof is given below - Description No. of Applications A Applications pending at the beginning of the month 3,195 B Applications received during the month 22,243 C Referred back to applicants for additional information 527 Total (A+B-C) 24,911 D Applications processed during the month ...
MUMBAI, India, April 1 -- Reserve Bank of India issued the following press release: The Reserve Bank of India (RBI) has, by an order dated March 27, 2026, imposed a monetary penalty of ₹10.30 lakh (Rupees Ten Lakh Thirty Thousand only) on Exclusive Capital Limited (the company) for non-compliance with certain directions issued by RBI on 'Leverage Ratio', 'Filing of Supervisory returns' and 'Submission of the balance sheet'. This penalty has been imposed in exercise of powers conferred on ...
MUMBAI, India, April 1 -- Reserve Bank of India issued the following press release: The Reserve Bank of India issued Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 to Innovative Co-operative Urban Bank Limited, Delhi vide Directive No. DEL.DOS.EXG_SSM.No.S143/12-10-005/2025-2026 dated July 03, 2025 for a period of six months up to close of business on January 04, 2026, which was extended up to close of business on April 04, 2026 vide Directive No. DOR.MON....