MUMBAI, India, May 29 -- Reserve Bank of India issued the following press release: On a review of current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Repo (VRR) auction on Friday, May 29, 2026, as under: Sl. No. Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal 1 1,00,000 3 10:00 AM to 10:30 AM June 01, 2026 (Monday) 2. The operational guidelines for the auction will be same as given in Reserve Bank's Press Release 2021-2022/1...
MUMBAI, India, May 29 -- Reserve Bank of India issued the following press release: Today, the Reserve Bank of India released its Annual Report for 2025-26, a statutory report of its Central Board of Directors. The Report covers the working and functions of the Reserve Bank of India for the period April 2025 - March 2026. (Brij Raj) Chief General Manager Press Release: 2026-2027/343 Disclaimer: Curated by HT Syndication....
MUMBAI, India, May 29 -- Reserve Bank of India issued the following press release: Tenor 3-day Notified Amount (in ₹ crore) 1,00,000 Total amount of bids received (in ₹ crore) 94,596 Amount allotted (in ₹ crore) 94,596 Cut off Rate (%) 5.26 Weighted Average Rate (%) 5.26 Partial Allotment Percentage of bids received at cut off rate (%) NA Ajit Prasad Deputy General Manager (Communications) Press Release: 2026-2027/342 Disclaimer: Curated by HT Syndication....
MUMBAI, India, May 29 -- Reserve Bank of India issued the following press release: In terms of GOI notification F.No.4(5)-B(W&M)/2021 dated May 12, 2021 (SGB 2021-22 Series-II-Issue date June 01, 2021) on Sovereign Gold Bond Scheme, premature redemption of Gold Bond may be permitted after fifth year from the date of issue of such Gold Bond on the date on which interest is payable. Accordingly, the due date of premature redemption of the above tranche shall be on June 01, 2026. 2. Further, the ...
MUMBAI, India, May 29 -- Reserve Bank of India issued the following press release: The names of the following four Co-operative Banks have been included in the Second Schedule to the Reserve Bank of India Act, 1934 vide Notification CO.DOR.RAUG.No.S809/08-09-015/2026-2027 dated May 08, 2026 and published in the Gazette of India (Part III - Section 4) dated May 20, 2026. SI. No. Name of the Bank 1 Contai Co-operative Bank Ltd., Contai 2 Prime Co-operative Bank Ltd., Surat 3 Shri Veershaiv Co-op...
MUMBAI, India, May 29 -- Reserve Bank of India issued the following press release: The Reserve Bank of India (RBI) has, by an order dated May 25, 2026, imposed a monetary penalty of ₹3.10 lakh (Rupees Three Lakh Ten Thousand only) on CreditAccess Grameen Limited (the company) for non-compliance with certain provisions of the 'Reserve Bank of India (Know Your Customer (KYC)) Directions' issued by RBI. This penalty has been imposed in exercise of powers conferred on RBI under section 58G(1)...
MUMBAI, India, May 29 -- Reserve Bank of India issued the following press release: The values of exports and imports of services during April 2026 are presented in the following table. International Trade in Services (US$ million) Month Receipts (Exports) Payments (Imports) January - 2026 38,165 (9.8) 16,631 (-0.5) February - 2026 34,708 (9.7) 16,865 (16.2) March - 2026 38,208 (7.2) 17,210 (-1.6) April - 2026 37,021 (12.7) 18,417 (8.9) Note: (i) Data for January-April are provisional; ...
MUMBAI, India, May 29 -- Reserve Bank of India issued the following press release: The Reserve Bank of India (RBI) compiles the House Price Index (HPI) on a quarterly basis using transaction-level data received from the registration authorities. Today, the RBI released Real Sector > Prices & Wages.">1 the HPI for Q4:2025-26 with base year as 2022-23, covering eighteen major cities2. Highlights: * The House Price Index rose to 115.9 in Q4:2025-26, from 115.6 in the previous quarter, driven b...
MUMBAI, India, May 29 -- Reserve Bank of India issued the following press release: Data on lending and deposit rates of scheduled commercial banks (SCBs) (excluding regional rural banks and small finance banks) received during the month of May 2026 are set out in Tables 1 to 9. Highlights: Lending Rates: * The weighted average lending rate (WALR) on fresh rupee loans of SCBs stood at 8.50 per cent in April 2026 (8.40 per cent in March 2026). * The WALR on outstanding rupee loans of SCB...
MUMBAI, India, May 29 -- Reserve Bank of India issued the following press release: Today, the Reserve Bank released the web publication 'Annual Basic Statistical Return (BSR)-1 on Credit by Scheduled Commercial Banks - March 2026'Homepage > Publications>Basic Statistical Return (BSR)-1 - (Quarterly) - Outstanding Credit of Scheduled Commercial Banks) along with the annual BSR-1 March 2026.">1 on its 'Database on Indian Economy' (DBIE) portalHome>Statistics>Data Release>Fortnightly>Scheduled Ban...