MUMBAI, India, Dec. 11 -- Reserve Bank of India issued the following notification: RBI/2025-26/149 DOR.RET.REC.355/12.01.001/2025-26 December 11, 2025 Reserve Bank of India (Small Finance Banks - Cash Reserve Ratio and Statutory Liquidity Ratio) Amendment Directions, 2025 Please refer to Reserve Bank of India (Small Finance Banks - Cash Reserve Ratio and Statutory Liquidity Ratio) Directions, 2025 dated November 28, 2025. 2. The Banking Laws (Amendment) Act, 2025 has amended various provis...
MUMBAI, India, Dec. 11 -- Reserve Bank of India issued the following notification: RBI/2025-26/144 DOR.CRE.REC.350/07-02-003/2025-26 December 11, 2025 Reserve Bank of India (Local Area Banks - Credit Risk Management) - Amendment Directions, 2025 Please refer to Reserve Bank of India (Local Area Banks - Credit Risk Management) Directions, 2025 dated November 28, 2025 (hereinafter referred to as 'the Directions'). 2. On a review, in exercise of the powers conferred by the sections 21 and 35A...
MUMBAI, India, Dec. 11 -- Reserve Bank of India issued the following press release: The Reserve Bank of India (RBI) has, by an order dated December 9, 2025, imposed a monetary penalty of ₹13,000/- (Rupees Thirteen Thousand Only) on The Co-operative Urban Bank Limited, Parlakhemundi, Odisha (the bank) for non-compliance with specific directions issued by RBI under 'Supervisory Action Framework (SAF)' and certain directions issued by RBI on 'Membership of Credit Information Companies by Co-...
MUMBAI, India, Dec. 11 -- Reserve Bank of India issued the following press release: The Reserve Bank of India had, on October 1 2025, issued seven draft Directions on Transaction Accounts, viz., (i) Reserve Bank of India (Commercial Banks - Transaction Accounts) Directions, 2025; (ii) Reserve Bank of India (Small Finance Banks - Transaction Accounts) Directions, 2025; (iii) Reserve Bank of India (Payments Banks - Transaction Accounts) Directions, 2025; (iv) Reserve Bank of India (Local Area Ban...
MUMBAI, India, Dec. 11 -- Reserve Bank of India issued the following press release: I. SUMMARY OMO PURCHASE RESULTS Aggregate Amount (Face value) notified by RBI : ₹50,000 crore Total amount offered (Face value) by participants : ₹1,11,615 crore Total amount accepted (Face value) by RBI : ₹50,000 crore II. DETAILS OF OMO PURCHASE ISSUE Security 6.75% GS 2029 7.02% GS 2031 7.26% GS 2032 6.79% GS 2034 7.54% GS 2036 6.92% GS 2039 6.67% GS 2050 No. of offers received 65 71 73 10...
MUMBAI, India, Dec. 11 -- Reserve Bank of India issued the following press release: Today, the Reserve Bank of India released the 10th edition of its statistical publication, "Handbook of Statistics on Indian States, 2024-25". Through this publication, the Reserve Bank disseminates wide-ranging data on the regional economies of India. This publication provides sub-national statistics, among others, on socio-demographics, health, state domestic product, agriculture, environment, prices, wages, ...
MUMBAI, India, Dec. 11 -- Reserve Bank of India issued the following press release: Security 6.75% GS 2029 7.02% GS 2031 7.26% GS 2032 6.79% GS 2034 7.54% GS 2036 6.92% GS 2039 6.67% GS 2050 Total amount notified Aggregate amount of ₹50,000 crore (No security-wise notified amount) Total amount (Face Value) accepted by RBI (₹ in crore) 6,638 15,316 21,189 1,033 3,942 657 1,225 Cut off yield (%) 6.1277 6.4391 6.6021 6.6515 6.8373 6.9600 7.2902 Cut off price (₹) 102.19 102.66 10...
RANCHI, India, Dec. 10 -- Jharkhand High Court issued the following order on Nov. 10: Heard the parties. Learned counsel for the petitioner seeks permission of this Court to withdraw this Criminal Miscellaneous Petition. Permission is accorded. This Criminal Miscellaneous Petition stands dismissed as withdrawn. Disclaimer: Curated by HT Syndication....
India, Dec. 9 -- The Government of India has issued a release: The President of India, Smt Droupadi Murmu, presented National Handicrafts Awards for the years 2023 and 2024 in New Delhi today (December 9, 2025). Speaking on the occasion, the President said that art reflects our memories of the past, experiences of the present, and aspirations for the future. Humans have been expressing their emotions through painting or sculpture since ancient times. Art connects people to culture. Art also co...
India, Dec. 9 -- The Government of India has issued a release: The impact of recent GST rationalisation on cooperatives, particularly those operating in the dairy, food processing, agriculture and rural enterprises sectors throughout the country, including Madhya Pradesh is as follows:- Dairy Sector i. The GST on Milk & Paneer has been made 'nil' and the GST on Butter, Ghee, Cheese, Milk cans etc. has been reduced from 12% to 5%. ii. The likely impact of the revised GST rates on dairy cooper...