MUMBAI, India, July 23 -- Reserve Bank of India issued the following press release: The Reserve Bank of India (RBl) has, by an order dated July 16, 2026, imposed a monetary penalty of ₹1 lakh (Rupees One Lakh only) on Rajnandgaon Kendriya Sahakari Bank Maryadit, Rajnandgaon, Chhattisgarh (the bank) for non-compliance with certain directions issued by RBI on 'Interest Rate on Deposits'. This penalty has been imposed in exercise of powers conferred on RBI under the provisions of section 47A...
MUMBAI, India, July 23 -- Reserve Bank of India issued the following press release: The Reserve Bank of India (RBl) has, by an order dated July 17, 2026, imposed a monetary penalty of ₹1 lakh (Rupees One Lakh only) on Shri Baria Nagarik Sahakari Bank Ltd., Baria, Gujarat (the bank), for non-compliance with certain directions issued by RBI on 'Inspection & Audit Systems in Primary (Urban) Co-operative Banks'. This penalty has been imposed in exercise of powers conferred on RBI under the pr...
MUMBAI, India, July 23 -- Reserve Bank of India issued the following press release: The Reserve Bank of India (RBI) has, by an order dated July 17, 2026, imposed a monetary penalty of ₹13.30 lakh (Rupees Thirteen Lakh Thirty Thousand only) on Sindhudurg District Central Co-operative Bank Ltd., Sindhudurg, Maharashtra (the bank) for contravention of provisions of section 20(1) read with section 56 of the Banking Regulation Act, 1949. This penalty has been imposed in exercise of powers conf...
MUMBAI, India, July 23 -- Reserve Bank of India issued the following press release: The Reserve Bank of India (RBI) has, by an order dated July 17, 2026, imposed a monetary penalty of ₹50,000/- (Rupees Fifty thousand only) on Mandya District Co-operative Central Bank Ltd., Karnataka (the bank) for contravention of provisions of section 19 read with section 56 of the Banking Regulation Act, 1949 (BR Act). This penalty has been imposed in exercise of powers conferred on RBI under the provis...
MUMBAI, India, July 23 -- Reserve Bank of India issued the following press release: The Reserve Bank of India (RBI) has, by an order dated July 17, 2026, imposed a monetary penalty of ₹50,000/- (Rupees Fifty Thousand only) on The City Co-operative Bank, Hassan, Karnataka (the bank) for non-compliance with certain directions issued by RBI on 'Know Your Customer (KYC)'. This penalty has been imposed in exercise of powers conferred on RBI under the provisions of section 47A(1)(c) read with s...
MUMBAI, India, July 23 -- Reserve Bank of India issued the following press release: The Reserve Bank has today released data on Money Supply for the fortnight ended on July 15, 2026. Ajit Prasad Deputy General Manager (Communications) Press Release: 2026-2027/738 Disclaimer: Curated by HT Syndication....
MUMBAI, India, July 23 -- Reserve Bank of India issued the following press release: Government of India has announced the sale (issue/re-issue) of Government Securities, as detailed below, through auction to be held on July 24, 2026 (Friday). As per the extant scheme of underwriting commitment notified on November 14, 2007, the amounts of Minimum Underwriting Commitment (MUC) and the minimum bidding commitment under Additional Competitive Underwriting (ACU) auction, applicable to each Primary ...
MUMBAI, India, July 23 -- 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) 6,59,097.60 5.25 3.00-5.50 I. Call Money 14,662.89 5.38 4.60-5.45 II. Triparty Repo 4,59,373.95 5.22 4.80-5.33 III. Market Repo 1,78,647.36 5.29 3.00-5.50 IV. Repo in Corporate Bond 6,413.40 5.48 5.37-5.50 B. Term Segment I. Notice Money** 156.15 5.13...