MUMBAI, India, Aug. 5 -- Reserve Bank of India issued the following press release: Good morning and Namaskar. 2. The West Asia conflict continues to challenge the global economy by disrupting key trade routes and supply chains, amplifying market volatility and depressing business sentiments. Trade uncertainty lingers as US imposed fresh tariffs. The global economic environment has become increasingly unstable. Global growth is projected to soften while inflation forecast is higher for 2026 vis...
MUMBAI, India, Aug. 5 -- Reserve Bank of India issued the following press release: This Statement sets out various developmental and regulatory policy measures relating to regulations: 1. Draft guidelines for licensing of Urban Co-operative Banks (UCBs) A discussion paper on Licensing of UCBs was published for stakeholder feedback on January 13, 2026 following a two decade pause on issuance of fresh licenses. On an analysis of the feedback, it has been decided to resume licensing of UCBs on '...
MUMBAI, India, Aug. 5 -- Reserve Bank of India issued the following press release: The Reserve Bank of India today released on its website the results of the following Surveys: * Urban Consumer Confidence Survey (UCCS) - July 2026 * Inflation Expectations Survey of Households (IESH) - July 2026 * Rural Consumer Confidence Survey (RCCS) - July 2026 * Survey of Professional Forecasters on Macroeconomic Indicators - Results of the 101st Round1 * Order Books, Inventories and Capacity...
MUMBAI, India, Aug. 5 -- Reserve Bank of India issued the following press release: The Reserve Bank of India has today released the data on External Commercial Borrowings (ECB), Foreign Currency Convertible Bonds (FCCB) and Rupee Denominated Bonds (RDB) both, through Automatic Route and Approval Route, for the month of June 2026. Ajit Prasad Deputy General Manager (Communications) Press Release: 2026-2027/815 Disclaimer: Curated by HT Syndication....
MUMBAI, India, Aug. 5 -- Reserve Bank of India issued the following press release: Reserve Bank has today published draft guidelines for 'on tap' licensing of Urban Co-operative Banks for stakeholder consultation. Comments are invited from public / stakeholders till September 05, 2026. Comments may be submitted through the link under the 'Connect 2 Regulate' section available on the Reserve Bank's website. Alternatively, comments/feedback may also be forwarded to: The Chief General Manager Re...
MUMBAI, India, Aug. 5 -- Reserve Bank of India issued the following press release: On a review of the current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Reverse Repo (VRRR) auction on Thursday, August 06, 2026, as under: Sl. No. Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal 1 1,50,000 4 09:30 AM to 10:00 AM August 10, 2026 (Monday) 2. The operational guidelines for the auction as given in the Reserve Bank's Press Release...
MUMBAI, India, Aug. 5 -- 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) 6,32,200.47 4.90 2.00-5.45 I. Call Money 12,051.13 5.06 4.50-5.20 II. Triparty Repo 4,36,898.60 4.88 4.41-5.00 III. Market Repo 1,76,402.09 4.92 2.00-5.25 IV. Repo in Corporate Bond 6,848.65 5.26 5.20-5.45 B. Term Segment I. Notice Money** 226.00 5.03 ...
India, Aug. 3 -- The Government of India has issued a release: Vice Admiral Manish Chadha is an alumnus of the 78th Course conducted at the National Defence Academy, Khadakwasla. He was commissioned into the Indian Navy on July 1, 1991. Vice Admiral Manish Chadha is a specialist in communications and electronic warfare. He is also an alumnus of the 61st Staff Course at the Defence Services Staff College, Wellington, and completed the Higher Command Course at the National Defence University, Was...
India, Aug. 3 -- The Government of India has issued a release: Under the Swachh Bharat Mission-Urban, a massive campaign is underway across the country to scientifically dispose of legacy waste dumpsites. For years, the mountains of garbage that had posed a significant obstacle to urban development. Municipal bodies, with the support of the central and state governments, are continuously striving to transform this challenge into an opportunity. In this direction, the Gorakhpur Municipal Corpora...
India, Aug. 4 -- * The Group commits Rs.150 crore investment and plans 100 Daewoo Experience Stores across India by 2027 New Delhi, 29th July 2026: EBG Group has today marked a significant milestone in India's premium consumer appliances retail landscape with the launch of India's first Daewoo Experience Store in Ghaziabad. The state-of-the-art flagship showroom signals the beginning of Daewoo's next phase of growth in the country, bringing the iconic South Korean brand's legacy of innovation, t...