MUMBAI, India, June 22 -- Reserve Bank of India issued the following speech: I am indeed very happy to be here among all of you as we enter the week which celebrates International MSME Day on 27th later in the week. MSMEs have a special place in my heart. I got an opportunity to work in this very dynamic sector early in my career way back in 2000 when a dedicated Ministry had just been set up for this sector in the year 1999. It used to be known as the Ministry of SSI & ARI then. The MSME sec...
MUMBAI, India, June 22 -- 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 Tuesday, June 23, 2026, as under: Sl. No. Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal 1 2,00,000 7 09:30 AM to 10:00 AM June 30, 2026 (Tuesday) 2. The operational guidelines for the auction will be same as given in Reserve Bank's Press Release 2021-20...
MUMBAI, India, June 22 -- Reserve Bank of India issued the following press release: Government of India (GoI) has announced the sale (re-issue) of two dated securities for a notified amount of ₹28,000 crore as per the following details: Sr No Security Date of Repayment Notified Amount (₹ Crore) GoI specific Notification Auction Date Settlement Date 1 6.68% GS 2040 Jul 07, 2040 17,000 F.No.4(1)-B(W&M)/2026 dated June 22, 2026 June 25, 2026 (Thursday) June 29, 2026 (Monday) 2 7.4...
MUMBAI, India, June 22 -- Reserve Bank of India issued the following press release: Today, the Reserve Bank released the June 2026 issue of its monthly Bulletin. The Bulletin includes one speech, one article and current statistics. The article is on the State of the Economy. State of the Economy Geopolitical tensions and trade disruptions persisted, despite the recent interim peace deal in West Asia. Amidst the challenging global environment, the Indian economy grew at 7.8 per cent in Q4:202...
MUMBAI, India, June 22 -- Reserve Bank of India issued the following press release: The Reserve Bank of India (RBI) has, by an order dated June 19, 2026, imposed a monetary penalty of ₹5 lakh (Rupees Five Lakh only) on Hutatma Sahakari Bank Ltd., Walva, Maharashtra (the bank) for non-compliance with certain directions issued by RBI on 'Loans and Advances to Directors, their Relatives, and Firms / Concerns in which they are Interested'. This penalty has been imposed in exercise of powers c...
MUMBAI, India, June 22 -- Reserve Bank of India issued the following press release: The Reserve Bank of India (RBI) has, by an order dated June 15, 2026, imposed a monetary penalty of ₹1 lakh (Rupees One Lakh only) on The Shimoga District Co-operative Central Bank Ltd., Karnataka (the bank) for contravention of provisions of Section 20 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 provision...
MUMBAI, India, June 22 -- Reserve Bank of India issued the following press release: The Reserve Bank of India (RBI) has, by an order dated June 15, 2026, imposed a monetary penalty of ₹1 lakh (Rupees One Lakh only) on The Chittoor District Co-operative Central Bank Ltd., Andhra Pradesh (the bank) for contravention of provisions of Section 20 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 pro...
MUMBAI, India, June 22 -- Reserve Bank of India issued the following press release: The Reserve Bank of India (RBI) has, by an order dated June 19, 2026, imposed a monetary penalty of ₹3 lakh (Rupees Three Lakh only) on Sultanpur Jilla Sahkari Bank Ltd., Uttar Pradesh (the bank) for contravention of the provisions of Section 26A read with Section 56 of the Banking Regulation Act, 1949 (BR Act) and for non-compliance with certain directions issued by RBI on 'Membership of Credit Informatio...
MUMBAI, India, June 22 -- 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) 0.00 - - I. Call Money 0.00 - - II. Triparty Repo 0.00 - - III. Market Repo 0.00 - - IV. Repo in Corporate Bond 0.00 - - B. Term Segment I. Notice Money** 0.00 - - II. Term Money@@ 0.00 - - III. Triparty Repo 0.00 - - IV. Market Repo 0.00 - - V. Repo ...
MUMBAI, India, June 22 -- 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) 15,911.44 5.02 4.70-5.25 I. Call Money 740.10 4.85 4.70-4.90 II. Triparty Repo 15,083.50 5.03 4.80-5.20 III. Market Repo 87.84 5.05 4.90-5.25 IV. Repo in Corporate Bond 0.00 - - B. Term Segment I. Notice Money** 0.00 - - II. Term Money@@ 0.00 - - III....