MUMBAI, India, Dec. 4 -- Reserve Bank of India issued the following press release: On September 29, 2025, the Reserve Bank of India had issued the draft Reserve Bank of India (Gold Metal Loans) Directions, 2025 seeking feedback from stakeholders. The draft Directions were aimed primarily to (i) consolidate the Gold Metal Loans (GML) related regulations; (ii) fill up certain regulatory gaps in prudential aspects; (iii) expand the scope of the GML Scheme; and (iv) provide more operational freedom...
MUMBAI, India, Dec. 4 -- Reserve Bank of India issued the following press release: The Reserve Bank of India has, from time to time, issued several instructions/ guidelines to co-operative banks, i.e., Primary (Urban) Co-operative Banks (UCBs), State Co-operative banks (StCBs) and District Central Co-operative banks (DCCBs), related to permission for place of business, change of name and scheduling. With a view to harmonising the above instructions/ guidelines and consolidating them in one plac...
MUMBAI, India, Dec. 4 -- Reserve Bank of India issued the following press release: Extant guidelines stipulate submission of credit information by Credit Institutions (CIs) to Credit Information Companies (CICs) at fortnightly or shorter intervals. Given the increasing reliance of CIs on credit information reports (CIRs) in credit underwriting processes, it is imperative that the CIRs provided by CICs reflect more recent information. Upon review, it was proposed to amend the extant instructions...
MUMBAI, India, Dec. 4 -- Reserve Bank of India issued the following press release: The Basic Savings Bank Deposit (BSBD) account was introduced as a savings bank account which offers certain minimum facilities, free of charge, to the holders of such accounts with an objective of deepening financial inclusion. Access to financial services has improved significantly in recent years. However, the ongoing digitalisation of the banking sector requires a BSBD account that is in sync with the customer...
MUMBAI, India, Dec. 4 -- Reserve Bank of India issued the following press release: Government of India has announced the sale (re-issue) of Government Security, as detailed below, through auction to be held on December 05, 2025 (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 Deale...
MUMBAI, India, Dec. 4 -- Reserve Bank of India issued the following press release: Tenor 1-day Notified Amount (in ₹ crore) 75,000 Total amount of offers received (in ₹ crore) 72,377 Amount accepted (in ₹ crore) 72,377 Cut off Rate (%) 5.49 Weighted Average Rate (%) 5.48 Partial Acceptance Percentage of offers received at cut off rate NA Ajit Prasad Deputy General Manager (Communications) Press Release: 2025-2026/1623 Disclaimer: Curated by HT Syndication....
MUMBAI, India, Dec. 4 -- 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) 6,64,238.43 5.22 4.75-6.70 I. Call Money 18,928.82 5.35 4.75-5.60 II. Triparty Repo 3,96,732.70 5.17 5.01-5.25 III. Market Repo 2,45,396.41 5.30 4.85-5.50 IV. Repo in Corporate Bond 3,180.50 5.39 5.35-6.70 B. Term Segment I. Notice Money** 314.75 5.37 ...
MUMBAI, India, Dec. 4 -- Reserve Bank of India issued the following notification: RBI/DOR/2025-26/111 DOR.FIN.REC.No.318/20.16.056/2025-26 December 04, 2025 Reserve Bank of India (Small Finance Banks - Credit Information Reporting) Amendment Directions, 2025 The Reserve Bank had issued Reserve Bank of India (Small Finance Banks - Credit Information Reporting) Directions, 2025 for efficient functioning of credit information reporting system in the country. There is a need to further amend th...
MUMBAI, India, Dec. 4 -- Reserve Bank of India issued the following notification: RBI/DOR/2025-26/122 DOR.LIC.REC.No.328/07-01-000/2025-26 December 04, 2025 Reserve Bank of India (Rural Co-operative Banks - Branch Authorisation) Repeal Directions, 2025 The Reserve Bank of India being satisfied that it is necessary and expedient in the public interest to do so, hereby repeals the Reserve Bank of India (Rural Co-operative Banks - Branch Authorisation) Directions, 2025 (DoR.LIC.REC.No.215/07-0...
India, Dec. 3 -- Pune, India - 2nd December 2025- VIT College of Engineering, Bibvewadi has taken a historic step in strengthening India's leadership in Artificial Intelligence by signing a strategic Memorandum of Understanding (MoU) with The DataTech Labs (TDTL), a global AI and digital transformation organization with a presence across India, Malaysia, UAE, USA, and Germany.This collaboration will establish AI Impact Labs at VIT - world-class innovation and research environments designed to em...