MUMBAI, India, Nov. 20 -- Reserve Bank of India issued the following press release: The Reserve Bank of India issued Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 to Shimsha Sahakara Bank Niyamitha, Maddur, Mandya District vide Directive No. BLR.DOS.SSMS.No.S2174/12-08-295/2022-23 dated February 23, 2023, for a period of six months up to close of business on August 24, 2023. The Reserve Bank of India is satisfied that in the public interest, it is necessa...
MUMBAI, India, Nov. 20 -- Reserve Bank of India issued the following speech: Prof. Ram Singh, Director, Delhi School of Economics, Prof. Pami Dua, distinguished faculty of the Delhi School of Economics, assembled dignitaries and dear students. Good afternoon. 2. I am pleased to be here at the Delhi School of Economics (DSE) to deliver the Second V.K.R.V. Rao Memorial lecture. The late Professor Rao was not only a distinguished scholar - being one of the first three Ph.Ds in Economics from Camb...
MUMBAI, India, Nov. 20 -- 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 Friday, November 21, 2025, as under: Sl. No. Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal 1 50,000 7 09:30 AM to 10:00 AM November 28, 2025 (Friday) 2. The operational guidelines for the auction will be same as given in Reserve Bank's Press Release ...
MUMBAI, India, Nov. 20 -- Reserve Bank of India issued the following press release: The Reserve Bank of India (RBI) has, by an order dated November 13, 2025, imposed a monetary penalty of ₹4.00 lakh (Rupees Four Lakh only) on Glowmore Finance Private Limited, Odisha (the company) for non-compliance with certain provisions of the 'Master Direction - Reserve Bank of India (Non-Banking Financial Company - Scale Based Regulation) Directions, 2023' issued by RBI. This penalty has been imposed ...
MUMBAI, India, Nov. 20 -- Reserve Bank of India issued the following press release: The Reserve Bank of India (RBI) has, by an order dated November 14, 2025, imposed a monetary penalty of ₹1.50 lakh (Rupees One Lakh Fifty Thousand only) on The Nawada Central Co-operative Bank Limited, Bihar (the bank) for contravention of provisions of Section 26A read with Section 56 of the Banking Regulation Act, 1949 (BR Act) and non-compliance with certain directions issued by RBI on 'Membership of Cr...
MUMBAI, India, Nov. 20 -- Reserve Bank of India issued the following press release: The Reserve Bank of India (RBI) has, by an order dated November 12, 2025, imposed a monetary penalty of ₹1 lakh (Rupees One Lakh only) on Shri Basaveshwar Sahakari Bank Niyamitha, Bagalkot, Karnataka (the bank) for non-compliance with certain directions issued by RBI on 'Income Recognition, Asset Classification, Provisioning and Other Related Matters - UCBs' and 'Reserve Bank of India (Co-operative Banks -...
MUMBAI, India, Nov. 20 -- Reserve Bank of India issued the following press release: The Reserve Bank of India (RBI) has, by an order dated November 12, 2025, imposed a monetary penalty of ₹50,000/- (Rupees Fifty Thousand only) on The Big Kancheepuram Co-operative Town Bank Limited, Tamil Nadu (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...
MUMBAI, India, Nov. 20 -- Reserve Bank of India issued the following press release: Government of India has announced the sale (re-issue) of Government Securities, as detailed below, through auction to be held on November 21, 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 De...
MUMBAI, India, Nov. 20 -- 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) 6,42,873.33 5.23 2.00-6.30 I. Call Money 16,360.95 5.38 4.85-5.45 II. Triparty Repo 4,16,205.35 5.20 5.11-5.29 III. Market Repo 2,07,159.53 5.28 2.00-5.70 IV. Repo in Corporate Bond 3,147.50 5.42 5.36-6.30 B. Term Segment I. Notice Money** 267.00 5.32...
Government-Recognized Pilgrimage Operator Launches Premium, Safe & Devotion-Oriented Yatra Experiences Noida, November 19 Accredited by the Ministry of Tourism, Government of India, and the Uttar Pradesh State Tourism Department, Epic Yatra proudly presents its pilgrimage packages for 2026, offering a wide range of spiritual journeys across the Himalayas. The newly introduced itineraries include the Chardham Yatra Package, Do Dham Yatra Package, Amarnath Yatra Package by Helicopter, and the Ama...