MUMBAI, India, Sept. 30 -- 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 Wednesday, October 01, 2025, as under: Sl. No. Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal 1 1,00,000 2 12:00 Noon to 12:30 PM October 03, 2025 (Friday) 2. The operational guidelines for the auction will be same as given in Reserve Bank's Press Relea...
MUMBAI, India, Sept. 30 -- Reserve Bank of India issued the following press release: Government of India, vide its notification dated September 30, 2025, and in exercise of the powers conferred by clause (a) of sub-section (1) of section 8 of the Reserve Bank of India Act 1934, read with sub-section (4) of section 8 thereof, has appointed Shri Shirish Chandra Murmu, Executive Director as Deputy Governor of Reserve Bank of India for a period of three years from the date of joining the post on or...
MUMBAI, India, Sept. 30 -- Reserve Bank of India issued the following press release: The Reserve Bank of India (RBI) has, by an order dated September 29, 2025, imposed a monetary penalty of ₹31.80 lakh (Rupees Thirty One Lakh Eighty Thousand only) on Indian Overseas Bank (the bank) for non-compliance with certain directions issued by RBI on 'Priority Sector Lending (PSL) - Targets and Classification'. This penalty has been imposed in exercise of powers conferred on RBI under the provision...
MUMBAI, India, Sept. 30 -- Reserve Bank of India issued the following press release: Data on lending and deposit rates of scheduled commercial banks (SCBs) (excluding regional rural banks and small finance banks) received during the month of September 2025 are set out in Tables 1 to 7. Highlights: Lending Rates: * The weighted average lending rate (WALR) on fresh rupee loans of SCBs stood at 8.75 per cent in August 2025 (8.81 per cent in July 2025). * The WALR on outstanding rupee lo...
MUMBAI, India, Sept. 30 -- Reserve Bank of India issued the following press release: Today, the Reserve Bank released data relating to India's International Investment Position for end-June 2025[1]. Key Features of India's IIP in end-June 2025: * Net claims of non-residents on India declined by US$ 16.4 billion during Q1:2025-26 and stood at US$ 312.8 billion as at end-June 2025. It was mainly due to higher rise in Indian residents' overseas financial assets (US$ 47.8 billion) as compared t...
MUMBAI, India, Sept. 30 -- Reserve Bank of India issued the following press release: The stock of external debt at end-June 2025 as well as revised data for earlier quarters are set out in Statements I (IMF format1) and II (old format). The major developments relating to India's external debt as at end-June 2025 are presented below. Highlights * At end-June 2025, India's external debt was placed at US$ 747.2 billion, an increase of US$ 11.2 billion over its level at end-March 2025 (Table 1)...
MUMBAI, India, Sept. 30 -- Reserve Bank of India issued the following press release: The value of exports and imports of services during August 2025 is given in the following table. International Trade in Services (US$ million) Month Receipts (Exports) Payments (Imports) April - 2025 32,853 (8.9) 16,912 (0.9) May - 2025 32,461 (9.6) 16,697 (-1.1) June - 2025 32,114 (12.0) 15,899 (5.0) July - 2025 33,740 (10.2) 17,293 (8.5) August - 2025 31,191 (2.7) 15,591 (-5.3) Note: (i) Data for J...
MUMBAI, India, Sept. 30 -- Reserve Bank of India issued the following press release: The Reserve Bank today released data on India's invisibles as per the IMF's Balance of Payments and International Investment Position Manual (BPM6) format for April-June of 2025-26. Ajit Prasad Deputy General Manager (Communications) Press Release: 2025-2026/1206 Disclaimer: Curated by HT Syndication....
MUMBAI, India, Sept. 30 -- Reserve Bank of India issued the following press release: The Reserve Bank has today released data on Reserve Money for the week ended September 26, 2025. Ajit Prasad Deputy General Manager (Communications) Press Release: 2025-2026/1205 Disclaimer: Curated by HT Syndication....
PATNA, India, Sept. 29 -- Patna High Court issued the following judgment on Aug. 29: Heard the learned Advocates for the petitioners and the learned Advocates for the respondents. 2. In the bunch of the writ petitions, there are two sets of writ petitions; one set of teachers are 'Head Teachers' and another set of teachers are 'Head Masters'. Since the issue(s) in these writ petitions are one and identical, with the consent of the parties, all these writ petitions have been heard together and ...