MUMBAI, India, April 30 -- Reserve Bank of India issued the following notification: RBI/DGBA/2026-27/399 CO.DGBA.GBD.No.S43/31.02.007/2026-27 April 30, 2026 Reserve Bank of India [Disbursement of Government Pension by Agency Banks (ABs)] Directions, 2026 Table of Contents Chapter I - Preliminary A. Short Title and Commencement B. Applicability C. Definitions Chapter II - Implementation of Government Orders A. Government Orders on Dearness Relief (DR), etc., available on its website B. Pro...
MUMBAI, India, April 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 April 2026 are set out in Tables 1 to 9. Highlights: Lending Rates: * The weighted average lending rate (WALR) on fresh rupee loans of SCBs stood at 8.40 per cent in March 2026 (8.44 per cent in February 2026). * The WALR on outstanding rupee loans ...
MUMBAI, India, April 30 -- Reserve Bank of India issued the following press release: The following State Governments have offered to sell stock by way of auction, for an aggregate amount of ₹18,600 Crore (Face Value). Sr. No. State Amount to be raised (₹ Crore) Tenor (Year) Type of Auction 1. Andhra Pradesh 2200 Re-issue of 7.96% Andhra Pradesh SGS 2038 issued on April 08, 2026 Price 2200 Re-issue of 8.07% Andhra Pradesh SGS 2051 issued on April 08, 2026 Price 2. Maharashtra 800 ...
MUMBAI, India, April 30 -- Reserve Bank of India issued the following press release: The Reserve Bank of India has sanctioned the Scheme of Amalgamation of The Bhavani Sahakari Bank Ltd., Mumbai (Maharashtra) with TJSB Sahakari Bank Ltd. (Maharashtra). The Scheme has been sanctioned in exercise of the powers conferred under sub-section (4) of Section 44A read with Section 56 of the Banking Regulation Act, 1949. The Scheme will come into force with effect from May 04, 2026 (Monday). The branches...
MUMBAI, India, April 30 -- Reserve Bank of India issued the following press release: In terms of GOI notification F.No.4(8)-W&M/2018 dated April 13, 2018 (SGB 2018-19 Series-I-Issue date May 04, 2018) on Sovereign Gold Bond Scheme, the Gold Bond shall be repayable on the expiration of eight years from the date of issue of the Gold Bonds. Accordingly, the final redemption date of the above tranche shall be May 04, 2026. 2. Further, the redemption price of SGB shall be based on simple average of...
MUMBAI, India, April 30 -- Reserve Bank of India issued the following press release: It may be recalled that inFebruary 2004, the Reserve Bank initiated the practice of compiling half-yearly reports on the management of foreign exchange reserves and making them public to promote greater transparency and enhance disclosure in the management of the country's foreign exchange reserves. In this connection, Reserve Bank of India has today released the46th Half-Yearly Report on Management of Foreign...
MUMBAI, India, April 30 -- Reserve Bank of India issued the following press release: The values of exports and imports of services during March 2026 are presented in the following table. International Trade in Services (US$ million) Month Receipts (Exports) Payments (Imports) January - 2026 38,165 (9.8) 16,631 (-0.5) February - 2026 34,708 (9.7) 16,865 (16.2) March - 2026 38,208 (7.2) 17,210 (-1.6) Note: (i) Data for January-March are provisional; and (ii) Figures in parentheses are gro...
MUMBAI, India, April 30 -- Reserve Bank of India issued the following press release: Data on sectoral deployment of bank credit for the month of March 2026, collected from 41 select scheduled commercial banks (SCBs) which together account for about 95 per cent of the total non-food credit by all SCBs1, are set out in Statements I and II. On a year-on-year (y-o-y) basis, non-food bank credit2 grew by 15.9 per cent as on the fortnight ended March 31, 2026, compared to 10.9 per cent during the co...
MUMBAI, India, April 30 -- Reserve Bank of India issued the following press release: Tenor 4-day Notified Amount (in ₹ crore) 1,00,000 Total amount of bids received (in ₹ crore) 25,715 Amount allotted (in ₹ crore) 25,715 Cut off Rate (%) 5.26 Weighted Average Rate (%) 5.26 Partial Allotment Percentage of bids received at cut off rate (%) NA Ajit Prasad Deputy General Manager (Communications) Press Release: 2026-2027/179 Disclaimer: Curated by HT Syndication....
MUMBAI, India, April 30 -- Reserve Bank of India issued the following press release: In the underwriting auction conducted on April 30, 2026, for Additional Competitive Underwriting (ACU) of the undernoted Government securities, the Reserve Bank of India has set the cut-off rates for underwriting commission payable to Primary Dealers as given below: Nomenclature of the Security Notified Amount (₹ crore) Minimum Underwriting Commitment (MUC) Amount (₹ crore) Additional Competitive...