MUMBAI, India, Aug. 14 -- 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 Reverse Repo (VRRR) auction on Monday, August 17, 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 August 24, 2026 (Monday) 2. The operational guidelines for the auction as given in the Reserve Bank's Press Release 2019...
MUMBAI, India, Aug. 14 -- Reserve Bank of India issued the following press release: RBI had introduced a special USD-INR Forex Swap facility covering FCNR(B) deposits, ECBs and OFCB inflows on June 08, 2026. The position of forex inflows as reported by Authorised Dealer Banks till August 13, 2026 under the above facility is given below: Type Amount (USD million) FCNR(B) Deposits 52,300 OFCBs 2,805 ECBs 1,741 Total 56,846 Based on the encouraging response to the Swap Facil...
MUMBAI, India, Aug. 14 -- Reserve Bank of India issued the following press release: Reserve Bank of India announces the auction of Government of India Treasury Bills as per the following details: Sr. No. Treasury Bill Notified Amount (₹ crore) Auction Date Settlement Date 1 91-Day 9,000 August 19, 2026 (Wednesday) August 20, 2026 (Thursday) 2 182-Day 8,000 3 364-Day 7,000 Total 24,000 The sale will be subject to the terms and conditions specified in the General Notification F.No....
MUMBAI, India, Aug. 14 -- Reserve Bank of India issued the following press release: The Reserve Bank of India (RBI) has, by an order dated August 14, 2026, imposed a monetary penalty of ₹2.70 lakh (Rupees Two Lakh Seventy Thousand only) on Fusion Finance Limited (the company) for non-compliance with certain provisions of 'Reserve Bank of India (Know Your Customer (KYC)) Directions' issued by RBI. This penalty has been imposed in exercise of powers conferred on RBI under Section 58G(1)(b) ...
MUMBAI, India, Aug. 14 -- Reserve Bank of India issued the following press release: The Reserve Bank of India (RBI) has, by an order dated August 14, 2026, imposed a monetary penalty of ₹59.20 lakh (Rupees Fifty-Nine lakh twenty thousand only) on IndusInd Bank Limited (the bank) for non-compliance with certain provisions of directions issued by RBI on 'Interest Rate on Deposits' and 'Securitisation of Standard Assets'. This penalty has been imposed in exercise of powers conferred on RBI u...
MUMBAI, India, Aug. 14 -- Reserve Bank of India issued the following press release: The Reserve Bank of India (RBI) has, by an order dated August 14, 2026, imposed a monetary penalty of ₹6.20 lakh (Rupees Six Lakh Twenty Thousand only) on Northern Arc Capital Limited (the company) for non-compliance with certain provisions of the directions issued by RBI on 'Disclosures in Financial Statements - Notes to Accounts' and on 'Internal Ombudsman for Regulated Entities'. This penalty has been i...
India, Aug. 13 -- A Proven Storytelling System That Makes Your Audience Listen, Believe, and ActBy Sandeep Nair | Penguin Random House | August 2026ABOUT THE BOOKWhen Sandeep Nair was thirteen, he entered an extempore competition at school. About forty-five seconds into his speech, his mind went completely blank. He stood on stage, unable to find the next word, while his teachers and classmates waited. Eventually, he walked off before his time was up.It was an unusual starting point for so...
India, Aug. 12 -- The Government of India has issued a release: State/UT 2021-22 2022-23 2023-24 2024-25 2025-26 Andaman And Nicobar Islands 613 310 648 909 30 Andhra Pradesh 13,199 5,798 32,449 35,471 3,094 Arunachal Pradesh 8,884 667 4,152 10,054 125 Assam 24,517 8,721 38,190 75,182 5,902 Bihar 47,643 12,213 23,613 99,982 4,451 Chandigarh 893 491 319 628 148 Chhattisgarh 9,495 4,356 8,385 16,452 490 Delhi 19,965 2,262 10,686 12,277 2,769 G...
India, Aug. 12 -- The Government of India has issued a release: The skill development programmes of the Government are designed and implemented to bridge the identified skill gaps across the emerging technology sectors. To align the training programs as per the market needs, 36 Sector Skill Councils (SSCs), led by industry leaders in the respective sectors, have been set up which are mandated to identify the skill development needs of respective sectors as well as to determine skill competency ...
India, Aug. 12 -- The Government of India has issued a release: The Ministry of Skill Development and Entrepreneurship (MSDE), in collaboration with the National Skill Development Corporation (NSDC), has announced the Skills Outcomes Fund (SOF) which is designed as an innovative, results-driven public-private blended finance mechanism with a proposed corpus of Rs.530 Crore; out of which Rs.225 Crore are committed by the Ministry and Rs.305 Cr would be sourced from the private (Corporate Social ...