MUMBAI, India, Aug. 6 -- Reserve Bank of India issued the following press release: In terms of GOI notification F.No.4(4)-B(W&M)/2020 dated October 09, 2020 (SGB 2020-21 Series-XI-Issue date February 09, 2021) on Sovereign Gold Bond Scheme, premature redemption of Gold Bond may be permitted after fifth year from the date of issue of such Gold Bond on the date on which interest is payable. Accordingly, the next due date of premature redemption of the above tranche shall be on August 07, 2026 (Au...
MUMBAI, India, Aug. 6 -- Reserve Bank of India issued the following press release: In pursuance of the announcement made with regard to the captioned subject in the Statement on Developmental and Regulatory Policies dated August 5, 2026, the Reserve Bank of India has today issued the following draft Directions for public comments: * Draft Reserve Bank of India (Rural Co-operative Banks - Concentration Risk Management) - Directions, 2026 to replace Reserve Bank of India (Rural Co-operative Ba...
MUMBAI, India, Aug. 6 -- Reserve Bank of India issued the following press release: The Reserve Bank had issued the revised draft Amendment Directions on 'Conduct of Regulated Entities in Recovery of Loans and Engagement of Recovery Agents' on May 20, 2026 for seeking feedback from stakeholders. Feedback received on the above revised draft Directions has been examined and the consequent modifications have been suitably incorporated in the final Amendment Directions. A statement on the feedback r...
MUMBAI, India, Aug. 6 -- Reserve Bank of India issued the following press release: The Reserve Bank of India (RBl) has, by an order dated August 03, 2026, imposed a monetary penalty of ₹40,000/- (Rupees Forty Thousand only) on Kedarnath Urban Co-operative Bank Ltd., Latur, Maharashtra (the bank) for non-compliance with certain directions issued by RBI on 'Know Your Customer (KYC)' and operational instructions issued under 'Supervisory Action Framework (SAF)'. This penalty has been imposed...
MUMBAI, India, Aug. 6 -- Reserve Bank of India issued the following press release: The Reserve Bank of India today released the draft "Reserve Bank of India (Non-Banking Financial Companies - Credit Facilities) Amendment Directions, 2026". Comments/feedback on the draft Amendment Directions are invited from regulated entities and other interested stakeholders by August 28, 2026. Feedback on the draft Amendment Directions may be submitted through 'Connect 2 Regulate' or by email with subject li...
MUMBAI, India, Aug. 6 -- Reserve Bank of India issued the following press release: The Reserve Bank has today released data on Reserve Money for the fortnight ended July 31, 2026. Ajit Prasad Deputy General Manager (Communications) Press Release: 2026-2027/824 Disclaimer: Curated by HT Syndication....
MUMBAI, India, Aug. 6 -- Reserve Bank of India issued the following press release: The Reserve Bank of India announced today the list of NBFCs in the Upper Layer under Scale Based Regulation for NBFCs for the year 2026-27 with reference to financials as on March 31, 2026. 2. The Reserve Bank has issued the regulatory framework under Scale Based Regulation for NBFCs which is contained in the Reserve Bank of India (Non-Banking Financial Companies - Registration, Exemptions and Framework for Scal...
MUMBAI, India, Aug. 6 -- 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 August 07, 2026 (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, Aug. 6 -- 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 Sri Guru Raghavendra Sahakara Bank Niyamitha, Bengaluru vide Directive No. DoS.CO.UCB.BSD-III.D-2/12.23.283/2019-20 dated January 02, 2020, for a period of six months up to close of business on July 10, 2020. The Reserve Bank of India is satisfied that in the public interest, it is necessary t...
MUMBAI, India, Aug. 6 -- Reserve Bank of India issued the following press release: Tenor 4-day Notified Amount (in ₹ crore) 1,50,000 Total amount of offers received (in ₹ crore) 1,30,286 Amount accepted (in ₹ crore) 1,30,286 Cut off Rate (%) 5.24 Weighted Average Rate (%) 5.23 Partial Acceptance Percentage of offers received at cut off rate NA Ajit Prasad Deputy General Manager (Communications) Press Release: 2026-2027/819 Disclaimer: Curated by HT Syndication....