MUMBAI, India, March 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 The Amanath Co-operative Bank Ltd., Bangalore vide Directive No. CO.DOS.SED.No.S1931/12-23-001/2024-25 dated June 12, 2024 for a period of six months up to close of business on December 12, 2024. The Reserve Bank of India is satisfied that in the public interest, it is necessary to further ex...
MUMBAI, India, March 6 -- Reserve Bank of India issued the following press release: The digital payment and banking landscape has evolved considerably since issuance of the existing instructions on limiting liability of customers in unauthorised electronic banking transactions in 2017. Upon a review, it has been decided to issue revised instructions on the subject to banks, which shall inter alia enhance the scope of existing instructions on limiting liability of customers in unauthorised elect...
MUMBAI, India, March 6 -- Reserve Bank of India issued the following press release: 1. Reserve Bank of India - Liabilities and Assets* (₹ Crore) Item 2025 2026 Variation Feb. 28 Feb. 20 Feb. 27 Week Year 1 2 3 4 5 4 Loans and Advances 4.1 Central Government 0 0 0 0 0 4.2 State Governments 22937 16953 9787 -7167 -13150 * Data are provisional; difference, if any, is due to rounding off. 2. Foreign Exchange Reserves* Item As on Feb. 27, 2026 Variation over Week End-March 2025 Year ...
MUMBAI, India, March 6 -- Reserve Bank of India issued the following press release: The Reserve Bank of India (RBI) has, by an order dated February 27, 2026, imposed a monetary penalty of ₹3.10 lakh (Rupees Three Lakh Ten Thousand only) on Maanaveeya Development & Finance Private Limited (the company) for non-compliance with certain directions issued by RBI on 'Governance'. This penalty has been imposed in exercise of powers conferred on RBI under section 58G(1)(b) read with section 58B(5...
MUMBAI, India, March 6 -- Reserve Bank of India issued the following press release: On a review of the current liquidity and financial conditions, the Reserve Bank has decided to conduct OMO purchase auctions of Government of India securities for an aggregate amount of ₹1,00,000 crore in two tranches of ₹50,000 crore each, to be held on March 09, 2026, and March 13, 2026. 2. Accordingly, the Reserve Bank will purchase the following Government securities through a multi-security au...
MUMBAI, India, March 6 -- 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 ₹45,960 Crore (Face Value). Sr. No. State/UT Amount to be raised (₹ Crore) Additional Borrowing (Greenshoe) Option (₹ Crore) Tenor (Year) Type of Auction 1. Andhra Pradesh 1000 - 13 Yield 1000 - 15 Yield 1000 - 17 Yield 2. Arunachal Pradesh 190 - 20 Yield 3. Assam 900 - 15 Yield 4. Delh...
MUMBAI, India, March 6 -- Reserve Bank of India issued the following press release: In terms of GOI notification F.No.4(4)-B(W&M)/2020 dated April 13, 2020 (SGB 2020-21 Series-VI-Issue date September 08, 2020) and in terms of GOI notification F.No.4(4)-B(W&M)/2020 dated October 09, 2020 (SGB 2020-21 Series-XII-Issue date March 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...
India, March 3 -- The Government of India has issued a release: Union Home Minister and Minister of Cooperation Shri Amit Shah today extended his heartiest greetings to the sisters and mothers of Kerala on the sacred occasion of Attukal Pongala. In a post on X, Shri Amit Shah said, "Heartiest greetings to our sisters and mothers of Kerala on the sacred occasion of Attukal Pongala. As they gather to offer Pongala, I pray that their prayers may shower the blessings of Attukal Amma upon everyone,...
India, March 3 -- The Government of India has issued a release: A contract for construction of 04 X 500T Self Propelled Fuel Barges has been concluded with M/s Shoft Shipyard Private Limited, Thane (MSME Shipyard) on 02 Mar 2026. These Barges are the proud flag bearers of "Make in India" and "Aatmanirbhar Bharat" initiatives of the Govt of India and will be built under the Classification Rules of Indian Register of Shipping (IRS). The primary role of these barges will be replenishment of fuel...
India, March 4 -- The Government of India has issued a release: The Vice-President of India, Shri C. P. Radhakrishnan, will undertake a visit to Karnataka on March 5, 2026. During the visit, the Vice-President will participate as the Chief Guest at the inauguration of the Rajagopuram, Kalasarohan and Mahakumbhabhishekam ceremony at Sri Veerabhadreshwar Temple, Yadur, Belagavi. Disclaimer: Curated by HT Syndication....