MUMBAI, India, Oct. 7 -- Reserve Bank of India issued the following press release: The Reserve Bank of India has today released the data onOverseas Direct Investment, both under Automatic Route and the Approval Route, for the month of September 2025. Ajit Prasad Deputy General Manager (Communications) Press Release: 2025-2026/1270 Disclaimer: Curated by HT Syndication....
MUMBAI, India, Oct. 7 -- Reserve Bank of India issued the following press release: In exercise of the powers conferred under Section 36 AAA read with section 56 of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies), the Reserve Bank has today superseded the Board of Directors of Irinjalakuda Town Co-operative Bank Ltd., for a period of 12 months. Consequently, the Reserve Bank has appointed Shri Raju S Nair, former Vice President, Federal Bank as 'Administrator' to manag...
MUMBAI, India, Oct. 7 -- Reserve Bank of India issued the following press release: It is hereby notified for information of the public that in exercise of powers vested in it under sub section (1) of Section 35 A read with Section 56 of the Banking Regulation Act, 1949, the Reserve Bank of India (RBI) vide Directive Ref. No. BPL.DOS.SED.No.S1638/12-07-054/2025-2026 dated October 06, 2025, has issued certain Directions to Sadbhav Nagrik Sahakari Bank Maryadit, Chhatarpur, whereby, as from the cl...
MUMBAI, India, Oct. 7 -- Reserve Bank of India issued the following press release: It is hereby notified for information of the public that in exercise of powers vested in it under sub section (1) of Section 35 A read with Section 56 of the Banking Regulation Act, 1949, the Reserve Bank of India (RBI) vide Directive Ref. No. NGP.DOS.SSM 1.No.S581/15-04-381/2025-2026 dated October 06, 2025, has issued certain Directions to Samarth Urban Co-operative Bank Ltd., Osmanabad ("the bank"), whereby, as...
MUMBAI, India, Oct. 7 -- Reserve Bank of India issued the following press release: It is hereby notified for information of the public that in exercise of powers vested in it under sub section (1) of Section 35 A read with Section 56 of the Banking Regulation Act, 1949, the Reserve Bank of India (RBI) vide Directive Ref. No. NGP.DOS.SSM 2.No.S580/15-03-614/2025-2026 dated October 06, 2025, has issued certain Directions to Samarth Sahakari Bank Ltd., Solapur ("the bank"), whereby, as from the cl...
MUMBAI, India, Oct. 7 -- Reserve Bank of India issued the following press release: The Reserve Bank of India had issued Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 to The Shirpur Merchants' Co-operative Bank Ltd., Shirpur, Maharashtra, vide Directive No. CO.DOS.SED. No. S175/45-11-001/ 2024-2025 dated April 05, 2024, for a period of six months up to the close of business on October 08, 2024, as modified from time to time, which were last extended up to ...
MUMBAI, India, Oct. 7 -- Reserve Bank of India issued the following press release: The Reserve Bank of India (RBI), vide order dated October 06, 2025, has cancelled the licence of "Jijamata Mahila Sahakari Bank Ltd., Satara, Maharashtra." The banking licence of the bank was earlier cancelled vide order dated June 30, 2016 and was restored on October 23, 2019 on an appeal made by the bank. The Appellate Authority, which allowed the appeal, directed that a forensic audit of the bank be conducted ...
MUMBAI, India, Oct. 7 -- Reserve Bank of India issued the following press release: The FX-Retail platform of the Clearcorp Dealing Systems (India) Ltd. (Clearcorp) has been linked with Bharat Bill Payment System (Bharat Connect). The linkage will enable individual customers maintaining bank accounts with participating banks to register and transact on the FX-Retail platform via enabled digital channels of participating banks and through Third Party Application Providers (TPAPs). For existing cu...
MUMBAI, India, Oct. 7 -- 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 Ramgarhia Co-operative Bank Limited, New Delhi vide Directive No. DEL.DOS.EXG_SSM.No.S515/12-10-013/2022-2023 dated July 07, 2022 for a period of 06 months up to close of business on January 08, 2023, which was last extended vide Directive No. DOR.MON.D-18/12.28.115/2025-26 dated July 04, 2025...
MUMBAI, India, Oct. 7 -- Reserve Bank of India issued the following press release: In pursuance of the announcement made in the Statement on Developmental and Regulatory Policies dated October 01, 2025, the Reserve Bank of India (RBI) has today issued the following draft Directions: A. Draft Reserve Bank of India (Scheduled Commercial Banks - Capital Charge for Credit Risk - Standardised Approach) Directions, 2025 The proposed Directions seek to implement one of the key elements of the global...