MUMBAI, India, Jan. 5 -- Reserve Bank of India issued the following press release: The first meeting of the Payments Regulatory Board (PRB) was held today in Mumbai under the Chairmanship of Shri Sanjay Malhotra, Governor. It may be recalled that PRB was constituted consequent to an amendment in the Payment and Settlement Systems Act, 2007 which came into effect on May 9, 2025. The Board reviewed the functions of the Department of Payment and Settlement Systems and current focus areas coverin...
MUMBAI, India, Jan. 5 -- Reserve Bank of India issued the following press release: Reserve Bank of India has entered into an Agreement under sub-section (1) of Section 21A of the Reserve Bank of India Act, 1934 with the Government of National Capital Territory of Delhi (GNCTD). Under the agreement, which shall be effective from January 09, 2026, the Reserve Bank of India shall carry on the general banking business of GNCTD and manage its rupee public debt. (Brij Raj) Chief General Manager Pr...
MUMBAI, India, Jan. 5 -- Reserve Bank of India issued the following press release: The Reserve Bank of India had, on October 03, 2025, issued eight draft Directions on Lending to Related Parties, viz.,: (i) Reserve Bank of India (Commercial Banks - Lending to Related Parties) Directions, 2025 (ii) Reserve Bank of India (Small Finance Banks - Lending to Related Parties) Directions, 2025 (iii) Reserve Bank of India (Regional Rural Banks - Lending to Related Parties) Directions, 2025 (iv) Reserve ...
MUMBAI, India, Jan. 5 -- Reserve Bank of India issued the following press release: The Reserve Bank of India (RBI) has, by an order dated January 02, 2026, imposed a monetary penalty of ₹10,000/- (Rupees Ten Thousand only) on Shaha Finlease Private Limited, Mumbai (the company), for non-compliance with certain directions issued by RBI on 'Fair Practices Code'. This penalty has been imposed in exercise of powers conferred on RBI under Section 58G(1)(b) read with Section 58B(5)(aa) of the R...
MUMBAI, India, Jan. 5 -- Reserve Bank of India issued the following press release: The Reserve Bank of India today released the data showing daily merchant and Inter-Bank transactions in foreign exchange for the period November 24, 2025 - November 28, 2025. All Figures are in USD Millions Position Date MERCHANT INTER BANK FCY / INR FCY / FCY FCY / INR FCY / FCY Spot Forward Forward Cancel Spot Forward Forward Cancel Spot Swap Forward Spot Swap Forward Purchases 24-11-2025 6,702 1,720 1,685...
MUMBAI, India, Jan. 5 -- Reserve Bank of India issued the following press release: The Reserve Bank of India today released the data showing daily merchant and Inter-Bank transactions in foreign exchange for the period November 17, 2025 - November 21, 2025. All Figures are in USD Millions Position Date MERCHANT INTER BANK FCY / INR FCY / FCY FCY / INR FCY / FCY Spot Forward Forward Cancel Spot Forward Forward Cancel Spot Swap Forward Spot Swap Forward Purchases 17-11-2025 6,883 934 994 375 1...
MUMBAI, India, Jan. 5 -- Reserve Bank of India issued the following press release: The Reserve Bank of India today released the data showing daily merchant and Inter-Bank transactions in foreign exchange for the period November 10, 2025 - November 14, 2025. All Figures are in USD Millions Position Date MERCHANT INTER BANK FCY / INR FCY / FCY FCY / INR FCY / FCY Spot Forward Forward Cancel Spot Forward Forward Cancel Spot Swap Forward Spot Swap Forward Purchases 10-11-2025 4,931 1,068 1,240 400...
India, Jan. 4 -- The Government of India has issued a release: As part of India's build-up to the India AI Impact Summit 2026, the Rajasthan Regional AI Impact Conference 2026 will be held on January 6, 2026, in Jaipur. The Conference will serve as a key regional platform to explore how Artificial Intelligence can drive governance reform, economic growth, innovation, and inclusive development. The Conference will witness the participation of senior leadership from the Government of India and t...
India, Jan. 4 -- The Government of India has issued a release: Har Har Mahadev! Hon'ble Chief Minister of Uttar Pradesh Yogi Adityanath ji, Deputy Chief Minister Brajesh Pathak ji, Ministers of the UP Government-brother Ravindra Jaiswal ji, Dayashankar ji, Girish Yadav ji, Mayor of Banaras brother Ashok Tiwari ji, other public representatives, all office bearers of the Volleyball Association, players who have come from across the country, and my family members of Kashi-Namaskar. As the Member...
India, Jan. 4 -- The Government of India has issued a release: Marking the 42nd Foundation Day of the Department of Scientific and Industrial Research (DSIR) under the Ministry of Science & Technology (MoST), Union Minister of State (Independent Charge) for Science & Technology, Earth Sciences, PMO, Department of Space and Department of Atomic Energy, Dr. Jitendra Singh, today announced a major relaxation of the mandatory three-year existence condition for deep-tech startups to avail recognitio...