MUMBAI, India, Sept. 4 -- Reserve Bank of India issued the following press release: On a review of the current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Reverse Repo (VRRR) auction on Monday, September 07, 2026, as under: Sl. No. Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal 1 7,00,000 30 9:30 AM to 10:00 AM October 07, 2026 (Wednesday) 2. The operational guidelines for the auction will be same as given in Reserve Bank's...
MUMBAI, India, Sept. 4 -- Reserve Bank of India issued the following press release: The Reserve Bank of India (RBI) has, by an order dated September 02, 2026, imposed a monetary penalty of ₹6.20 lakh (Rupees Six Lakh Twenty Thousand only) on Hinduja Leyland Finance Limited (the company) for non-compliance with certain provisions of the directions issued by RBI on 'Pricing of Microfinance Loans' and 'Securitisation of Standard Assets'. This penalty has been imposed in exercise of powers co...
MUMBAI, India, Sept. 4 -- 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 ₹16,900 Crore (Face Value). Sr. No. State/UT Amount to be raised (₹ Crore) Tenor (Year) Type of Auction 1. Andhra Pradesh 1000 Re-issue of 7.46% Andhra Pradesh SGS 2035, issued on August 12, 2026 Price 1200 Re-issue of 7.65% Andhra Pradesh SGS 2043, issued on March 11, 2026 Price 1600 Re-issue ...
MUMBAI, India, Sept. 4 -- Reserve Bank of India issued the following press release: In terms of GOI notification F.No. 4(5)-B(W&M)/2021 dated May 12, 2021 (https://rbidocs.rbi.org.in/rdocs/content/pdfs/SGBN12052021.pdf) (SGB 2021-22 Series VI - Issue date September 07, 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 due date of premature re...
MUMBAI, India, Sept. 4 -- Reserve Bank of India issued the following press release: The Reserve Bank of India (RBI) has, by an order dated August 31, 2026, imposed a monetary penalty of ₹1,19,400 (Rupees One Lakh Nineteen Thousand Four Hundred only) on Equifax Credit Information Services Private Limited (the company) for non-compliance with certain provisions of directions issued by RBI on 'Framework for compensation to customers for delayed updation / rectification of credit information'...
MUMBAI, India, Sept. 4 -- Reserve Bank of India issued the following press release: The Reserve Bank of India (RBI) has, by an order dated August 31, 2026, imposed a monetary penalty of ₹4.20 lakh (Rupees Four Lakh Twenty Thousand only) on Sammaan Finserve Limited (the company) for non-compliance with certain provisions of the directions issued by RBI on 'Early Recognition of Stress and Reporting to Central Repository of Information on Large Credits (CRILC)'. This penalty has been imposed...
MUMBAI, India, Sept. 4 -- Reserve Bank of India issued the following press release: The Reserve Bank of India (RBI) has, by an order dated August 31, 2026, imposed a monetary penalty of ₹6,89,600 (Rupees Six lakh eighty nine thousand six hundred only) on CRIF High Mark Credit Information Services Private Limited (the company) for non-compliance with certain provisions of the directions issued by RBI on 'Framework for compensation to customers for delayed updation/ rectification of credit ...
MUMBAI, India, Sept. 4 -- Reserve Bank of India issued the following press release: The Reserve Bank of India (RBI) has, by an order dated August 31, 2026, imposed a monetary penalty of ₹26,82,800 (Rupees Twenty-six lakh eighty two thousand eight hundred only) on TransUnion CIBIL Limited (the company) for non-compliance with certain provisions of the directions issued by RBI on 'Framework for compensation to customers for delayed updation/ rectification of credit information'. This penalt...
India, Sept. 2 -- The Government of India has issued a release: While India's export journey has been marked by impressive growth, sustaining this momentum requires a more inclusive approach to development. The Districts as Export Hubs (DEH) Initiative is a framework to realise inclusive export growth, which transforms every district into a center of export planning by identifying products and services with global potential and connecting local producers to international markets. Building upon ...
India, Sept. 2 -- The Government of India has issued a release: IMF describes double deflation as the preferred method for calculating GDP in volume terms. A negative inflation in implicit deflator in manufacturing does not mean that manufacturing prices have fallen. It is important to distinguish between the price deflators of output and inputs and the implicit Gross Value Added (GVA) deflator. Year 1 Year 2 Growth Rate Gross Value of Output 1,000 Cr 1,200 Cr 20.0% Intermediate Cons...