India, Sept. 27 -- The Government of India has issued a release: The Prime Minister Shri Narendra Modi today shared an article highlighting how BSNL's 4G stack embodies the swadeshi spirit. Responding to a post by Union Minister Shri Jyotiraditya M Scindia on X, Shri Modi said: "Union Minister Shri @JM_Scindia highlights how @BSNLCorporate's 4G stack embodies the swadeshi spirit. With over 92,000 sites connecting 22 million Indians, it reflects India's journey from dependence to confidence, d...
MUMBAI, India, Sept. 29 -- Reserve Bank of India issued the following press release: On a review of current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Repo (VRR) auction on Tuesday, September 30, 2025, as under: Sl. No. Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal 1 2,00,000 1 9:30 AM to 10:00 AM October 01, 2025 (Wednesday) 2. The operational guidelines for the auction will be same as given in Reserve Bank's Press Rele...
MUMBAI, India, Sept. 29 -- Reserve Bank of India issued the following press release: Government of India (GoI) has announced the sale (issue) of one dated security for a notified amount of ₹32,000 crore as per the following details: Sr No Security Date of Repayment Notified Amount (₹ Crore) GoI specific Notification Auction Date Settlement Date 1 New GS 2035 October 06, 2035 32,000 F.No.4(1)-B(W&M)/2025 dated September 29, 2025 October 03, 2025 (Friday) October 06, 2025 (Monda...
MUMBAI, India, Sept. 29 -- Reserve Bank of India issued the following press release: The Reserve Bank of India (RBl) has imposed, by an order dated September 25, 2025, a monetary penalty of ₹2.25 lakh (Rupees Two Lakh Twenty Five Thousand only) on Beed District Central Co-operative Bank Ltd., Maharashtra (the bank) for contravention of provisions of Section 26A read with Section 56 of the Banking Regulation Act, 1949 (BR Act) and non-compliance with certain directions issued by RBI on 'Me...
MUMBAI, India, Sept. 29 -- Reserve Bank of India issued the following press release: The Reserve Bank of India (RBl) has, by an order dated September 25, 2025, imposed a monetary penalty of ₹1 lakh (Rupees One Lakh only) on The Panchsheel Mercantile Co-operative Bank Limited, Dist. Surat, Gujarat (the bank) for non-compliance with certain directions issued by RBI on 'Customer Protection - Limiting Liability of Customers of Co-operative Banks in Unauthorised Electronic Banking Transactions...
MUMBAI, India, Sept. 29 -- Reserve Bank of India issued the following press release: The Reserve Bank of India (RBI) has, by an order dated September 25, 2025, imposed a monetary penalty of ₹1 lakh (Rupees One Lakh only) on The Sultan's Battery Co-operative Urban Bank Limited, Wayanad, Kerala (the bank) for non-compliance with certain directions issued by RBI on 'Loans and advances to directors, their relatives, and firms /concerns in which they are interested'. This penalty has been impo...
MUMBAI, India, Sept. 29 -- Reserve Bank of India issued the following press release: The Reserve Bank of India (RBI) has, by an order dated September 25, 2025, imposed a monetary penalty of ₹50,000/- (Rupees Fifty Thousand only) on The Nilambur Co-operative Urban Bank Limited, Kerala (the bank) for non-compliance with certain directions issued by RBI on 'Co-operative Banks - Interest Rate on Deposits'. This penalty has been imposed in exercise of powers conferred on RBI under the provisio...
MUMBAI, India, Sept. 29 -- Reserve Bank of India issued the following press release: The Reserve Bank of India (RBI) has, by an order dated September 25, 2025, imposed a monetary penalty of ₹1 lakh (Rupees One Lakh only) on Kamaraj Co-operative Town Bank Ltd., Tamil Nadu (the bank) for non-compliance with specific directions issued by RBI under 'Supervisory Action Framework (SAF)'. This penalty has been imposed in exercise of powers conferred on RBI under the provisions of Section 47A(1)(...
MUMBAI, India, Sept. 29 -- Reserve Bank of India issued the following press release: (Amount in ₹ crore, Rate in Per cent) MONEY MARKETS@ -- > Money Markets@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 0.00 - - I. Call Money 0.00 - - II. Triparty Repo 0.00 - - III. Market Repo 0.00 - - IV. Repo in Corporate Bond 0.00 - - B. Term Segment I. Notice Money** 0.00 - - II. Term Money@@ 0.00 - - III. Triparty Repo 0.00 - - IV. Market Repo 0.00 - - V. Repo...
MUMBAI, India, Sept. 29 -- Reserve Bank of India issued the following press release: (Amount in ₹ crore, Rate in Per cent) MONEY MARKETS@ -- > Money Markets@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 0.00 - - I. Call Money 0.00 - - II. Triparty Repo 0.00 - - III. Market Repo 0.00 - - IV. Repo in Corporate Bond 0.00 - - B. Term Segment I. Notice Money** 0.00 - - II. Term Money@@ 0.00 - - III. Triparty Repo 0.00 - - IV. Market Repo 0.00 - - V. Repo...