MUMBAI, India, April 1 -- 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 Bhavani Sahakari Bank Ltd., Mumbai vide Directive No. CO.DOS.SED.No.S2770/12-22-023/2025-2026 dated July 03, 2025 for a period of six months up to close of business on January 04, 2026, which was last extended up to close of business on April 04, 2026, vide Directive No. DOR.MON/D-46/12-2...
MUMBAI, India, April 1 -- Reserve Bank of India issued the following press release: Analysis of the performance under the Citizen's Charter during the month of March 2026 has been carried out, and the summary thereof is given below - Description No. of Applications A Applications pending at the beginning of the month 3,195 B Applications received during the month 22,243 C Referred back to applicants for additional information 527 Total (A+B-C) 24,911 D Applications processed during the month ...
MUMBAI, India, April 1 -- Reserve Bank of India issued the following press release: The Reserve Bank of India (RBI) has, by an order dated March 27, 2026, imposed a monetary penalty of ₹10.30 lakh (Rupees Ten Lakh Thirty Thousand only) on Exclusive Capital Limited (the company) for non-compliance with certain directions issued by RBI on 'Leverage Ratio', 'Filing of Supervisory returns' and 'Submission of the balance sheet'. This penalty has been imposed in exercise of powers conferred on ...
MUMBAI, India, April 1 -- 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 Innovative Co-operative Urban Bank Limited, Delhi vide Directive No. DEL.DOS.EXG_SSM.No.S143/12-10-005/2025-2026 dated July 03, 2025 for a period of six months up to close of business on January 04, 2026, which was extended up to close of business on April 04, 2026 vide Directive No. DOR.MON....
MUMBAI, India, April 1 -- Reserve Bank of India issued the following press release: Government of India has announced the sale (re-issue) of Government Securities, as detailed below, through auction to be held on April 02, 2026 (Thursday). As per the extant scheme of underwriting commitment notified on November 14, 2007, the amounts of Minimum Underwriting Commitment (MUC) and the minimum bidding commitment under Additional Competitive Underwriting (ACU) auction, applicable to each Primary Dea...
NEW DELHI, April 1 -- The Government of India issued the following FEMA circular: RBI/2026-27/04 A.P. (DIR Series) Circular No. 03 April 01, 2026 To, All Authorised Dealers Madam/Sir, Risk Management and Inter-Bank Dealings Attention of Authorised Dealers is invited to the A.P. (DIR Series) Circular No. 24 dated March 27, 2026 and the Master Direction - Risk Management and Inter-Bank Dealings dated July 05, 2016, as amended from time to time. 2. On a review of evolving market conditions...
NEW DELHI, April 1 -- The Government of India issued the following FEMA circular: RBI/2026-27/03 A.P. (DIR Series) Circular No. 02 April 01, 2026 All Authorised Dealer Category I Banks Madam / Sir, Overseas Investment - Submission of References to the Reserve Bank As you are aware, references pertaining to Overseas Investment received from Persons Resident in India through AD banks are currently processed centrally at Foreign Exchange Department, Central Office of the Reserve Bank. It has...
NEW DELHI, April 1 -- The Government of India issued the following FEMA circular: RBI/2026-27/02 A.P. (DIR Series) Circular No. 01 April 01, 2026 All Authorised Persons Madam / Sir, Reporting under Foreign Exchange Management Act, 1999 - Returns pertaining to Foreign Exchange Management (Guarantees) Regulations, 2026 Attention of Authorised Persons is invited to Foreign Exchange Management (Guarantees) Regulations, 2026 [FEMA 8 (R)] and Master Direction - Reporting under Foreign Exchange...
MUMBAI, India, April 1 -- Reserve Bank of India issued the following notification: RBI/DCM/2026-27/395 DCM (NE) No.G-2/08.07.18/2026-27 April 01, 2026 The Chairman/ Managing Director/ Chief Executive Officer All Banks Madam/ Dear Sir, Master Direction - Facility for Exchange of Notes and Coins In exercise of the powers conferred under Section 35A of the Banking Regulation Act, 1949, read with sections 28, 38, 39, 58(1) and 58(2)(q) of the Reserve Bank of India Act, 1934, Reserve Bank of ...
MUMBAI, India, April 1 -- Reserve Bank of India issued the following notification: RBI/DCM/2026-27/394 DCM (FNVD)/G-1/16.01.05/2026-27 April 01, 2026 The Chairman/ Managing Director/ Chief Executive Officer All Banks Madam / Dear Sir, Master Direction on Counterfeit Notes - Detection, Reporting and Monitoring In exercise of powers conferred under Section 35A and Section 56 of the Banking Regulation Act, 1949, Reserve Bank of India (RBI), from time-to-time issues guidelines/ instructions/...