MUMBAI, India, Feb. 12 -- Reserve Bank of India issued the following press release: In terms of GOI notification F.No.4(7)-B(W&M)/2019 dated May 30, 2019 (SGB 2019-20 Series-III-Issue date August 14, 2019) 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 redemption of the above tranche shall be on February 13, 2026(February 1...
MUMBAI, India, Feb. 12 -- Reserve Bank of India issued the following press release: The Reserve Bank of India (RBI) has, by an order dated February 11, 2026, imposed a monetary penalty of ₹2 lakh (Rupees Two Lakh only) on The Berhampur Co-operative Urban Bank Limited, Odisha (the bank) for non-compliance with certain directions issued by RBI on 'Exposure Norms and Statutory/ Other Restrictions - UCBs'. This penalty has been imposed in exercise of powers conferred on RBI under the provisio...
MUMBAI, India, Feb. 12 -- Reserve Bank of India issued the following press release: Detailed instructions on matters related to engagement of recovery agents have been issued to Scheduled Commercial Banks (excluding Regional Rural Banks) and Housing Finance Companies currently. Upon a review, it has been decided to issue comprehensive instructions to all regulated entities on conduct related matters in recovery of loans and engagement of recovery agents, which inter alia cover aspects such as f...
MUMBAI, India, Feb. 12 -- Reserve Bank of India issued the following press release: The Reserve Bank of India (RBI) has, by an order dated February 09, 2026, imposed a monetary penalty of ₹3 lakh (Rupees Three Lakh only) on the Ganganagar Kendriya Sahkari Bank Limited, Rajasthan (the bank) for non-compliance with certain directions issued by RBI on 'Know Your Customer (KYC)'. This penalty has been imposed in exercise of powers conferred on RBI under the provisions of Section 47A(1)(c) rea...
MUMBAI, India, Feb. 12 -- Reserve Bank of India issued the following press release: The Reserve Bank of India (RBI) has been publishing a composite Reserve Bank of India - Digital Payments Index (RBI-DPI) since January 1, 2021 with March 2018 as base to capture the extent of digitisation of payments across the country. The index for September 2025 stands at 516.76 as against 493.22 for March 2025 which was announced on July 28, 2025. The increase in RBI-DPI index was driven by significant grow...
MUMBAI, India, Feb. 12 -- Reserve Bank of India issued the following press release: Government of India has announced the sale (issue/re-issue) of Government Securities, as detailed below, through auction to be held on February 13, 2026 (Friday). 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 Prim...
MUMBAI, India, Feb. 12 -- Reserve Bank of India issued the following press release: Reserve Bank had announced, as part of the Statement on Developmental and Regulatory Policies dated February 06, 2026 that revised guidelines on KCC are proposed to be issued consolidating those on agriculture and allied activities, with a view to expand coverage, streamline operational aspects and address emerging requirements. Accordingly, the following draft Directions are being issued for public comments. *...
MUMBAI, India, Feb. 12 -- 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) 6,71,890.43 4.68 3.80-5.85 I. Call Money 13,945.12 5.03 4.40-5.10 II. Triparty Repo 4,85,867.80 4.66 4.45-5.00 III. Market Repo 1,65,788.61 4.67 3.80-5.10 IV. Repo in Corporate Bond 6,288.90 4.81 4.65-5.85 B. Term Segment I. Notice Money** 633.60 5.05...
RANCHI, India, Feb. 11 -- Jharkhand High Court issued the following order on Jan. 12: 1. Heard, learned Senior counsel for the petitioner and learned counsel for the respondents. 2. Petitioner by filing this writ petition has prayed for quashing the order of dismissal dated 17.04.2006, by which the petitioner has been dismissed after departmental proceeding, on the ground that the charge against the petitioner stands proved. The petitioner also claims the other consequential benefits. 3. Pet...
RANCHI, India, Feb. 11 -- Jharkhand High Court issued the following order on Jan. 12: 1. It has been submitted by the learned counsel for the petitioner that the present writ petition has become infructuous and he has instruction from the client not to pursue the present writ petition. 2. Learned counsel for the State has raised no objection. 3. Accordingly the present writ petition is, hereby, dismissed as infructuous. 4. Pending interlocutory application, if any, stands disposed of. Di...