MUMBAI, India, Aug. 13 -- 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 Thursday, August 14, 2025, as under: Sl. No. Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal 1 2,00,000 8 9:30 AM to 10:00 AM August 22, 2025 (Friday) 2. The operational guidelines for the auction as given in the Reserve Bank's Press Release...
MUMBAI, India, Aug. 13 -- Reserve Bank of India issued the following press release: In pursuance to the announcement made in the Statement on Developmental and Regulatory Policies released along with the Monetary Policy Statement dated December 06, 2024, the Reserve Bank of India had set up the committee to develop a Framework for Responsible and Ethical Enablement of Artificial Intelligence (FREE-AI) in the Financial Sector on December 26, 2024. 2. The Committee, after extensive deliberations...
MUMBAI, India, Aug. 13 -- 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 next due date of premature redemption of the above tranche shall be on August 14, 2025. 2. ...
MUMBAI, India, Aug. 13 -- Reserve Bank of India issued the following press release: The Reserve Bank has today released data on Reserve Money for the week ended August 08, 2025. Ajit Prasad Deputy General Manager (Communications) Press Release: 2025-2026/900 Disclaimer: Curated by HT Syndication....
MUMBAI, India, Aug. 13 -- Reserve Bank of India issued the following press release: The Certificate of Registration issued to the following Non-Banking Financial Companies (NBFC) has been restored after considering the orders passed by the Appellate Authority/Courts. The NBFCs are advised to adhere to the applicable provisions of the RBI Act, 1934, and guidelines/directions issued by the RBI including reporting requirements. Sr. No Name of the Company Registered Office Address CoR No. CoR rest...
MUMBAI, India, Aug. 13 -- Reserve Bank of India issued the following press release: The Reserve Bank of India, in exercise of powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934, has cancelled the Certificate of Registration of the following companies. Sr. No. Name of the Company Registered Office Address CoR No. CoR Issued On Cancellation Order Date 1 Wadhawan Global Capital Limited Ground Floor, Madhava Building, Near Family Court, Bandra-Kurla Complex, Band...
MUMBAI, India, Aug. 13 -- Reserve Bank of India issued the following press release: The following 10 Non-Banking Financial Companies (NBFC) have surrendered the Certificate of Registration (CoR) granted to them by the Reserve Bank of India (RBI). The RBI, in exercise of powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934, has therefore cancelled their CoR. i) Cancellation of CoR due to exit from Non-Banking Financial Institution (NBFI) business Sr. No. Name o...
MUMBAI, India, Aug. 13 -- 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 auctions to be held on August 14, 2025 (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 P...
RANCHI, India, Aug. 12 -- Jharkhand High Court issued the following order on July 14: 1) Counsel for the petitioners seeks to withdraw these writ petitions. 2) He is permitted to do so. 3) Accordingly, all these writ petitions are dismissed as withdrawn. Disclaimer: Curated by HT Syndication....
RANCHI, India, Aug. 12 -- Jharkhand High Court issued the following order on July 14: 1) Counsel for the petitioners seeks to withdraw these writ petitions. 2) He is permitted to do so. 3) Accordingly, all these writ petitions are dismissed as withdrawn. Disclaimer: Curated by HT Syndication....