MUMBAI, India, June 6 -- Reserve Bank of India issued the following press release: As announced in the Reserve Bank's Press Release: 2024-2025/2464 dated March 26, 2025, the next meeting of the Monetary Policy Committee (MPC) during the financial year 2025-26 was scheduled during August 5 - 7, 2025. Due to administrative exigencies, the MPC meeting has been rescheduled to August 4 - 6, 2025. This announcement is made under Section 45ZI(4) of the Reserve Bank of India Act, 1934. (Puneet Pancho...
MUMBAI, India, June 6 -- Reserve Bank of India issued the following press release: The Reserve Bank has completed the examination of the application of Annapurna Finance Private Limited for setting-up a universal bank. Based on the assessment of the application as per the procedure laid down under extant guidelines, the applicant was not found suitable for granting of in-principle approval to set up a universal bank. (Puneet Pancholy) Chief General Manager Press Release: 2025-2026/500 Discl...
MUMBAI, India, June 6 -- Reserve Bank of India issued the following press release: Auction Results 6.92% GS 2039 6.90% GS 2065 I. Notified Amount ₹16,000 crore ₹16,000 crore II. Underwriting Notified Amount ₹16,000 crore ₹16,000 crore III. Competitive Bids Received (i) Number 230 240 (ii) Amount ₹33067.500 Crore ₹37586 Crore IV. Cut-off price / Yield 103.85 99.33 (YTM: 6.5043%) (YTM: 6.9489%) V. Competitive Bids Accepted (i) Number 154 95 (ii) Amount S...
MUMBAI, India, June 6 -- 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 Amanath Co-operative Bank Ltd., Bangalore vide Directive No. CO.DOS.SED.No.S1931/12.23.001/2024-2025 dated June 12, 2024 for a period of six months upto December 12, 2024 as modified from time to time, which were last extended upto June 12, 2025 vide Directive No. DOR.MON/D-104/12.23.001/2...
MUMBAI, India, June 6 -- Reserve Bank of India issued the following press release: Tenor 3-day Notified Amount (in ₹ crore) 25,000 Total amount of bids received (in ₹ crore) 3,550 Amount allotted (in ₹ crore) 3,550 Cut off Rate (%) 5.51 Weighted Average Rate (%) 5.51 Partial Allotment Percentage of bids received at cut off rate (%) NA Ajit Prasad Deputy General Manager (Communications) Press Release: 2025-2026/492 Disclaimer: Curated by HT Syndication....
MUMBAI, India, June 6 -- Reserve Bank of India issued the following press release: In the underwriting auction conducted on June 06, 2025, for Additional Competitive Underwriting (ACU) of the undernoted Government securities, the Reserve Bank of India has set the cut-off rates for underwriting commission payable to Primary Dealers as given below: Nomenclature of the Security Notified Amount (₹ crore) Minimum Underwriting Commitment (MUC) Amount (₹ crore) Additional Competitive Un...
MUMBAI, India, June 6 -- Reserve Bank of India issued the following press release: The 55th meeting of the Monetary Policy Committee (MPC) was held in the backdrop of an early and promising start of the monsoon season, which is of vital significance for the Indian economy. In contrast, the global backdrop remains fragile and highly fluid. The uncertainty around the global economic outlook has somewhat ebbed since the MPC met in April in the wake of temporary tariff reprieve and optimism around ...
MUMBAI, India, June 6 -- Reserve Bank of India issued the following press release: Monetary Policy Decisions The Monetary Policy Committee (MPC) held its 55th meeting from June 4 to 6, 2025 under the chairmanship of Shri Sanjay Malhotra, Governor, Reserve Bank of India. The MPC members Dr. Nagesh Kumar, Shri Saugata Bhattacharya, Prof. Ram Singh, Dr. Poonam Gupta and Dr. Rajiv Ranjan attended the meeting. 2. After assessing the current and evolving macroeconomic situation, the MPC voted to re...
MUMBAI, India, June 6 -- Reserve Bank of India issued the following press release: (Amount in ₹ crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 5,75,133.57 5.67 4.00-6.90 I. Call Money 14,807.06 5.76 4.85-5.85 II. Triparty Repo 3,79,237.90 5.66 5.55-5.75 III. Market Repo 1,79,788.41 5.71 4.00-5.90 IV. Repo in Corporate Bond 1,300.20 5.92 5.81-6.90 B. Term Segment I. Notice Money** 98.30 5.63 5.45-5.70 II. Ter...
GANGTOK, India, June 5 -- Sikkim High Court issued the following judgment/order on May 30: 1. The instant Criminal Appeal arose in respect of a judgment and order dated 29th November, 2023, rendered by the learned Special Judge (POCSO Act, 2012), Gangtok, Sikkim in S.T. (POCSO) Case No. 51 of 2021, whereby the appellant, Bickey Pariyar alias Darjee, was convicted of an offence committed under section 4(2) of the Protection of Children from Sexual Offences Act, 2012 (for short, the POCSO Act, 20...