MUMBAI, India, Aug. 25 -- Reserve Bank of India issued the following press release: The Reserve Bank of India (RBl) has, by an order dated August 21, 2025, imposed a monetary penalty of ₹2 lakh (Rupees Two Lakh only) on The Anand Mercantile Co-operative Bank Ltd., Anand, Gujarat (the bank) for non-compliance with certain directions issued by RBI on 'Guidelines for Managing Risk in Outsourcing of Financial Services by Co-operative Banks' and 'Know Your Customer (KYC)'. This penalty has bee...
MUMBAI, India, Aug. 25 -- Reserve Bank of India issued the following press release: The Reserve Bank of India (RBI) has, by an order dated August 19, 2025, imposed a monetary penalty of ₹1.50 lakh (Rupees One Lakh Fifty Thousand only) on The Bellary District Co-operative Central Bank Limited, Karnataka (the bank) for contravention of provisions of Sections 19 and 20 read with Section 56 of the Banking Regulation Act, 1949 (BR Act). This penalty has been imposed in exercise of powers confe...
MUMBAI, India, Aug. 25 -- Reserve Bank of India issued the following press release: The Reserve Bank of India (RBI) has, by an order August 19, 2025, imposed a monetary penalty of ₹1 lakh (Rupees One Lakh only) on The Dharmapuri District Central Co-operative Bank Ltd., Tamil Nadu (the bank) for contravention of provisions of Section 20 read with Section 56 of the Banking Regulation Act, 1949 (BR Act). This penalty has been imposed in exercise of powers conferred on RBI under the provision...
MUMBAI, India, Aug. 25 -- Reserve Bank of India issued the following press release: The Reserve Bank of India (RBI) has, by an order dated August 19, 2025, imposed a monetary penalty of ₹50,000/- (Rupees Fifty Thousand only) on The Kalaburagi and Yadgir District Co-operative Central Bank Limited, Karnataka (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 provisi...
MUMBAI, India, Aug. 25 -- Reserve Bank of India issued the following press release: The Reserve Bank of India (RBI) has, by an order dated August 19, 2025, imposed a monetary penalty of ₹50,000 (Rupees Fifty Thousand only) on The Bharat Co-operative Bank Limited, Bengaluru, Karnataka (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 Se...
MUMBAI, India, Aug. 25 -- Reserve Bank of India issued the following press release: Today, the Reserve Bank released the data on performance of the private corporate sector during the first quarter of 2025-26, drawn from abridged quarterly financial results of 3,079 listed non-government non-financial companies. This summary position also includes comparable data for Q4:2024-25 and Q1:2024-25 to enable study of sequential (q-o-q) and annual (y-o-y) change (web-link https://data.rbi.org.in/DBIE/...
MUMBAI, India, Aug. 25 -- Reserve Bank of India issued the following press release: The Reserve Bank of India has been regularly conducting Rural Consumer Confidence Survey (RCCS). The September 2025 round of the survey is being launched. The survey collects current perceptions and one year ahead expectations of households on general economic situation, employment scenario, overall price situation, own income and spending from the households residing in the rural and semi-urban areas across 31 ...
MUMBAI, India, Aug. 25 -- Reserve Bank of India issued the following press release: The Reserve Bank of India has been regularly conducting Urban Consumer Confidence Survey (UCCS). The September 2025 round of the survey is being launched. The survey seeks qualitative responses from households, regarding their sentiments on general economic situation, employment scenario, price level, households' income and spending. The survey is conducted regularly in 19 cities, viz., Ahmedabad, Bengaluru, Bho...
India, Aug. 24 -- The Government of India issued the following news release: The Prime Minister, Shri Narendra Modi has extended warm greetings on the sacred occasion of the Parkash Purab of Sri Guru Granth Sahib Ji. The Prime Minister said the timeless teachings of the Sri Guru Granth Sahib Ji continue to illuminate lives across the world, reminding us of the values of compassion, humility and service. He added that these teachings inspire humanity to strengthen the spirit of unity and harmon...
India, Aug. 24 -- The Government of India issued the following news release: Prime Minister Shri Narendra Modi will visit Gujarat on 25th - 26th August. He will inaugurate, lay the foundation stone and dedicate to the nation multiple development projects worth Rs 5,400 crores at Khodaldham ground, Ahmedabad at around 6 PM on 25th August. He will also address a public function. On 26th August, at around 10:30 AM, Prime Minister will inaugurate localized production of hybrid battery electrodes a...