MUMBAI, India, June 15 -- Reserve Bank of India issued the following press release: In terms of GOI notification F.No.4(4)-B(W&M)/2020 dated April 13, 2020 (SGB 2020-21 Series-III-Issue date June 16, 2020) 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 June 16, 2026. 2. Furt...
MUMBAI, India, June 15 -- Reserve Bank of India issued the following press release: As announced in the Statement on Developmental and Regulatory Policies dated February 6, 2026, the Reserve Bank had issued the draft Reserve Bank of India (Responsible Business Conduct) Amendment Directions, 2026 on February 11, 2026 for seeking feedback from stakeholders. The draft Amendment Directions proposed to have comprehensive instructions on advertising, marketing and sale of financial products and servi...
MUMBAI, India, June 15 -- Reserve Bank of India issued the following press release: The Reserve Bank of India (RBI) has, by an order dated June 11, 2026, imposed a monetary penalty of ₹5 lakh (Rupees Five Lakh only) on Mahila Co-operative Bank Ltd., Bangalore, Karnataka (the bank) for non-compliance with certain directions issued by RBI on 'Loans and advances to directors, their relatives, and firms / concerns in which they are interested'. This penalty has been imposed in exercise of pow...
MUMBAI, India, June 15 -- Reserve Bank of India issued the following press release: On a review of current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Repo (VRR) auction on Tuesday, June 16, 2026, as under: Sl. No. Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal 1 1,50,000 7 09:30 AM to 10:00 AM June 23, 2026 (Tuesday) 2. The operational guidelines for the auction will be same as given in Reserve Bank's Press Release 2021-202...
MUMBAI, India, June 15 -- Reserve Bank of India issued the following press release: Under the statutory powers conferred upon it by Payment and Settlement Systems Act, 2007 (PSS Act), RBI had issued various directions for operation of a Payment System. Today, RBI has issued Master Directions on Authorisation to operate a Payment System which consolidates instructions issued through following circulars/ guidelines, and comes into effect immediately: * Computation of Net-worth dated January 16...
NEW DELHI, June 15 -- The Government of India issued the following FEMA circular: RBI/2026-27/114 A.P. (DIR Series) Circular No. 14 June 15, 2026 To All Category - I Authorised Dealer Banks Madam / Sir Liberalisation of Foreign Portfolio Investment under Schedule III of the Foreign Exchange Management (Non-debt Instruments) Rules, 2019 Attention of Authorised Dealer (AD) Category - I banks is invited to the Foreign Exchange Management (Non-debt Instruments) Rules, 2019 (hereinafter refer...
MUMBAI, India, June 15 -- Reserve Bank of India issued the following notification: RBI/DoR/2026-27/128 DOR.RAUG.AUT.REC.No.107/24.01.041/2026-27 June 15, 2026 Reserve Bank of India (Regional Rural Banks - Undertaking of Financial Services) Second Amendment Directions, 2026 In exercise of the powers conferred by Section 35A of the Banking Regulation Act, 1949, the Reserve Bank being satisfied that it is necessary and expedient in the public interest to do so, hereby, amends the directions is...
MUMBAI, India, June 15 -- Reserve Bank of India issued the following notification: RBI/2026-27/124 DOR.MCS.REC.No.103/01-01-039/2026-27 June 15, 2026 Reserve Bank of India (Housing Finance Companies) Second Amendment Directions, 2026 Reserve Bank had earlier issued instructions on 'Advertising, Marketing and Sales' to Housing Finance Companies (HFCs) under Chapter-X on 'Fair Practices Code' in Reserve Bank of India (Housing Finance Companies) Directions, 2025. The extant instructions have ...
MUMBAI, India, June 15 -- 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 Valsad Mahila Nagrik Sahakari Bank Ltd., Valsad, Gujarat vide Directive No.AMD.DOS.SSM.No.S831/11-03-153/2025-2026 dated December 17, 2025, for a period of six months up to close of business on June 18, 2026. The Reserve Bank of India is satisfied that in the public interest, it is necess...
MUMBAI, India, June 15 -- Reserve Bank of India issued the following press release: A. Source Security 6.79% GS 2027 6.64% GS 2027 8.60% GS 2028 7.37% GS 2028 B. Notified Amount (in ₹ crore) 4,000 4,000 3,000 4,000 Destination Security 7.50% GS 2034 6.67% GS 2035 6.22% GS 2035 6.92% GS 2039 C. i. No. of offers received 13 4 17 22 ii. Total amount of Source Security offered (Face value, in ₹ crore) 6,075.966 4,437.714 4,336.032 5,390.296 iii. No. of offers accepted 4 1 2 21 iv. Total...