MUMBAI, India, Oct. 16 -- Reserve Bank of India issued the following press release: India's Digital Public Platforms (DPP) have become a powerful catalyst for inclusive growth and innovation. Foundational platforms for digital identity (Aadhaar) and real-time payments (Unified Payments Interface - UPI) have successfully demonstrated how to build resilient, cost-efficient public service delivery systems at scale. To share these learnings and explore opportunities for collaboration, a "High-Leve...
MUMBAI, India, Oct. 16 -- Reserve Bank of India issued the following press release: Government of India has announced the sale (re-issue) of Government Securities, as detailed below, through auctions to be held on October 17, 2025 (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 Primary De...
MUMBAI, India, Oct. 16 -- 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 Friday, October 17, 2025, as under: Sl. No. Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal 1 50,000 3 09:30 AM to 10:00 AM October 20, 2025 (Monday) 2. The operational guidelines for the auction will be same as given in Reserve Bank's Press Release 2021...
MUMBAI, India, Oct. 16 -- Reserve Bank of India issued the following press release: The Reserve Bank of India (RBI) has, by an order dated September 26, 2025, imposed a monetary penalty of ₹5.50 lakh (Rupees Five Lakh Fifty Thousand only) on The Ghatal Peoples Co-operative Bank Limited (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)...
MUMBAI, India, Oct. 16 -- Reserve Bank of India issued the following press release: The Reserve Bank of India (RBI) has, by an order dated September 26, 2025, imposed a monetary penalty of ₹5.50 lakh (Rupees Five Lakh Fifty Thousand only) on The Gopalganj Central Co-operative Bank Limited, Bihar (the bank) for contravention of provisions of Section 9 read with Section 56 of the Banking Regulation Act, 1949 (BR Act) and non-compliance with certain directions issued by RBI on 'Know Your Cus...
MUMBAI, India, Oct. 16 -- 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 Pune Sahakari Bank Ltd., Shivajinagar, Pune vide Directive No. CO.DOS.SED.No.S8240/12-22-493/2022-2023 dated March 09, 2023, for a period of six months. The same were modified from time to time and were last extended up to close of business on December 10, 2025. 2. After reviewing the financ...
MUMBAI, India, Oct. 16 -- Reserve Bank of India issued the following press release: The Reserve Bank of India (RBI) has, by an order dated September 26, 2025, imposed a monetary penalty of ₹10,000/- (Rupees Ten Thousand Only) on The Boudh Co-operative Central Bank Ltd., Odisha (the bank) for non-compliance with certain directions issued by RBI on 'Membership of Credit Information Companies (CICs) by Co-operative Banks'. This penalty has been imposed in exercise of powers conferred on RBI ...
MUMBAI, India, Oct. 16 -- Reserve Bank of India issued the following press release: The Reserve Bank of India (RBI) has, by an order dated September 24, 2025, imposed a monetary penalty of ₹1.40 lakh (Rupees One Lakh Forty Thousand only) on The Begusarai Central Co-operative Bank Limited, Begusarai, Bihar (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 provisio...
MUMBAI, India, Oct. 16 -- Reserve Bank of India issued the following press release: The Reserve Bank of India (RBI) has, by an order dated September 24, 2025, imposed a monetary penalty of ₹50,000/- (Rupees Fifty Thousand Only) on Sahara Housingfina Corporation Limited, West Bengal (the company) 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 52A of...
MUMBAI, India, Oct. 16 -- Reserve Bank of India issued the following press release: The Reserve Bank of India (RBI) has, by an order dated September 24, 2025, imposed a monetary penalty of ₹5 lakh (Rupees Five Lakh only) on Ranaghat People's Co-operative Bank Limited, West Bengal (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) re...