GUWAHATI, India, Oct. 16 -- Gauhati High Court issued the following order on Sept. 16: 1. Heard Mr. K. N. Choudhury, learned Senior Counsel assisted by Mr. M. Das, learned counsel for the petitioners in WP(C) 4068/2023, WP(C) 4069/2023, WP(C) 4070/2023, WP(C) 4071/2023, WP(C) 4072/2023, WP(C) 4073/2023, WP(C) 4074/2023; Mr. B. D. Konwar, learned Senior Counsel assisted by Mr. J. Singh, learned counsel for the petitioners in WP(C) 3422/2023; G. Goswami, learned counsel for the petitioners in WP(...
MUMBAI, India, Oct. 16 -- Reserve Bank of India issued the following speech: 1. It is a pleasure to welcome all of you to this High-Level Dialogue on Forging Economic Resilience through Digital Public Platforms (DPPs). 2. Thank you for accepting our invitation to be a part of this dialogue. As key decision makers of your esteemed institutions, entrusted with safeguarding the economic heath and resilience of your respective economies, your presence amidst us today adds great value to this occas...
MUMBAI, India, Oct. 16 -- Reserve Bank of India issued the following press release: (Amount in ₹ crore, Rate in Per cent) -- > MONEY MARKETS@ -- > Money Markets@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 6,44,147.31 5.33 4.50-5.90 I. Call Money 18,944.29 5.37 4.75-5.60 II. Triparty Repo 4,22,101.80 5.32 5.15-5.65 III. Market Repo 1,99,444.67 5.35 4.50-5.90 IV. Repo in Corporate Bond 3,656.55 5.46 5.42-5.70 B. Term Segment I. Notice Money** 69.25 ...
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 ...