MUMBAI, India, April 27 -- Reserve Bank of India issued the following notification: RBI/2026-27/18 DOR.STR.REC.27/21-04-048/2026-27 April 27, 2026 Reserve Bank of India (Rural Co-operative Banks- Undertaking of Financial Services) - Amendment Directions, 2026 Please refer to Reserve Bank of India (Rural Co-operative Banks - Undertaking of Financial Services) Directions, 2025 (hereinafter referred to as 'the Directions'). 2. On a review, and in exercise of the powers conferred by the secti...
MUMBAI, India, April 27 -- Reserve Bank of India issued the following press release: Government of India (GoI) has announced the sale (re-issue) of two dated securities for a notified amount of ₹29,000 crore as per the following details: Sr No Security Date of Repayment Notified Amount (₹ Crore) GoI specific Notification Auction Date Settlement Date 1 6.68% GS 2040 Jul 07, 2040 17,000 F.No.4(1)-B(W&M)/2026 dated April 27, 2026 April 30, 2026 (Thursday) May 04, 2026 (Monday) 2 7...
MUMBAI, India, April 27 -- 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 Lokapavani Mahila Sahakari Bank Niyamitha, Mandya vide Directive No. BLR.DOS.SSMS.No.S628/09-01-242/2025-2026 dated July 29, 2025, for a period of six months up to close of business on January 30, 2026. The Reserve Bank of India is satisfied that in the public interest, it is necessary to fu...
MUMBAI, India, April 27 -- Reserve Bank of India issued the following press release: The Reserve Bank of India (RBI) has, by an order dated April 24, 2026, imposed a monetary penalty of ₹3.30 lakh (Rupees Three Lakh Thirty Thousand only) on Janakalyan Sahakari Bank Limited, Mumbai (the bank), for non-compliance with certain directions issued by RBI on 'Exposure Ceiling to Group Borrowers'. This penalty has been imposed in exercise of powers conferred on RBI under the provisions of Section...
MUMBAI, India, April 27 -- Reserve Bank of India issued the following press release: The Reserve Bank of India had issued the draft directions on 'Reporting Instructions for Authorised Dealer Category-I Banks' on February 16, 2026, seeking feedback from market participants, stakeholders and other interested parties. With a view to enhance transparency in the foreign exchange market, the directions require Authorised Dealer Category-I banks to report foreign exchange derivative transactions invo...
MUMBAI, India, April 27 -- Reserve Bank of India issued the following press release: The Reserve Bank had, on October 07, 2025, issued the Draft Reserve Bank of India (Scheduled Commercial Banks - Capital Charge for Credit Risk - Standardised Approach) Directions, 2025 seeking feedback from stakeholders. The draft Directions proposed amendments to the existing standardised approach framework for calculating the capital charge for credit risk with the objective of enhancing its robustness, granu...
NEW DELHI, April 27 -- The Government of India issued the following FEMA circular: RBI/2026-27/38 A.P. (DIR Series) Circular No. 08 April 27, 2026 To All Authorised Dealer Category-I Banks Madam / Sir, Reporting instructions for Authorised Dealer Category-I Banks Please refer to the Master Direction - Risk Management and Inter-Bank Dealings dated July 5, 2016, as amended from time to time, in terms of which Authorised Dealer Category-I (AD Cat-I) banks are required to report all over-th...
SHILLONG, India, April 26 -- Meghalaya High Court issued the following judgment/order on March 26: 1. This application has been filed under Order 3 of the High Court of Meghalaya (Jurisdiction over District Council Courts) Order, 2014. 2. The brief facts are that the appellant as plaintiff had instituted a Title Suit No. 13 of 2024 before the District Council Court for declaration of right, title and interest over the Suit land mentioned therein along with other reliefs. A Misc. Case being No...
SHILLONG, India, April 26 -- Meghalaya High Court issued the following judgment/order on March 26: 1. The petitioner No. 1, a registered Association of Wine Dealers represented by the petitioner No. 2 are before this Court challenging the notification dated 12-09-2025 framed under the Meghalaya Excise (Amendment) Rules, 2024 to introduce the implementation of the Integrated Excise Management System (IEMS) cum track and trace solution for the Excise Department. This system involves the affixing ...
SHILLONG, India, April 26 -- Meghalaya High Court issued the following judgment/order on March 26: On prayer made by Ms. R. Dutta, learned counsel appearing for the petitioner, not objected to by the learned Addl. Sr. GA, appearing for Staterespondents, list this matter after 1 (one) week. Disclaimer: Curated by HT Syndication....