MUMBAI, India, Dec. 19 -- Reserve Bank of India issued the following press release: The Reserve Bank of India (RBI) has, by an order dated December 11, 2025, imposed a monetary penalty of ₹61.95 lakh (Rupees Sixty One Lakh Ninety Five Thousand only) on Kotak Mahindra Bank Limited (the bank) for non-compliance with certain directions issued by RBI on 'Access to Banking Services - Basic Savings Bank Deposit Account' and 'Scope of activities to be undertaken of Business Correspondents (BCs)'...
MUMBAI, India, Dec. 19 -- Reserve Bank of India issued the following press release: The following State Governments have offered to sell stock by way of auction, for an aggregate amount of ₹33,220 Crore (Face Value) Sr. No. State/UT Amount to be raised (₹ Crore) Additional Borrowing (Greenshoe) Option (₹ Crore) Tenor (Year) Type of Auction 1. Bihar 1500 - 08 Yield 2. Gujarat 1500 - 05 Yield 1000 500 06 Yield 3. Haryana 1000 - Re-issue of 8.62% Haryana SDL 2028, issued on S...
MUMBAI, India, Dec. 19 -- Reserve Bank of India issued the following press release: [Under Section 45ZL of the Reserve Bank of India Act, 1934] The fifty-eighth meeting of the Monetary Policy Committee (MPC), constituted under Section 45ZB of the Reserve Bank of India Act, 1934, was held during December 3 to 5, 2025. 2. The meeting was chaired by Shri Sanjay Malhotra, Governor and was attended by all the members - Dr. Nagesh Kumar, Director and Chief Executive, Institute for Studies in Indust...
MUMBAI, India, Dec. 19 -- Reserve Bank of India issued the following press release: The 620th meeting of the Central Board of Directors of Reserve Bank of India was held today in Hyderabad under the Chairmanship of Shri Sanjay Malhotra, Governor. The Board discussed global and domestic economic situation and associated challenges. It approved the risk-based deposit insurance framework for banks. The Board also reviewed the activities of select Central Office Departments and the draft Report on...
MUMBAI, India, Dec. 19 -- Reserve Bank of India issued the following press release: In the underwriting auction conducted on December 19, 2025, for Additional Competitive Underwriting (ACU) of the undernoted Government securities, the Reserve Bank of India has set the cut-off rates for underwriting commission payable to Primary Dealers as given below: Nomenclature of the Security Notified Amount (₹ crore) Minimum Underwriting Commitment (MUC) Amount (₹ crore) Additional Competiti...
MUMBAI, India, Dec. 19 -- 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) 6,89,026.83 5.06 0.01-6.40 I. Call Money 16,291.54 5.36 4.50-5.50 II. Triparty Repo 4,77,284.75 5.15 4.80-5.87 III. Market Repo 1,93,038.24 4.82 0.01-5.55 IV. Repo in Corporate Bond 2,412.30 5.50 5.45-6.40 B. Term Segment I. Notice Money** 161.50 5.23...