MUMBAI, India, June 12 -- 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 ₹21,600 Crore (Face Value). Sr. No. State/UT Amount to be raised (₹ Crore) Tenor (Year) Type of Auction 1. Andhra Pradesh 1000 06 Yield 1800 Re-issue of 7.79% Andhra Pradesh SGS 2042, issued on April 22, 2026 Price 1800 Re-issue of 7.81% Andhra Pradesh SGS 2056, issued on April 22, 2026 Price 2...
MUMBAI, India, June 12 -- Reserve Bank of India issued the following press release: It is hereby notified for information of the public that in exercise of powers vested in it under sub section (1) of Section 35 A read with Section 56 of the Banking Regulation Act, 1949, the Reserve Bank of India (RBI) vide Directive Ref. No. CO.DOS.SED.No.1887/12-22-144/2026-2027 dated June 11, 2026, has issued certain Directions to Mogaveera Co-operative Bank Ltd., Bombay, ("the bank"), whereby, as from the c...
MUMBAI, India, June 12 -- 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 Monday, June 15, 2026, as under: Sl. No. Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal 1 75,000 1 9:30 AM to 10:00 AM June 16, 2026 (Tuesday) 2. The operational guidelines for the auction will be same as given in Reserve Bank's Press Release 2021-2022/1...
MUMBAI, India, June 12 -- Reserve Bank of India issued the following press release: The Reserve Bank of India (RBI) has, by an order dated June 05, 2026, imposed a monetary penalty of ₹70,000/- (Rupees Seventy thousand only) on Repco Home Finance Limited (the company) for non-compliance with certain directions issued by RBI on 'Fair Practice Code'. This penalty has been imposed in exercise of powers conferred on RBI under the provisions of section 52A of the National Housing Bank Act, 198...
MUMBAI, India, June 12 -- Reserve Bank of India issued the following press release: The Reserve Bank of India (RBI) has, by an order dated June 5, 2026, imposed a monetary penalty of ₹3.10 lakh (Rupees Three Lakh Ten Thousand only) on True Credits Private Limited (the company) for non-compliance with certain provisions of the 'Reserve Bank of India (Know Your Customer (KYC)) Directions' issued by RBI. This penalty has been imposed in exercise of powers conferred on RBI under section 58G(1...
MUMBAI, India, June 12 -- Reserve Bank of India issued the following press release: The Reserve Bank of India (RBI) has, by an order dated June 5, 2026, imposed a monetary penalty of ₹3.90 lakh (Rupees Three Lakh Ninety Thousand only) on IIFL Samasta Finance Limited (the company) for non-compliance with certain provisions of 'Reserve Bank of India (Know Your Customer (KYC)) Directions' and 'Reserve Bank of India (Fraud Risk Management in NBFCs) Directions'. This penalty has been imposed i...
MUMBAI, India, June 12 -- Reserve Bank of India issued the following press release: In the underwriting auction conducted on June 12, 2026, for Additional Competitive Underwriting (ACU) of the undernoted Government securities, the Reserve Bank of India has set the cut-off rate for underwriting commission payable to Primary Dealers as given below: Nomenclature of the Security Notified Amount (₹ crore) Minimum Underwriting Commitment (MUC) Amount (₹ crore) Additional Competitive Un...
MUMBAI, India, June 12 -- 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) 7,23,737.09 5.14 1.00-5.40 I. Call Money 16,981.69 5.27 4.60-5.40 II. Triparty Repo 5,15,214.50 5.13 4.56-5.20 III. Market Repo 1,84,830.60 5.16 1.00-5.35 IV. Repo in Corporate Bond 6,710.30 5.28 5.25-5.40 B. Term Segment I. Notice Money** 257.60 5.28...
India, June 10 -- The Government of India has issued a release: As a remarkable step towards sustainable, assured, and citizen-centric rural drinking water supply across India, reform-linked Memoranda of Understanding (MoUs) were signed today under Jal Jeevan Mission (JJM) 2.0 with two States (Manipur and Bihar). The reform‑linked MoU mandates a Gram Panchayat‑led, service‑based and community‑centred model of rural water governance, aligned with the objectives of Jal Je...
India, June 10 -- The Government of India has issued a release: Prime Minister Shri Narendra Modi's vision and leadership over the past twelve years have transformed India into a global clean energy leader and accelerated the country's journey towards Viksit Bharat, Union Minister for New and Renewable Energy and Consumer Affairs, Food and Public Distribution Shri Pralhad Venkatesh Joshi said here today. He said India has moved from discussing renewable energy potential to delivering measurable...