MUMBAI, India, Aug. 7 -- Reserve Bank of India issued the following press release: The Reserve Bank of India (RBI) has, by an order dated August 03, 2026, imposed a monetary penalty of ₹5.40 lakh (Rupees Five lakh forty thousand only) on Infinity Fincorp Solutions Private Limited (the company) for non-compliance with certain provisions of the 'Reserve Bank of India (Know Your Customer (KYC)) Directions' and the directions issued by RBI on 'Fair Practice Code'. This penalty has been impose...
MUMBAI, India, Aug. 7 -- Reserve Bank of India issued the following press release: The Reserve Bank of India (RBI) has, by an order dated August 03, 2026, imposed a monetary penalty of ₹2.70 lakh (Rupees Two lakh seventy thousand only) on Namdev Finvest Limited (formerly known as Namdev Finvest 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 exerci...
MUMBAI, India, Aug. 7 -- Reserve Bank of India issued the following press release: The Reserve Bank of India (RBI) has, by an order dated August 03, 2026, imposed a monetary penalty of ₹3.90 lakh (Rupees Three lakh ninety thousand only) on Utsav Securities Limited (the company) for non-compliance with certain provisions of the directions issued by RBI on 'Governance' and 'Submission of data to Credit Information Companies (CICs)'. This penalty has been imposed in exercise of powers confer...
MUMBAI, India, Aug. 7 -- Reserve Bank of India issued the following press release: Data on sectoral deployment of credit by non-banking financial companies (NBFCs) for the month of June 2026, collected from major NBFCs and housing finance companies (HFCs), are set out in the Statement1. On a year-on-year (y-o-y) basis, NBFCs' credit registered a growth of 14.4 per cent in June 2026 as compared to 11.1 per cent a year ago. Highlights of the sectoral deployment of credit by NBFCs for the month ...
MUMBAI, India, Aug. 7 -- Reserve Bank of India issued the following press release: Credit Valuation Adjustment (CVA) reflects the adjustment to the default risk-free prices of derivatives to account for potential counterparty default. CVA risk refers to losses resulting from changes in CVA values, driven by shifts in counterparty credit spreads and market risk factors. The CVA capital charge ensures banks hold sufficient capital to cover these risks. 2. The extant CVA framework was issued by t...
MUMBAI, India, Aug. 7 -- Reserve Bank of India issued the following press release: The Reserve Bank of India has today released the draft Reserve Bank of India (Commercial Banks - Prudential Norms on Capital Adequacy) Eleventh Amendment Directions, 2026, which propose to amend 'Chapter VII: Leverage Ratio framework' of the Reserve Bank of India (Commercial Banks - Prudential Norms on Capital Adequacy) Directions, 2025. The amendment endeavours to implement the latest leverage ratio framework ('...
India, Aug. 5 -- The Government of India has issued a release: Union Minister of Agriculture, Farmers Welfare and Rural Development, Shri Shivraj Singh Chouhan, today virtually addressed the concluding session of a three-day training program for farmers and livestock farmers organized at Rani Lakshmi Bai Central Agricultural University, Jhansi. Present on the occasion were Dr. M.L. Jat, Director General and DARE Secretary, Indian Council of Agricultural Research (ICAR), Dr. A.K. Singh, Vice Cha...
India, Aug. 5 -- The Government of India has issued a release: The Prime Minister, Shri Narendra Modi, today marked seven years since the historic abrogation of Articles 370 and 35(A), describing 5th August 2019 as a defining milestone in India's journey towards inclusive development. Shri Modi noted that over the past seven years, the people of Jammu and Kashmir and Ladakh have witnessed wide-ranging transformation across sectors. Infrastructure has expanded significantly, while new opportuni...
India, Aug. 5 -- The Government of India has issued a release: The development activities of Gaganyaan mission validating human rating aspects include the following: · Human Rated Launch Vehicle (HLVM3): Development and ground testing of all propulsion stages and structures completed. · Orbital Module: Propulsion systems for Crew Module and Service Module developed, tested and qualified. Engineering model for Environmental Control & Life Support System (ECLSS) has been realized. De...
India, Aug. 5 -- The Government of India has issued a release: Over the past twelve years, the Department of Chemicals & Petrochemicals (DCPC), under the Ministry of Chemicals & Fertilizers, has undertaken policy reforms, infrastructure development, capacity building, skill development, quality enhancement, and investment promotion initiatives for the chemical and petrochemical sector. These initiatives have contributed to domestic manufacturing, innovation, employment generation, investment, a...