Directions under Section 35 A read with Section 56 of the Banking RegulationAct, 1949 – The Bhavani Sahakari Bank Ltd., MumbaiIt is hereby notified for information of the public that in exercise of powers vestedin it under sub section (1) of Section 35A read with Section 56 of the BankingRegulation Act, 1949, the Reserve Bank … Read more
Directions under Section 35 A read with Section 56 of the Banking RegulationAct, 1949 – The Industrial Co-operative Bank Ltd., GuwahatiIt is hereby notified for information of the public that in exercise of powers vested init under sub section (1) of Section 35 A read with Section 56 of the Banking RegulationAct, 1949, the Reserve … Read more
Directions under Section 35 A read with Section 56 of the Banking RegulationAct, 1949 – Innovative Co-operative Urban Bank Ltd., Delhi It is hereby notified for information of the public that in exercise of powers vestedin it under sub section (1) of Section 35 A read with Section 56 of the BankingRegulation Act, 1949, the … Read more
The Reserve Bank of India (RBI) has announced a significant policy change set to take effect from January 1, 2026, that will eliminate prepayment charges for many. This move is a game-changer, especially for those with floating rate home loans and other floating rate advances. Who Benefits Most? The primary beneficiaries are floating rate loan … Read more
RBI imposes monetary penalty on Saibaba Nagari Sahakari Bank Maryadit,Sailu, MaharashtraThe Reserve Bank of India (RBl) has, by an order dated June 24, 2025, imposeda monetary penalty of ₹50,000/- (Rupees Fifty Thousand only) on Saibaba NagariSahakari Bank Maryadit, Sailu, Maharashtra (the bank) for non-compliance withcertain directions issued by RBI on ‘Know Your Customer (KYC)’. This … Read more
RBI imposes monetary penalty on Shree Kadi Nagarik Sahakari Bank Ltd., Dist.Mehsana, GujaratThe Reserve Bank of India (RBl) has, by an order dated June 26, 2025, imposeda monetary penalty of ₹14.30 lakh (Rupees Fourteen Lakh Thirty Thousand only) onShree Kadi Nagarik Sahakari Bank Ltd., Dist. Mehsana, Gujarat (the bank) for noncompliance with the certain directions … Read more
Monthly review of accounts of Government of India upto May 2025 (FY 2025-26) The monthly accounts of the Government of India upto the month of May, 2025 has been consolidated and reports published. The highlights are given below: – The Government of India has received ₹7,32,963 crore (21.0% of corresponding BE 2025-26 of Total Receipts) … Read more
External pressures could dampen India’s growth outlook, according to RBI Governor Sanjay Malhotra. Despite strong domestic drivers and fundamentals, spillovers from external challenges and weather-related events pose a risk, Malhotra stated on Monday in the foreword to the central bank’s half-yearly Financial Stability Report.1 Inflation Under Control, Growth Aspirations Remain While acknowledging downside risks to … Read more
RESERVE BANK OF INDIAFOREIGN EXCHANGE DEPARTMENTNOTIFICATIONNew Delhi, the 24th June, 2025Foreign Exchange Management (Export of Goods & Services) (Amendment) Regulations, 2025No. FEMA 23(R)/(6)/2025-RB In exercise of the powers conferred by Section 7 and clause (b) of subsection (2) of section 47 of the Foreign Exchange Management Act, 1999 (42 of 1999), the Reserve Bank of … Read more
PRESS RELEASERESERVE BANK OF INDIAWebsite : www.rbi.org.in Department of Communication, Central Office, Shahid Bhagat Singh Marg, Fort,email : helpdoc@rbi.org.in Mumbai – 400 001 /Phone: 022 – 2266 0502 RBI Issues the Reserve Bank of India (Project Finance) Directions, 2025The Reserve Bank had issued draft guidelines on ‘Prudential Framework forIncome Recognition, Asset Classification and Provisioning pertaining … Read more