RBI

Government of India Announces Dual Bond Auction on July 18th

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Government of India Announces Dual Bond Auction on July 18th

Auction for Sale (issue/ re-issue) of (i) ‘New Government Security 2030’ and (ii) ‘7.09% Government Security 2054’ The Government of India (GoI) has announced the sale (issue/ re-issue) of (i) “New Government Security 2030” for a notified amount of ₹15,000 crore (nominal) through yield based auction using multiple price method and (ii) “7.09% Government Security 2054” for a notified amount of ₹12,000 crore (nominal) through price based … Read more

RBI clamps down on Bhavani Sahakari Bank

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RBI clamps down on Bhavani Sahakari Bank

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

RBI Imposes Restrictions on Guwahati’s Industrial Co-op Bank

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RBI Imposes Restrictions on Guwahati’s Industrial Co-op Bank

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

Depositors Alert: RBI Directs Innovative Co-op Bank with Strict Measures

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Depositors Alert: RBI Directs Innovative Co-op Bank with Strict Measures

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

RBI Fines Saibaba Nagari Sahakari Bank for KYC Lapses

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RBI Fines Saibaba Nagari Sahakari Bank for KYC Lapses

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 Fines Shree Kadi Nagarik Sahakari Bank ₹14.30 Lakh for Regulatory Breaches

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RBI Fines Shree Kadi Nagarik Sahakari Bank ₹14.30 Lakh for Regulatory Breaches

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

RBI Amends Export Regulations for Offshore Support Vessels (2025)

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RBI Amends Export Regulations for Offshore Support Vessels (2025)

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

From Red to Black: India’s Current Account Story in Q4 FY2025

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From Red to Black: India’s Current Account Story in Q4 FY2025

India just recorded a current account surplus of $13.5 billion (1.3% of GDP) in the January-March quarter of FY25, according to the RBI. This is a significant jump from $4.6 billion in the same period last year and reverses a deficit of $11.3 billion in the previous quarter. What drove this surplus? Annual Picture for … Read more

RBI Unleashes New Project Finance Directions 2025: A Framework for Stability

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RBI Unleashes New Project Finance Directions 2025: A Framework for Stability

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

Dormant Bank Accounts: Your Guide to Reactivation & Fund Withdrawal

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Dormant Bank Accounts: Your Guide to Reactivation & Fund Withdrawal

How to Reactivate and Withdraw Funds from Dormant Bank Accounts It’s surprisingly common for bank accounts to become inactive or dormant. Life happens – you might move, forget about an old account, or switch banks. If you don’t make any customer-initiated transactions for a certain period (usually 12 months), your account becomes inactive. If this … Read more