Press Releases

The Reserve Bank of India (RBI) has, by an order dated March 26, 2025, imposed a monetary penalty of ₹1.00 lakh (Rupees One lakh only) on The Mysore and Chamarajnagar District Co-operative Central Bank Ltd., Karnataka (the bank) for contravention of provisions of Section 20 read with Section 56 of the Bank

The Reserve Bank of India (RBI) has, by an order dated March 26, 2025, imposed a monetary penalty of ₹5.00 lakh (Rupees Five lakh only) on Savery Transport Finance Ltd., Chennai, Tamil Nadu (the company) for non-compliance with certain provisions of the ‘Master Direction- Reserve Bank of India (Non- Banking Financial Company-Scale Based Regulation) Directions, 2023’ issued by RBI. This penalty has been imposed in exercise of powers conferred on RBI under the provisions of Section 58 G(1)(b) read with Section 58B(5)(aa) of the Reserve Bank of India Act, 1934. The correspondence related to charging higher interest rate than the annualised interest rate mentioned in the loan agreement revealed, inter alia, non-compliance with the RBI directions. Based on the same, a notice was issued to the company advising it to show cause as to why penalty should not be imposed on it for its failure to comply with the said directions. After considering the company’s reply to the notice and oral submissions made during the personal hearing, RBI found, inter alia that the following charges against the company were sustained, warranting imposition of monetary penalty: The company had:

Government of India (GOI) has announced the sale (re-issue) of two dated securities for a notified amount of ₹36,000 crore as per the following details: Sr No Security Date of Repayment Notified Amount (₹ Crore) GoI specific Notification Auction Date Settlement Date 1 6.64% GS 2027 Dec 09, 2027 6,000 F.No.4(1)-B(W&M)/2025 dated March 28, 2025 April 04, 2025 (Friday) April 07, 2025 (Monday) 2 6.79% GS 2034 Oct 07, 2034 30,000 Total 36,000

Today, the Reserve Bank released data relating to India’s International Investment Position for end-December 2024[1]. Key Features of IIP in end-December 2024: • Net claims of non-residents on India increased by US$ 11 billion during Q3:2024-25 and stood at US$ 364.5 billion in December 2024.

Based on an assessment of the prevailing and evolving liquidity conditions, the Reserve Bank of India has decided to increase the aggregate limit, made available to the Standalone Primary Dealers (SPDs) under the Standing Liquidity Facility at the prevailing repo rate, from ₹10,000 crore to ₹15,000 crore, starting from April 02, 2025. The limit for individual SPDs is being conveyed to them separately. All other terms and conditions of the facility shall remain unchanged.

The Reserve Bank of India (RBI) has, by an order dated March 27, 2025, imposed a monetary penalty of ₹50,000/- (Rupees Fifty Thousand only) on Porbandar Commercial Co-operative Bank Limited, Dist. Porbandar, Gujarat (the bank) for non-compliance with certain directions issued by RBI on ‘Know Your Customer (KYC)’. This penalty has been imposed in exercise of powers conferred on RBI under the provisions of Section 47A (1) (c) read with Sections 46(4) (i) and 56 of the Banking Regulation Act, 1949.

The Reserve Bank of India (RBI) has, by an order dated March 27, 2025, imposed a monetary penalty of ₹1.00 lakh (Rupees One Lakh only) on The Santrampur Urban Co-operative Bank Ltd., Santrampur, Mahisagar District, Gujarat (the bank) for non-compl

The value of exports and imports of services during February 2025 is given in the following table. International Trade in Services (US$ million) Month Receipts (Exports) Payments (Imports) October – 2024 34,411 (22.7) 17,232 (28.0) November – 2024 32,109 (14.2) 17,246 (26.1) December – 2024 36,967 (16.9) 17,799 (13.9)

Reserve Bank of India announces the auction of Government of India Treasury Bills as per the following details: Sr. No. Treasury Bill Notified Amount (in ₹ Crore) Auction Date Settlement Date 1 91 Days 9,000 April 02, 2025 (Wednesday) April 03, 2025 (Thursday) 2 182 Days 5,000 3 364 Days 5,000 Total 19,000

The Reserve Bank of India (RBI) has, by an order dated March 24, 2025, imposed a monetary penalty of ₹52.70 lakh (Rupees Fifty Two Lakh Seventy Thousand only) on Phoenix ARC Private Limited (the company) for non-compliance with directions on ‘Settlement of dues payable by the borrower’ issued by RBI. This penalty has been imposed in exercise of powers conferred on RBI under Section 12 read with sub-section (1) of Section 30A of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002. The statutory inspection of the company was conducted by RBI with reference to its financial position as on March 31, 2023. Based on supervisory findings of non-compliance with RBI directions and related