Press Releases

Today, the Reserve Bank released data relating to India’s International Investment Position  for end-September 2023

The following State Governments have offered to sell stock by way of auction, for an aggregate amount of ₹16,000 Crore (Face Value).

In terms of GOI Notifications F. No. 4(22) – B(W&M)/2018 dated October 08, 2018 (SGB 2018-19, Series IV - Issue date January 01, 2019) and F. No. 4(25) - W&M/2017 dated October 06, 2017 (SGB 2017-18, Series XIV - Issue date January 01, 2018) on Sovereign Gold Bond Scheme, premature redemption of Gold Bond may be permitted after fifth year from the date of issue of such Gold Bond on the date on which interest is payable.  Accordingly, the next due date of premature redemption of the above two tranches shall be January 01, 2024.

The Reserve Bank of India (RBI), vide order dated December 29, 2023, has cancelled the licence of Adarsh Mahila Nagari Sahakari Bank Maryadit, Aurangabad, Maharashtra. Consequently, the bank ceases to carry on banking business, with effect from the close of business on December 29, 2023. The Commissioner and Registrar of Cooperative Societies, Maharashtra has also been requested to issue an order for winding up the bank and appoint a liquidator for the bank.

Reserve Bank of India announces the auction of Government of India Treasury Bills as per the following details:

The Reserve Bank of India, in consultation with the State Governments/Union Territories (UTs), announces that the quantum of total market borrowings by the State Governments/UTs for the quarter January – March 2024, is expected to be ₹4,13,452 Crore. The weekly schedule of auctions to be held during the quarter along with the name of States/UTs who have confirmed participation and tentative amounts indicated by them is as under:

After reviewing the cash position of the Central Government, the Reserve Bank of India, in consultation with the Government of India, hereby, notifies the calendar for issuance of Treasury Bills for the quarter ending March 2024 as under:

With a view to encourage original writings and research in Banking Hindi, Reserve Bank of India has launched a ‘Scheme for writing books originally in Hindi on Economics/Banking/Financial subjects. Under this Scheme, working/retired Professors (Including Assistant and Associate Professor etc.) of Indian Universities (UGC recognized) are awarded three prizes of ₹1,25,000.00 (One lakh twenty-five thousand) each for writing books originally in Hindi on Economics/Banking/Financial subjects.

Reserve Bank of India (RBI) is satisfied to notify The Botad Peoples Co-operative Bank Ltd., Botad as a non-banking institution under Section 36A (2) read with Section 56 of the Banking Regulation Act, 1949. Accordingly, RBI has cancelled the licence dated February 17, 1998, granted to The Botad Peoples Co-operative Bank Ltd., Botad to carry on banking business in India under Section 22 read with Section 56 of the Banking