RBI

One ISIL entry added to UN sanctions list

RBI issued notification RBI/2026-27/01 requiring regulated entities to implement updates to the UN Security Council ISIL (Da'esh) and Al-Qaida Sanctions List. One individual, Hamidah Nabagala (QDi.439), a Ugandan national born March 9, 1996, has been added to the list pursuant to UNSC resolutions 1267, 1989, and 2253. The individual is subject to assets freeze, travel ban, and arms embargo measures as set out in Security Council resolution 2734 (2024).

Lead Bank Assignment for New Kushavati District in Goa

RBI has designated State Bank of India as the Lead Bank for the newly created Kushavati district in Goa, effective March 30, 2026. The district, formed by the Government of Goa, has been assigned District Working Code '02W'. No changes have been made to Lead Bank assignments for other districts in Goa.

Reserve Bank of India Trade Relief Measures Directions 2026

RBI issued Trade Relief Measures Directions 2026 (RBI/2025-26/263) effective March 31, 2026, extending export credit tenor to up to 450 days for pre-shipment and post-shipment financing. The directions allow regulated entities to permit enhanced credit periods and permit liquidation of packing credit facilities from alternate sources for exporters impacted by the West Asian crisis.

₹2000 Banknote Withdrawal Status Update

The Reserve Bank of India published its periodic status update on the ₹2000 banknote withdrawal. As of March 31, 2026, 98.45% of the ₹2000 notes (worth ₹3.56 lakh crore at inception) have been returned, with only ₹5,501 crore remaining in circulation. The ₹2000 banknotes continue to be legal tender, and exchange facilities remain available at 19 RBI Issue Offices and via India Post.

Citizen's Charter Application Processing Status

Reserve Bank of India published monthly Citizen's Charter performance data for March 2026 showing 22,243 applications received and 21,459 processed. Of processed applications, 99.9% were handled within timeline. Report covers Currency Management, Foreign Exchange Management, and Banker to Banks and Governments functions.

RBI Money Market Operations Data

The Reserve Bank of India published money market operations data for March 30, 2026, reporting system liquidity at ₹5.89 lakh crore. This is a routine statistical release providing market participants with current liquidity conditions in the Indian banking system. The data is published via the RBI's official press release mechanism.

RBI Extends Moratorium on Bhavani Sahakari Bank, Mumbai

The Reserve Bank of India extended a regulatory directive imposing operational restrictions on The Bhavani Sahakari Bank Ltd., Mumbai for an additional three months until July 4, 2026. The extension follows prior restrictions imposed in July 2025 and a previous extension in December 2025. All existing directive terms remain unchanged.

Moratorium Extended for Innovative Co-operative Urban Bank Limited, Delhi

The Reserve Bank of India has extended the regulatory restrictions (moratorium) on Innovative Co-operative Urban Bank Limited, Delhi for an additional three months through July 4, 2026. This is the third extension of the Directive originally issued in July 2025. The extension maintains all existing restrictions and conditions previously imposed on the bank.

Underwriting auction for Government Securities (₹29,000 crore)

The Reserve Bank of India announced an underwriting auction for Government Securities worth ₹29,000 crore on April 2, 2026. The auction covers two securities: 6.68% GS 2040 (₹17,000 crore) and 7.43% GS 2076 (₹12,000 crore). Primary Dealers must submit bids through the e-Kuber system between 9:00 AM and 9:30 AM on the auction date.

Monetary Penalty on Exclusive Capital Limited for Compliance Failures

The Reserve Bank of India imposed a monetary penalty of ₹10.30 lakh (approximately $12,300 USD) on Exclusive Capital Limited for non-compliance with RBI directions on leverage ratio limits, supervisory return filings, and balance sheet submission requirements. The penalty was imposed under Section 58G(1)(b) read with Section 58B(5)(aa) of the RBI Act, 1934, following an offsite analysis and show cause proceedings.