India

HGI Automotives Ltd vs Commission for Air Quality Management - Appeal

The National Green Tribunal (NGT) is hearing an appeal filed by HGI Automotives Ltd. against a closure direction issued by the Commission for Air Quality Management (CAQM). The CAQM cited the operation of induction furnaces without proper emission controls as the reason for closure, while the appellant claims to use electric furnaces and disputes the findings.

Money Market Operations Data

The Reserve Bank of India has published data on money market operations for March 18, 2026. The press release provides details on various money market instruments and rates.

RBI: Interest Rate for Floating Rate Bond 2033

The Reserve Bank of India (RBI) has announced that the interest rate for the Government of India Floating Rate Bond 2033 (FRB 2033) for the period March 22, 2026, to September 21, 2026, will be 6.75 percent per annum. This rate is determined by a base rate equivalent to the average yield of 182-day T-Bills plus a fixed spread of 1.22 percent.

RBI Bulletin Weekly Statistical Supplement Extract

The Reserve Bank of India has published an extract from its Bulletin Weekly Statistical Supplement for March 2026. This document provides statistical data related to the Indian economy and financial markets.

RBI Variable Rate Repo Auction Results

The Reserve Bank of India (RBI) announced the results of its 3-day Variable Rate Repo (VRR) auction held on March 20, 2026. The auction had a notified amount of ₹75,000 crore, with ₹25,101 crore ultimately allotted.

RBI Auction of State Government Securities

The Reserve Bank of India (RBI) has announced an auction for State Government Securities totaling ₹55,688 Crore. The auction includes various tenors and amounts offered by multiple states, with specific re-issue details for Assam and Jharkhand.

RBI Approves Lalbaug Bank Amalgamation with Akhand Anand Bank

The Reserve Bank of India has sanctioned the voluntary amalgamation of Lalbaug Co-operative Bank Ltd. with Akhand Anand Co-operative Bank Ltd. The scheme of amalgamation will come into effect on March 23, 2026, with all branches of Lalbaug Bank becoming branches of Akhand Anand Bank.

RBI Overnight Variable Rate Repo Auction

The Reserve Bank of India (RBI) announced it will conduct an overnight Variable Rate Repo (VRR) auction on March 23, 2026, to manage liquidity conditions. The auction will be for ₹1,00,000 crore with a tenor of one day.

RBI Central Board Meeting Approves Budget and Strategy

The Reserve Bank of India's Central Board held its 622nd meeting, approving the bank's budget for the 2026-27 fiscal year and its Medium Term Strategy Framework (Utkarsh 3.0) for 2026-29. The meeting also involved an assessment of the global and domestic economic scenarios.

RBI Fines HSBC ₹31.80 Lakh for Inoperative Account Non-Compliance

The Reserve Bank of India (RBI) has imposed a monetary penalty of ₹31.80 lakh on The Hongkong and Shanghai Banking Corporation Limited for non-compliance with directions on inoperative accounts. The bank failed to host a searchable database of unclaimed deposits and assign Unclaimed Deposits Reference Numbers (UDRN) to certain deposits transferred to the DEA Fund.