AML Compliance

SEC Files Complaint Against Terrence Chalk, Greenlight Entities

The SEC filed a complaint in the Southern District of New York charging Terrence Chalk and four Greenlight entities (Greenlight Advantage Group Inc., Greenlight Business Solutions Inc., Greenlight Consulting Corp., and Greenlight Investment Partners Inc.) with securities fraud, unregistered securities offerings, and investment adviser fraud. From approximately 2017 through 2020, Chalk marketed a fictitious Chairman's Fund to approximately 40 investors, collecting approximately $5 million while falsely promising annual returns of 12%–77%. Instead of investing, Chalk diverted over $700,000 for personal expenses including luxury cars, jewelry, and a swimming pool, and used approximately $1.8 million of new investor money to make Ponzi-like payments to prior investors. Investors suffered principal losses of approximately $3 million. The SEC seeks permanent injunctions, disgorgement of ill-gotten gains with prejudgment interest, and civil monetary penalties.

ABA Letter Supports Fed Proposal Removing Reputation Risk from Bank Supervision

The American Bankers Association submitted a letter to the Federal Reserve expressing support for a proposed rule that would codify the removal of reputation risk from bank examination processes. The ABA also endorsed new language in the proposal prohibiting banks from denying services to customers based on political and religious beliefs. While the Fed had already revised its supervisory policy documents to remove reputation risk as an examination component, the ABA argued that formalizing the change as a final regulation would enhance transparency and consistency in the supervisory process.

CECL Costs Burden Community Banks A Decade Later

Three years after community banks were required to adopt the Current Expected Credit Loss (CECL) methodology, ABA analysis finds that compliance costs have consistently outweighed benefits. A recent ABA member survey found that 70% of community banks now rely on third-party vendors for CECL estimation processes, and 57% use third-party economic forecasts — expenses that did not exist under the prior incurred-loss approach. FASB has launched its post-implementation review of CECL and ABA submitted a comment letter on April 17, 2026, arguing that auditors and validation practices have created operational expectations far more stringent than the standard itself requires.

FDIC Issues Relief Guidance for Hawaiian Banks Affected by Severe Weather

The FDIC released guidance on April 27, 2026, offering regulatory relief to financial institutions operating in areas of Hawaii affected by severe weather. The agency encouraged banks to work constructively with borrowers experiencing difficulties, including extending repayment terms, restructuring existing loans, and easing terms for new loans. Banks may receive favorable Community Reinvestment Act consideration for community development loans, investments, and services supporting disaster recovery, and the FDIC will consider relief from certain filing and publishing requirements.

Treasury Begins Review of CDFIs for Alleged Violations

The Treasury Department announced on April 27, 2026, that it has begun a review of certified community development financial institutions (CDFIs) to identify potential legal violations or violations of CDFI requirements. Treasury Secretary Scott Bessent stated that CDFIs engaging in predatory practices will be reviewed and held accountable as proper stewards of taxpayer funds. Meanwhile, House lawmakers advanced legislation setting aside $276 million for the CDFI Fund, and at least 43 senators support maintaining the fund's current funding level at roughly $324 million.

Senate Banking Committee Schedules Wednesday Vote on Warsh Nomination

The Senate Banking Committee scheduled a Wednesday vote to advance Kevin Warsh's nomination as Federal Reserve chairman. Senator Thom Tillis (R-N.C.), who had previously blocked the nomination over a Justice Department investigation into Chairman Jerome Powell and Fed headquarters renovation cost overruns, dropped his opposition after the DOJ dropped its investigation. If the committee advances the nomination, the full Senate will vote at a later date. This represents a procedural milestone in Warsh's confirmation process following resolution of the political standoff that had stalled his advancement.

OCC Proposes Rescinding Diversity, Credit Risk Rules Under DOGE Initiative

The Office of the Comptroller of the Currency (OCC) issued a proposed rule on April 27, 2026, to rescind or amend three regulations as part of President Trump's Department of Government Efficiency (DOGE) initiative. The changes include removing references to minority- and women-owned entities in community development regulations, eliminating an alternative compliance option for lead arrangers of open market collateralized loan obligations, and deleting nondiscrimination requirements for federal savings associations that the OCC stated are duplicative and lack statutory authority. Public comments on the proposed changes are due by May 27, 2026.

FBI Philadelphia Opens Teen Academy Applications for Summer 2026

The FBI Philadelphia Field Office is accepting applications for its Teen Academy programs for summer 2026, with sessions scheduled in Abington, Williamsport, and Wyoming, Pennsylvania, and Gloucester, New Jersey. Open to rising 9th through 12th grade students, the program provides an inside look at FBI operations including national security, cyber and violent crimes, crisis negotiations, SWAT, and evidence response teams. Applications must be submitted online by May 30, 2026.

RBI Commercial Banks Investment Portfolio Amendment Directions 2026

RBI Commercial Banks Investment Portfolio Amendment Directions 2026

RBI Issues Asset Classification Directions for Banks

RBI Issues Asset Classification Directions for Banks

Reserve Bank of India (Commercial Banks – Credit Facilities) Second Amendment Directions, 2026

The Reserve Bank of India has issued the Second Amendment Directions, 2026 to the Commercial Banks – Credit Facilities Directions, 2025. The amendments modify paragraph 25(1) regarding asset classification and provisioning requirements, paragraph 84 regarding project finance account NPA classification, and paragraph 132 regarding risk weight and provisioning for exposures. Additionally, paragraph 172(3)(ii) is deleted entirely. The amendments are issued consequent to the issuance of the Reserve Bank of India (Commercial Banks - Asset Classification, Provisioning and Income Recognition) Directions, 2026 and the Reserve Bank of India (Commercial Banks - Capital Charge for Credit Risk – Standardised Approach) Directions, 2026. All amendments take effect from April 1, 2027.

RBI Capital Charge Credit Risk Directions 2026

RBI Capital Charge Credit Risk Directions 2026

RBI Amends Asset Liability Directions on Loan Classification

The Reserve Bank of India has issued Amendment Directions to the Commercial Banks - Asset Liability Management Directions, 2025. The amendment modifies the Explanation to paragraph 237(5), replacing existing text with a reference to the newly issued Reserve Bank of India (Commercial Banks - Asset Classification, Provisioning and Income Recognition) Directions, 2026. The amended direction states that loan classification shall be governed by the 2026 Directions. The amendments come into force on April 1, 2027, giving banks approximately one year to implement the changes.

RBI Issues Reporting Instructions for AD Category-I Banks on INR OTC Derivatives

RBI's A.P. (DIR Series) Circular No. 08 requires Authorised Dealer Category-I banks to report globally all OTC foreign exchange derivative contracts involving the Indian Rupee undertaken by their related parties to the Trade Repository of Clearing Corporation of India Ltd. The circular provides a phased compliance schedule: 100% of parent-entity contracts must be reported from July 1, 2027, while 70% and 80% reporting thresholds apply to other related parties from July 1, 2027 and January 1, 2028 respectively, reaching full 100% by July 1, 2028. Exemptions include back-to-back arrangements and contracts below USD 1 million notional.

RBI Amends Credit Risk Transfer Directions for Commercial Banks

RBI has issued the Reserve Bank of India (Commercial Banks - Transfer and Distribution of Credit Risk) Amendment Directions, 2026, which modify the 2025 Directions by inserting new paragraphs 52A and 70A, deleting paragraphs 53 and 73, and modifying paragraph 81. The amendments require that stressed loans acquired by banks be classified as Purchased or Originated Credit-Impaired (POCI) financial assets and measured per the 2026 Asset Classification, Provisioning and Income Recognition Directions. Banks must immediately debit to their profit and loss account any shortfall when transferring stressed loans to an Asset Reconstruction Company (ARC) below net book value (NBV). The amendments come into force on April 1, 2027.

RBI Repeals Commercial Banks Income Recognition Directions 2025, Effective April 2027

The Reserve Bank of India has repealed the RBI (Commercial Banks – Income Recognition, Asset Classification and Provisioning) Directions, 2025, which were originally issued on November 28, 2025. The repeal takes effect on April 1, 2027, simultaneously with the issuance of replacement directions. All prior actions taken, liabilities incurred, penalties imposed, and legal proceedings initiated under the 2025 Directions remain valid and continue to be governed by those provisions. Banks must transition to compliance with the new 2026 Directions by April 1, 2027.

RBI Issues Second Amendment Directions 2026 on Credit Risk Management for Commercial Banks

The Reserve Bank of India has issued the Second Amendment Directions, 2026 to the Credit Risk Management Directions, 2025, effective April 1, 2027. Key changes include a revised Table 1 specifying incremental capital requirements for Unhedged Foreign Currency Exposure (UFCE) based on Potential Loss/EBID ratios, with a 25 percentage point risk weight increase applicable only when this ratio exceeds 75 percent. Two paragraphs (58(7) and 58(8)) of the original Directions have been deleted, and provisions regarding Working Capital Limits (WCLs) repayment flexibility have been modified.

RBI Issues Seventh Amendment Directions for Banks, 27th Apr

RBI Issues Seventh Amendment Directions for Banks, 27th Apr

Master Direction - Reserve Bank of India (Access Criteria for NDS-OM) Directions, 2025

The Reserve Bank of India has updated its Master Direction on Access Criteria for the Negotiated Dealing System – Order Matching (NDS-OM) platform used by government securities market participants. The amendments rationalise and revise application forms for seeking access to NDS-OM, redirecting submissions to the PRAVAAH portal and removing the forms from the Direction itself. The changes implement the Platform for Regulatory Application, VAlidation and AutHorisation (PRAVAAH) portal to improve ease of doing business and regulatory efficiency. The Directions are issued under section 45W of the Reserve Bank of India Act, 1934, read with section 45U, and are applicable with immediate effect.

RBI Amends Credit and Debit Card Directions on Late Payment Charges

RBI issued amendment directions modifying paragraph 23(5) of the Reserve Bank of India (Commercial Banks – Credit Cards and Debit Cards: Issuance and Conduct) Directions, 2025. Two key changes: (1) card issuers may now report a credit card account as 'past due' to credit information companies (CICs) or levy penal charges only when the account remains 'past due' for more than three days; and (2) late payment charges must be levied only on the outstanding amount after the due date, not on the total amount due. These amendments are consequential to RBI's separate Asset Classification, Provisioning and Income Recognition Directions, 2026, and shall take effect April 1, 2027.

FSC Chairman Strengthens Financial Cooperation with India and Vietnam

FSC Chairman Lee Eog-weon traveled to India (April 20) and Vietnam (April 23-24) on the sidelines of President Lee Jae Myung's state visits to strengthen bilateral financial cooperation. Multiple MOUs were signed covering financial hub development, cross-border QR code payments integration, and NPL trading platform cooperation. The Industrial Bank of Korea obtained a license to establish a subsidiary in Vietnam, and Korea-Vietnam QR payments integration was agreed upon to benefit approximately 4.8 million annual travelers between the two countries.

DNA Forensics Breakthrough With Dynamic Likelihood Ratio Method

DNA Forensics Breakthrough With Dynamic Likelihood Ratio Method

Same Day ACH Per-Payment Limit Rises to $10 Million in September 2027

Nacha membership approved a Rule change raising the Same Day ACH per-payment limit from $1 million to $10 million, effective September 17, 2027. This is the third increase in Same Day ACH history, following the initial $25,000 limit, a 2020 increase to $100,000, and a March 2022 increase to $1 million. Nacha anticipates the new cap will expand Same Day ACH use cases for invoice and tax payments, insurance claim payments, payroll funding, merchant settlement, and cash concentration.

Same Day ACH Limit Increases Tenfold to $10 Million

NACHA membership has approved a tenfold increase to the Same Day ACH per-payment limit, raising it from $1 million to $10 million, effective September 17, 2027. The increase reflects surging demand: Same Day ACH payments grew 101% from 697.5 million (2022) to 1.4 billion (2025), while payment values jumped 129% from $1.7 trillion to $3.9 trillion over the same period. The new limit marks the 10th anniversary of Same Day ACH, which launched in September 2016 with 13 million credit payments in its first partial year.

HKMA Alerts Public to Fraudulent Bank Websites and Scams Involving Five Banks

The HKMA issued a scam alert on 27 April 2026 advising the public of fraudulent websites, internet banking login screens, and phishing emails involving five named banks: The Bank of East Asia, Shanghai Commercial Bank, Chong Hing Bank, OCBC Bank (Hong Kong), and China CITIC Bank International. The alert clarifies that legitimate banks will not send SMS or emails with embedded hyperlinks directing customers to their websites to carry out transactions, nor will they request sensitive information such as login passwords or one-time passwords by phone, email, or SMS. Members of the public who have provided personal information or conducted transactions through these scams are advised to contact the relevant bank and report the matter to the Hong Kong Police Force Crime Wing Information Centre.

FIAU Malta Revises Implementing Procedures Part I on Beneficial Ownership and Employee Screening

The Financial Intelligence Analysis Unit (FIAU) Malta issued a revised version of Implementing Procedures Part I on April 27, 2026, making substantive amendments to beneficial owner definitions and employee screening obligations. The revised Section 4.2.2 removes the prior exception allowing legal persons (such as trustees or protectors that are not natural persons) to be treated as beneficial owners in trust contexts, requiring subject persons to identify the natural person(s) who ultimately qualify. Separately, the mandatory police conduct certificate requirement for employee screening under Section 7.5 has been replaced with a risk-based assessment obligation, though subject persons must still maintain written records of screening processes and outcomes.

Indian National Arrested for $13M Drug Trafficking Following Florida Highway Patrol Arrest

ICE encountered Dipakkumar Ghelani, an Indian national illegally present in the United States, at the Duval County Pre-Trial Detention Facility on April 16. The Florida Highway Patrol arrested Ghelani on a felony warrant for trafficking drugs with an estimated street value exceeding $13 million. Ghelani entered the United States on March 18, 2016, on a B-2 nonimmigrant visa valid until May 23, 2019, and overstayed his visa. During an interview with a designated immigration officer, he failed to provide documentation proving his legal presence. He will face immigration proceedings following resolution of his local and state charges.

fedpol 2025 Annual Report: Combating Organised Crime

The Federal Office of Police (fedpol) published its 2025 Annual Report detailing Switzerland's law enforcement efforts against organised crime, including human trafficking, property and luxury goods money laundering, and cybercrime targeting Swiss websites. Key statistics cited include 1,305 persons protected under international law, thousands of Schengen Information System searches, and over 20,000 suspicious activity reports on money laundering, terrorism financing, and criminal funds. A national action plan to combat organised crime is to be developed by year-end.

AI in Mortgages: Reshaping the Lending Lifecycle

A 2025 Stratmor Group survey found 38% of mortgage lenders used AI and machine learning in 2024, up from 15% in 2023, while 48% deployed robotic process automation. The article outlines six AI applications in mortgage lending including borrower guidance agents, chatbot interfaces, document processing, fraud detection, closing automation, and servicing operations. Experts advise banks to adopt three pillars of responsible AI: risk management, governance framework, and security and compliance, while noting no federal AI-specific regulations currently exist for banks.

OFAC Sanctions 14 in Iran Weapons Network

OFAC announced multiple sanctions actions on April 27, 2026. OFAC sanctioned 14 individuals, entities, and aircraft across Iran, Türkiye, and the UAE for weapons procurement under nonproliferation and counterterrorism authorities, targeting ballistic missile production and Shahed-series drone programs. OFAC also added shipping companies and vessels to the SDN List under Executive Order 13902, including Hengli Petrochemical (Dalian) Refinery Co., Ltd., and issued General License V authorizing wind-down transactions through May 24, 2026. Additionally, OFAC sanctioned 23 individuals and entities linked to the Sinaloa Cartel synthetic opioid supply chain, and issued Cyber-Related General License No. 2 for Anco Water Supply Co. Ltd.

Proposed Merger of Waterbury CT Credit Union into East Hartford CT Credit Union

The National Credit Union Administration (NCUA) has opened a public comment period for a proposed merger involving a credit union headquartered in Waterbury, Connecticut consolidating into a credit union in East Hartford, Connecticut. Members of the affected credit unions and other interested parties may submit comments on the proposed transaction through the official Regulations.gov comment portal. This notice represents a standard regulatory notification procedure under NCUA merger review requirements.

Illinois Valley Credit Union Merger Proposal Peru IL

NCUA has opened a public comment period on the proposed merger of Illinois Valley Credit Union, based in Peru, Illinois. The comment form is hosted on Regulations.gov and invites public feedback on the merger proposal. Any stakeholder with relevant information or concerns may submit comments through the official channels provided.

Money Market ₹7.03L Cr, Weighted Avg Rate 5.02%

The Reserve Bank of India published money market operations data for April 24, 2026, reporting an overnight segment volume of ₹7,03,167.60 crore at a weighted average rate of 5.02%. Standing Deposit Facility operations injected ₹3,46,489 crore across tenors of 1-3 days at the SDF rate of 5.00%, while Marginal Standing Facility drew ₹237 crore at the MSF rate of 5.50%, resulting in net liquidity absorption of ₹3,46,252 crore for the day. Scheduled commercial banks held cash balances of ₹7,95,601.74 crore against a required reserve average of ₹8,07,359 crore for the fortnight ending April 30, 2026.

OCC Meeting Summary with BNY, April 21

The Office of the Comptroller of the Currency published a meeting summary document reflecting a meeting held between OCC staff and representatives of BNY (Bank of New York Mellon). The document is posted to Regulations.gov under docket OCC-2025-0372. The source contains only a file-download link with no substantive text; no regulatory obligations, deadlines, or penalties are described in the available content.

OCC Issues Interim Final Rule and Order Confirming Federal Preemption of Illinois Interchange Fee Ban

The Office of the Comptroller of the Currency issued an interim final rule and interim final order on April 26, 2026, confirming that federal law preempts the Illinois Interchange Fee Prohibition Act. The OCC action expressly provides that national banks and Federal savings associations are neither subject to nor required to comply with the IFPA, which would have banned interchange fees on the tax or gratuity portion of card transactions effective July 1, 2026. The OCC stated the state law would create a complex, potentially unworkable standard that could destabilize payment card systems. Industry trade groups including ABA, Illinois Bankers Association, Illinois Credit Union League, and America's Credit Unions signaled support for the actions.

Information-Sharing and the New Compliance Mandate

ACAMS Today News published an opinion piece by Ari Redbord examining how information sharing is becoming an increasingly central component of financial compliance obligations. The article discusses how domestic regulatory frameworks in the United States are increasingly requiring or encouraging collaboration and intelligence sharing among compliance professionals. The piece targets compliance officers and anti-money laundering specialists operating in banking, securities, and fintech sectors, offering perspective on emerging compliance mandates and the evolving role of information exchange in regulatory frameworks.

EU Regulation 2026/830 Amends ISIL Al-Qaeda Sanctions Under Council Regulation 881/2002

The Italian Financial Intelligence Unit (UIF) has issued an alert informing regulated entities that the European Union has published Implementing Regulation (EU) 2026/830, amending Council Regulation (EC) 881/2002 which imposes specific restrictive measures against persons and entities associated with ISIL (Da'esh) and Al-Qaeda. The updated designations will be incorporated into the EU consolidated list of persons, groups, and entities subject to asset freezing within the European territory. The consolidated list is accessible via the EU Sanctions Map and the European Commission's dedicated portal, with designations to be updated following necessary administrative procedures.

EU Financial Sanctions Alert on Russia-Ukraine Asset Freezing Measures

The Italian Financial Intelligence Unit (UIF) issued an alert referencing EU restrictive measures adopted since February 23, 2022 concerning actions that threaten Ukraine's territorial integrity, sovereignty, and independence. The alert directs financial operators to the latest EU Official Journal (series L, April 23, 2026) for updates to Regulations (EU) No. 269/2014 and (EC) No. 765/2006 governing asset freezing. The consolidated list of designated persons subject to fund and economic resource freezes is accessible via the EU Sanctions Map and the restricted-access European Commission portal.

EU Sanctions Alert Russia Measures Listing

The Italian Financial Intelligence Unit (UIF) issued an alert informing regulated entities that the European Union published Council Implementing Regulation (EU) 2026/885 on April 21, 2026, implementing restrictive measures concerning Russia's destabilizing activities, based on Regulation (EU) 2024/2642. The update is accessible via the Official Journal of the European Union. The designated parties will be included in the consolidated EU list of persons, groups, and entities subject to asset freezing measures, available through the EU portal.

NCUA RFI: Credit Union Data Collection Deadline Jun 23

The NCUA is soliciting public feedback on improving its core data collections: the 5300 Call Report, Corporate Credit Union Call Report, and Form 4501A Profile. The RFI poses 10 structured questions covering burden reduction, form simplification, optional schedules for smaller credit unions, enhanced data items, and improved instructions. Comments must be received by June 23, 2026.

FDIC Publishes 22 Enforcement Orders Issued in March 2026

The FDIC issued 22 enforcement orders in March 2026, the third monthly enforcement actions release of 2026. Action types included one consent order, seven orders terminating consent orders, two civil money penalty orders, one combined order of prohibition and order to pay, five orders of prohibition, and six orders terminating deposit insurance. No administrative hearings are scheduled for May 2026.

NY DFS Reminds Banks of Fair Lending Obligations Under Section 296-a

The New York State Department of Financial Services issued an industry letter on April 22, 2026, reminding all entities regulated under the New York Banking Law of their existing obligations under New York Executive Law Section 296-a, the state's fair lending statute. The letter emphasises that covered credit decisions resulting in disparate impact may constitute unlawful discriminatory practice and cites prior consent orders against Rhinebeck Bank, Adirondack Trust Company, and Chemung Canal Trust as enforcement examples. The guidance explicitly states it does not impose any new requirements on regulated entities, serving only as a reminder of existing statutory obligations. Protected characteristics under Section 296-a include race, creed, color, national origin, citizenship or immigration status, sexual orientation, gender identity or expression, military status, age, sex, marital status, status as a victim of domestic violence, disability, and familial status.

National Bank Non-Interest Charges and Fees: Interim Final Rule

The OCC adopted an interim final rule amending 12 CFR 7.4002 to clarify that national banks have authority to assess, collect, impose, and otherwise obtain non-interest charges and fees, including interchange fees from credit and debit card operations. The rule further specifies that banks may charge such fees even when set by or in consultation with third parties. Comments on all aspects of the interim final rule are due 30 days after Federal Register publication, with the rule effective June 30, 2026.

Formations of, Acquisitions by, and Mergers of Bank Holding Companies

The Federal Reserve published a notice listing bank holding company applications received under the Bank Holding Company Act of 1956. One specific application is listed: Independent Bank Corporation of Grand Rapids, Michigan seeks to merge with HCB Financial Corp and thereby indirectly acquire Highpoint Community Bank, both of Hastings, Michigan. Public comments on these applications are due by May 27, 2026, to the Federal Reserve Bank of Chicago or the Board of Governors.

Change in Bank Control Notices; Acquisitions of Shares of a Bank or Bank Holding Company

The Federal Reserve System has published notices requesting public comments on applications filed under the Change in Bank Control Act. David W. Rathje and affiliated parties (Kelly S. Rathje Brandon, the Jonathan 2012 Irrevocable Trust, the Lauren 2012 Irrevocable Trust, David J. Rathje, Rachel O. Rathje, and Roxane Rathje) seek to retain voting shares of First Illinois Corporation, indirectly retaining voting shares of HPB Holdings, Inc. and Hickory Point Bank and Trust, all of Decatur, Illinois. Comments on these applications must be received by May 12, 2026.

OFAC Publishes Sanctions Action Notice

The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) published a notice announcing the placement of one or more persons on the Specially Designated Nationals and Blocked Persons List (SDN List). The action was issued on April 23, 2026, based on determinations that applicable legal criteria were satisfied under authorities including E.O. 13694 (as further amended). All property and interests in property subject to U.S. jurisdiction of these persons are blocked, and U.S. persons are generally prohibited from engaging in transactions with them. The document number is 91 FR 22576.

OCC Proposes Streamlining Public Welfare Investment, CLO, and Nondiscrimination Rules

The Office of the Comptroller of the Currency (OCC) has published a proposed rule to rescind or amend regulations in 12 CFR parts 24, 43, and 128 that are unnecessary, lack clear statutory authority, or are duplicative, consistent with Executive Order 14219. The proposal would remove certain references to minority- and women-owned entities; remove the credit risk retention alternative compliance option for lead arrangers of open market collateralized loan obligations; and remove duplicative non-discrimination requirements for Federal savings associations. Comments must be received by May 27, 2026.

Government Stock Auction Results: Cut-off Prices, April 24, 2026

RBI conducted a government securities auction on April 24, 2026 for four GOI stocks: 6.03% GS 2029, 6.68% GS 2033, 7.24% GS 2055, and New GOI SGrB 2056. Total notified amount was ₹32,000 crore across all four securities, with full acceptance of bids across all categories. Cut-off prices ranged from 96.20 to 99.30 with implicit yields between 6.3065% and 7.5628% depending on maturity. Devolvement on Primary Dealers was NIL across all categories, indicating successful market absorption of the government borrowing.

₹42,010 Crore GS Auction Results: 6.03% GS 2029, 6.68% GS 2033, 7.24% GS 2055, New GOI SGrB 2056

The Reserve Bank of India conducted a full auction of four government securities on April 24, 2026, with a combined notified amount of ₹42,010 crore. The auction attracted competitive bids totaling ₹84,380.265 crore against the notified amount, with partial allotment percentages ranging from 1.7062% for the 6.03% GS 2029 to 98.9692% for the new GOI SGrB 2056. All underwriting obligations devolved to primary dealers with NIL amounts, indicating full market participation without requiring dealer support.

State Government Securities Auction: ₹14,500 Crore Across 7 Indian States

The Reserve Bank of India will conduct an auction of state government securities on April 28, 2026 for a total of ₹14,500 Crore across seven states: Assam, Bihar, Chhattisgarh, Kerala, Madhya Pradesh, Uttar Pradesh, and Uttarakhand. Competitive bids must be submitted electronically via the E-Kuber system between 10:30 AM and 11:30 AM; non-competitive bids are accepted between 10:30 AM and 11:00 AM. Individual investors may participate through the RBI Retail Direct portal under the non-competitive bidding scheme.