RBI Penalizes SBM Bank (India) With Rs 88.70 Lakh Fine
The Reserve Bank of India recently conducted a buyback of government securities (G-Secs), receiving offers totaling ₹17,384.552 crore, but accepting only ₹10,513 crore, despite the notified amount being ₹40,000 crore. Market analysts speculate that banks may have offered G-Secs at higher prices, leading to rejection of offers out of sync with secondary market prices.
The government’s robust financial position, indicated by significant April 2024 GST collections amounting to ₹1.92 lakh crore, along with expected RBI dividend declarations, likely influenced its decision to undertake the G-Sec buyback.
The government’s buyback strategy reflects its liquidity position and strategic fiscal management amidst market dynamics.
In a landmark move to improve emergency healthcare access and reduce road accident fatalities, the…
China extended its supremacy in world badminton by clinching the Sudirman Cup 2025, defeating South…
On May 5, 2025, Shri Prakash Magdum, a seasoned Indian Information Service (IIS) officer of…
In a significant stride toward strengthening India's maritime defence capabilities, the Defence Research and Development…
India improved its rank to 130 out of 193 countries on the Human Development Index…
In a significant political development, Yemen's Presidential Leadership Council (PLC) appointed Salem Saleh Bin Braik,…
![](data:image/svg+xml;charset=utf-8,<svg height="300px" width="300px" xmlns="http://www.w3.org/2000/svg" version="1.1"/>)
