Banking and RBI
RBI to hold Rs 2 lakh crore 7-day VRRR auction on 17 April
16 April 2026 | Reserve Bank of India press release 2026-2027/93; Business Standard
On 16 April 2026 the RBI announced a 7-day Variable Rate Reverse Repo (VRRR) auction under the Liquidity Adjustment Facility (LAF) for Friday, 17 April 2026, citing surplus transient liquidity conditions. The notified amount is Rs 2,00,000 crore, the window is 09:30 AM to 10:00 AM and the date of reversal is 24 April 2026.
Business Standard reported that the banking system surplus, measured by funds parked in the RBI's LAF window, was Rs 5.2 trillion on Wednesday, 15 April, and had stayed above Rs 5 trillion for several days. It noted that the RBI held a similar auction of a similar amount on 10 April 2026.
Key facts- Instrument: 7-day VRRR under LAF
- Notified amount: Rs 2,00,000 crore
- Auction date: 17 April 2026; reversal 24 April 2026
- Reason: surplus transient liquidity
Exam takeaway: A VRRR absorbs surplus liquidity: banks lend money to the RBI for a fixed period at a rate set in the auction.
Quick revision: RBI VRRR of Rs 2 lakh crore, 7 days, on 17 April 2026 to absorb surplus liquidity.
Reserve Bank of India press release 2026-2027/93; Business Standard original sourceBanking and RBI
RBI underwriting auction for Rs 32,000 crore of government securities
16 April 2026 | Reserve Bank of India press release 2026-2027/90
The RBI issued an underwriting auction notice on 16 April 2026 for the sale (re-issue) of Government of India securities worth Rs 32,000 crore through an auction on Friday, 17 April 2026. The securities are 6.36% GS 2031 (Rs 21,000 crore) and 6.90% GS 2065 (Rs 11,000 crore).
Each Primary Dealer has a Minimum Underwriting Commitment of Rs 500 crore for the 2031 paper and Rs 262 crore for the 2065 paper, with equal minimum bidding commitments under the Additional Competitive Underwriting (ACU) auction. The ACU bids go through the e-Kuber system between 09:00 AM and 09:30 AM.
Key facts- Auction date: 17 April 2026
- 6.36% GS 2031: Rs 21,000 crore; MUC Rs 500 crore per PD
- 6.90% GS 2065: Rs 11,000 crore; MUC Rs 262 crore per PD
- ACU bids on e-Kuber, 09:00 to 09:30 AM
Exam takeaway: Primary Dealers underwrite government securities auctions and commit to bid for them.
Quick revision: RBI underwriting auction of Rs 32,000 crore G-secs on 17 April 2026 (2031 and 2065 papers).
Reserve Bank of India press release 2026-2027/90 original sourceNational and International Affairs
SEBI and FIU-India sign MoU on fraud data sharing
16 April 2026 | CNBC TV18
On 16 April 2026 SEBI said it had signed a Memorandum of Understanding with the Financial Intelligence Unit-India (FIU-India), Ministry of Finance, to enhance cooperation and data sharing to combat fraud in the securities market. The MoU was signed on 15 April 2026 after incorporating the Egmont principles of information exchange.
It supports effective implementation of the Prevention of Money Laundering Act, 2002 and its rules. Amit Mohan Govil, Director, FIU-India, and Sandip Pradhan, Whole Time Member, SEBI, signed it.
Key facts- Parties: SEBI and FIU-India (Ministry of Finance)
- Signed: 15 April 2026, announced 16 April
- Principles: Egmont principles of information exchange
- Law: Prevention of Money Laundering Act, 2002
Exam takeaway: FIU-India is the national agency for receiving and analysing financial transaction information.
Quick revision: SEBI-FIU-India MoU (signed 15 Apr 2026) for fraud data sharing under the PMLA.
CNBC TV18 original source