Banking and RBI
VRRR auction of 17 April 2026: Rs 2,00,031 crore accepted at 5.24% cut-off
17 April 2026 | Reserve Bank of India press release 2026-2027/96
The RBI published the result of the 7-day Variable Rate Reverse Repo (VRRR) auction held on 17 April 2026. Against a notified amount of Rs 2,00,000 crore, offers of Rs 2,28,098 crore were received and Rs 2,00,031 crore was accepted.
The cut-off rate was 5.24 per cent and the weighted average rate was 5.23 per cent. Offers at the cut-off rate were partially accepted at 78.43 per cent.
Key facts- Tenor: 7 days; notified Rs 2,00,000 crore
- Offers received: Rs 2,28,098 crore
- Accepted: Rs 2,00,031 crore
- Cut-off 5.24%; weighted average 5.23%; partial acceptance 78.43%
Exam takeaway: Offers received above the notified amount (here Rs 2,28,098 crore against Rs 2,00,000 crore) show the surplus banks wanted to park.
Quick revision: VRRR 17 Apr 2026: Rs 2,00,031 crore accepted; cut-off 5.24%, weighted average 5.23%.
Reserve Bank of India press release 2026-2027/96 original sourceBanking and RBI
RBI announces Rs 24,000 crore Treasury Bill auction on 22 April
17 April 2026 | Reserve Bank of India press release
On 17 April 2026 the RBI announced an auction of Government of India Treasury Bills worth a total of Rs 24,000 crore: Rs 12,000 crore of 91-day, Rs 6,000 crore of 182-day and Rs 6,000 crore of 364-day bills. The auction is on Wednesday, 22 April 2026 and settlement is on Thursday, 23 April 2026.
The auction uses the multiple price method. Competitive bids are accepted from 10:30 am to 11:30 am and non-competitive bids from 10:30 am to 11:00 am on the e-Kuber system. Individuals can bid non-competitively through the Retail Direct portal, with retail allocation limited to a maximum of 5 per cent of the notified amount.
Key facts- Total: Rs 24,000 crore (91-day 12,000; 182-day 6,000; 364-day 6,000)
- Auction: 22 April 2026; settlement: 23 April 2026
- Method: multiple price
- Retail allocation: maximum 5% of notified amount
Exam takeaway: Treasury Bills are short-term government securities of 91, 182 and 364 days.
Quick revision: T-bill auction 22 Apr 2026: Rs 24,000 crore; retail share up to 5% via Retail Direct.
Reserve Bank of India press release original sourceNational and International Affairs
SEBI tightens 'fit and proper' norms for intermediaries
17 April 2026 | The Tribune (Tribune News Service)
The Tribune reported on 17 April 2026 that SEBI had notified amendments to the regulations governing market intermediaries such as stockbrokers, depository participants, investment advisers and portfolio managers. The changes were published in the Gazette of India and came into force immediately, aimed at strengthening investor protection.
One change defines 'days' in the intermediary regulations as calendar days unless a regulation states otherwise. Another changes the 'fit and proper' disqualification wording from whether a person has 'incurred' disqualifications to whether the person has been 'subjected to' certain disqualifying events, and removes two items from the relevant schedule.
Key facts- Regulator: SEBI
- Applies to: intermediaries such as brokers, DPs, advisers, portfolio managers
- 'Days' now means calendar days unless stated otherwise
- Effective: immediately on Gazette publication
Exam takeaway: 'Fit and proper' criteria test an entity's integrity, financial soundness and legal compliance for SEBI registration.
Quick revision: SEBI amends intermediary regulations: 'days' = calendar days; fit-and-proper wording tightened; effective immediately.
The Tribune (Tribune News Service) original source