Banking and RBI
RBI weekly statistical supplement: forex reserves at US$ 681.61 billion as on 5 June 2026
12 June 2026 | Reserve Bank of India
The RBI's Weekly Statistical Supplement extract released on 12 June 2026 shows total foreign exchange reserves at US$ 681,610 million (Rs 64,70,564 crore) as on 5 June 2026, a fall of US$ 711 million over the week.
Foreign currency assets were US$ 543,444 million, down US$ 2,704 million over the week, while gold holdings were US$ 114,575 million, up US$ 1,975 million. SDRs stood at US$ 18,765 million and the Reserve Position in the IMF at US$ 4,826 million. Scheduled commercial bank aggregate deposits stood at Rs 2,60,02,106 crore as on 31 May 2026, with year-on-year growth of 12.2 per cent.
Key facts- Total reserves: US$ 681,610 mn (5 June 2026), down US$ 711 mn on the week
- Foreign currency assets: US$ 543,444 mn
- Gold: US$ 114,575 mn
- SCB aggregate deposits: Rs 2,60,02,106 cr, up 12.2% y-o-y (31 May)
Exam takeaway: Forex reserves comprise foreign currency assets, gold, SDRs and the reserve position in the IMF.
Quick revision: India's forex reserves US$ 681.61 bn on 5 June 2026 (RBI WSS).
Reserve Bank of India original sourceBanking and RBI
RBI restricts Mogaveera Co-operative Bank under Section 35A; withdrawal cap Rs 1 lakh
12 June 2026 | Reserve Bank of India
An RBI press release of 12 June 2026 says the RBI issued Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 to Mogaveera Co-operative Bank Ltd., Bombay, vide a directive dated 11 June 2026, effective from close of business on 12 June 2026.
Without RBI's prior written approval the bank cannot grant or renew loans, make investments or incur liabilities. Depositors may withdraw up to Rs 1,00,000 from savings, current or other accounts, and the bank may set off loans against deposits. The release says eligible depositors are entitled to deposit insurance claims up to the ceiling of Rs 5 lakh.
Key facts- Bank: Mogaveera Co-operative Bank Ltd., Bombay
- Law: Section 35A with Section 56, Banking Regulation Act, 1949
- Withdrawal cap: Rs 1,00,000 per depositor
- Effective: close of business, 12 June 2026
Exam takeaway: Section 35A lets RBI issue directions to banks in public interest; DICGC cover is Rs 5 lakh per depositor.
Quick revision: RBI directions on Mogaveera Co-op Bank: Rs 1 lakh withdrawal cap from 12 June 2026.
Reserve Bank of India original source