Banking and RBI
RBI amends NBFC Undertaking of Financial Services directions on agency business
15 June 2026 | Reserve Bank of India
The RBI issued the Non-Banking Financial Companies (Undertaking of Financial Services) Second Amendment Directions, 2026 on 15 June 2026 (RBI/DoR/2026-27/131), amending the 2025 Master Direction. The notification says the extant regulations governing agency business were reviewed and a revised framework is provided.
It also says the regulatory instructions on customer service and conduct aspects will be consolidated in the RBI (NBFC - Responsible Business Conduct) Directions, 2025. Only the opening portion of the notification was read for this edition.
Key facts- Directions: NBFC (Undertaking of Financial Services) Second Amendment Directions, 2026
- Date: 15 June 2026; RBI/DoR/2026-27/131
- Subject: agency business framework revised
- Customer conduct: consolidated in Responsible Business Conduct Directions, 2025
Exam takeaway: NBFC agency business means acting as agent for other financial service providers.
Quick revision: RBI: NBFC agency business framework revised, 15 June 2026.
Reserve Bank of India original sourceBanking and RBI
RBI: premature redemption price for SGB 2020-21 Series III; 7-day VRR auction announced
15 June 2026 | Reserve Bank of India
An RBI press release of 15 June 2026 fixes the premature redemption price of SGB 2020-21 Series III (issued 16 June 2020), due on 16 June 2026, at Rs 14,774 per unit, based on the simple average of IBJA closing gold prices of 11, 12 and 15 June 2026.
Separately, the RBI announced a 7-day Variable Rate Repo auction under the LAF for 16 June 2026 with a notified amount of Rs 1,50,000 crore, with reversal on 23 June 2026.
Key facts- SGB 2020-21 Series III redemption price: Rs 14,774 per unit
- Basis: IBJA 999 gold, average of 11, 12, 15 June
- VRR: 7-day, Rs 1,50,000 crore, auction 16 June
- VRR reversal: 23 June 2026
Exam takeaway: VRR auctions let RBI adjust short-term liquidity.
Quick revision: SGB 2020-21 Series III price Rs 14,774; 7-day VRR Rs 1.5 lakh crore announced for 16 June.
Reserve Bank of India original sourceNational and International Affairs
Government constitutes Search-cum-Selection Committee for National Sports Board
15 June 2026 | Press Information Bureau
PIB said the Union Government on 15 June 2026 constituted the Search-cum-Selection Committee for the National Sports Board under the National Sports Board (Search-cum-Selection Committee) Rules, 2026, framed under the National Sports Governance Act, 2025.
Cabinet Secretary Dr T. V. Somanathan chairs the five-member committee, with Sports Secretary Hari Ranjan Rao, Lt Gen (Retd) Harpal Singh of the IOA, and National Sports Awardees Gagan Narang and N. Kunjurani Devi. It will recommend names for the Chairperson and two Members of the Board.
Key facts- Committee head: Cabinet Secretary Dr T. V. Somanathan
- Members: 5 in all, incl. Gagan Narang, N. Kunjurani Devi
- Law: National Sports Governance Act, 2025
- Task: recommend Chairperson and two Members of National Sports Board
Exam takeaway: The National Sports Board is to be the authority recognising National Sports Federations.
Quick revision: Search-cum-Selection Committee for National Sports Board constituted 15 June 2026 (PIB).
Press Information Bureau original source