Banking and RBI
RBI issues final TReDS Directions, 2026
23 June 2026 | Reserve Bank of India
The RBI on 23 June 2026 issued the Reserve Bank of India (Trade Receivables Discounting System) Directions, 2026, after placing draft directions in the public domain on 8 April 2026.
The draft proposed rationalising and harmonising the TReDS framework, removing the requirement of due diligence for MSME sellers, and revising capital requirements for TReDS operators. Feedback was incorporated in the final Directions, which come into effect immediately unless indicated otherwise.
Key facts- Directions: RBI (Trade Receivables Discounting System) Directions, 2026
- Draft issued: 8 April 2026
- Change: due diligence for MSME sellers removed (per draft, finalised after feedback)
- Effect: immediate unless indicated otherwise
Exam takeaway: TReDS is an electronic platform where MSME receivables are discounted by financiers.
Quick revision: RBI issues final TReDS Directions, 2026 on 23 June.
Reserve Bank of India original sourceBanking and RBI
RBI: 7-day VRR auction of Rs 2,00,000 crore draws bids of Rs 1,41,171 crore at 5.26%
23 June 2026 | Reserve Bank of India
The RBI's result for the 7-day Variable Rate Repo auction held on 23 June 2026 shows a notified amount of Rs 2,00,000 crore, total bids received of Rs 1,41,171 crore, all allotted, at a cut-off rate and weighted average rate of 5.26 per cent.
Separately, the RBI announced that the Government of India will buy back securities through auction for an aggregate Rs 30,000 crore (face value): 7.33% GS 2026, 5.74% GS 2026, 8.15% GS 2026 and 8.24% GS 2027. Offers are due on 29 June 2026, with settlement on 30 June.
Key facts- VRR (7-day): notified Rs 2,00,000 cr; bids and allotment Rs 1,41,171 cr
- Cut-off and weighted average rate: 5.26%
- Buyback: Rs 30,000 crore face value, auction 29 June
- Buyback settlement: 30 June 2026
Exam takeaway: A bond buyback retires government securities before maturity using surplus cash.
Quick revision: 7-day VRR Rs 1,41,171 crore allotted at 5.26% (RBI, 23 June 2026).
Reserve Bank of India original sourceGovernment Schemes
DICV joins Delhi-NCR old trucks and buses replacement scheme: 8% discount
23 June 2026 | Press Information Bureau
PIB said an MoU was signed on 23 June 2026 between the Ministry of Road Transport and Highways and Daimler India Commercial Vehicles (DICV, Bharat Benz) under the Centre's scheme for replacement of old trucks and buses in the Delhi-NCR region. The OEM will give an 8 per cent discount on the ex-showroom price of eligible vehicles.
Besides the OEM discount, the Central Government will provide 5 per cent interest subvention and fixed monthly fuel vouchers for five years. Participating State Governments will give up to 100 per cent concession on motor vehicle tax for ten years and waive registration fees.
Key facts- Scheme: replacement of old trucks and buses, Delhi-NCR
- OEM discount: 8% of ex-showroom price (DICV)
- Centre: 5% interest subvention and fuel vouchers for 5 years
- States: up to 100% motor vehicle tax concession for 10 years
Exam takeaway: The scheme was approved by the Cabinet on 3 June 2026 (see 3 June edition) and OEMs join through MoUs.
Quick revision: DICV joins Delhi-NCR vehicle replacement scheme with 8% discount (PIB, 23 June).
Press Information Bureau original source