Banking and RBI
RBI buyback auction of government securities: Rs 7,388.194 crore accepted
29 June 2026 | Reserve Bank of India
The RBI's result of the buyback auction of Government of India dated securities (29 June 2026) shows an aggregate amount of Rs 30,000 crore notified, Rs 7,694.224 crore offered by participants and Rs 7,388.194 crore accepted at face value.
The securities were 7.33% GS 2026, 5.74% GS 2026, 8.15% GS 2026 and 8.24% GS 2027. The largest acceptance was Rs 2,925.252 crore in the 8.15% GS 2026 and the cut-off price on 8.24% GS 2027 was Rs 101.61.
Key facts- Notified: Rs 30,000 crore
- Offered: Rs 7,694.224 crore
- Accepted: Rs 7,388.194 crore (face value)
- Four securities bought back
Exam takeaway: A buyback is the government retiring debt early using RBI auctions.
Quick revision: RBI buyback auction accepted Rs 7,388.194 crore (RBI, 29 June 2026).
Reserve Bank of India original sourceBanking and RBI
RBI imposes monetary penalties on two co-operative banks
29 June 2026 | Reserve Bank of India
By orders dated 25 June 2026, the RBI imposed a monetary penalty of Rs 1.50 lakh on Sri Bharathi Co-operative Urban Bank Ltd, Hyderabad, for non-compliance with directions on loans and advances to directors and relatives and on small value loans for UCBs.
The RBI also imposed Rs 5 lakh on The Citizens Urban Cooperative Bank Ltd, Jalandhar, Punjab, for non-compliance with directions on exposure norms and the Comprehensive Cyber Security Framework for UCBs. Both penalties are under Section 47A(1)(c) read with Sections 46(4)(i) and 56 of the Banking Regulation Act, 1949.
Key facts- Sri Bharathi UCB, Hyderabad: Rs 1.50 lakh
- Citizens UCB, Jalandhar: Rs 5 lakh
- Order date: 25 June 2026
- Law: Banking Regulation Act, 1949, Section 47A(1)(c)
Exam takeaway: Penalties are regulatory actions and do not by themselves invalidate customer transactions.
Quick revision: RBI penalties: Rs 1.50 lakh Sri Bharathi UCB; Rs 5 lakh Citizens UCB (RBI, 29 June 2026).
Reserve Bank of India original sourceEconomy and Finance
Cabinet approves additional Rs 30,000 crore for NIIF; total commitment Rs 60,000 crore
29 June 2026 | Press Information Bureau
PIB said on 29 June 2026 that the Union Cabinet, last week, approved an additional Government of India investment commitment of Rs 30,000 crore towards new and upcoming funds of the National Investment and Infrastructure Fund (NIIF). This takes the Government's total commitment to NIIF to Rs 60,000 crore.
NIIF is India's Sovereign Anchored Fund, managed by National Investment and Infrastructure Fund Limited (NIIFL). The Government of India is a 49% shareholder, and NIIF manages capital commitments of about Rs 40,000 crore and has returned close to Rs 12,000 crore to investors through portfolio exits. The Hindu reported that the new money will set up NIIF Infrastructure Fund II, the successor to its first flagship infrastructure fund.
Key facts- Additional commitment: Rs 30,000 crore
- Total GoI commitment to NIIF: Rs 60,000 crore
- GoI shareholding in NIIF: 49%
- Manager: NIIFL
Exam takeaway: NIIF is a sovereign-anchored fund for infrastructure investment.
Quick revision: Cabinet approves Rs 30,000 crore more for NIIF; total Rs 60,000 crore (PIB, 29 June 2026).
Press Information Bureau original source