Banking and RBI
RBI imposes Rs 10,000 penalty on Dharmavir Sambhaji Urban Co-operative Bank, Pune
2 July 2026 | Reserve Bank of India
By an order dated 29 June 2026, the RBI imposed a monetary penalty of Rs 10,000 on Dharmavir Sambhaji Urban Cooperative Bank Ltd, Pune, Maharashtra, for non-compliance with directions on Know Your Customer (KYC).
The penalty is under Section 47A(1)(c) read with Sections 46(4)(i) and 56 of the Banking Regulation Act, 1949, following a statutory inspection with reference to the bank's financial position as on 31 March 2025.
Key facts- Bank: Dharmavir Sambhaji UCB, Pune
- Penalty: Rs 10,000
- Reason: KYC directions
- Order date: 29 June 2026
Exam takeaway: KYC compliance is a recurring regulatory theme.
Quick revision: RBI penalises Pune UCB Rs 10,000 for KYC non-compliance (RBI, 2 July).
Reserve Bank of India original sourceEconomy and Finance
Underwriting auction for Rs 34,000 crore 6.94% GS 2036 on 3 July 2026
2 July 2026 | Reserve Bank of India
The RBI notified that the Government of India announced the re-issue of 6.94% GS 2036 for Rs 34,000 crore through an auction scheduled for 3 July 2026 (Friday).
Under the underwriting scheme notified on 14 November 2007, the Minimum Underwriting Commitment per Primary Dealer is Rs 810 crore, with the same minimum bidding commitment under the Additional Competitive Underwriting auction.
Key facts- Security: 6.94% GS 2036 (re-issue)
- Notified amount: Rs 34,000 crore
- Auction date announced: 3 July 2026
- MUC per PD: Rs 810 crore
Exam takeaway: Primary Dealers underwrite government security auctions.
Quick revision: 6.94% GS 2036 auction of Rs 34,000 crore announced for 3 July (RBI).
Reserve Bank of India original sourceNational and International Affairs
Indian Railways carries 142 million tonnes in June 2026
2 July 2026 | Press Information Bureau
PIB said Indian Railways carried 142 million tonnes of freight in June 2026. Fertilizer loading grew by 19.1 per cent, iron ore by 9.4 per cent and coal supply to power plants by 7 per cent over the previous year's month.
Freight loading crossed 419 million tonnes in the first quarter of FY 2026-27, surpassing the first quarter of FY 2025-26. Passenger traffic reached nearly 64 crore, served by 164 Vande Bharat and 72 Amrit Bharat services during the summer.
Key facts- June 2026 freight: 142 million tonnes
- Q1 FY 2026-27 loading: over 419 million tonnes
- Fertilizer loading growth: 19.1%
- Services: 164 Vande Bharat and 72 Amrit Bharat
Exam takeaway: Railway freight is a key logistics indicator.
Quick revision: Railways freight 142 MT in June 2026; Q1 above 419 MT (PIB).
Press Information Bureau original source