Banking and RBI
RBI swap facility: USD 20,718 million mobilised till 17 July 2026
20 July 2026 | Reserve Bank of India
The RBI said its concessional swap facility for fresh FCNR(B) deposits, OFCB and ECB inflows, announced on 5 June 2026 and operationalised on 8 June 2026, has seen steady forex inflows. The facility is available up to 30 September 2026 for FCNR(B) deposits and up to 31 December 2026 for OFCBs and ECBs.
Inflows mobilised till 17 July 2026: FCNR(B) deposits USD 17,406 million, OFCBs USD 1,970 million and ECBs USD 1,342 million, a total of USD 20,718 million.
Key facts- Total mobilised till 17 July 2026: USD 20,718 million
- FCNR(B) deposits: USD 17,406 million
- FCNR(B) window: up to 30 September 2026
- OFCB and ECB window: up to 31 December 2026
Exam takeaway: The facility aims to strengthen the balance of payments by incentivising capital inflows.
Quick revision: RBI swap facility mobilised USD 20,718 million till 17 July (RBI, 20 July 2026).
Reserve Bank of India original sourceBanking and RBI
RBI imposes Rs 13.30 lakh penalty on Kolhapur District Central Co-op Bank
20 July 2026 | Reserve Bank of India
By an order dated 17 July 2026, the RBI imposed a monetary penalty of Rs 13.30 lakh on Kolhapur District Central Co-op Bank Ltd., Maharashtra, for non-compliance with provisions of Section 20(1) read with Section 56 of the Banking Regulation Act, 1949.
The statutory inspection was conducted by NABARD with reference to the bank's financial position as on 31 March 2025.
Key facts- Bank: Kolhapur District Central Co-op Bank Ltd.
- Penalty: Rs 13.30 lakh
- Order date: 17 July 2026
- Inspection by: NABARD
Exam takeaway: Co-operative banks are regulated under the Banking Regulation Act, 1949 as applicable.
Quick revision: RBI penalises Kolhapur DCC Bank Rs 13.30 lakh (RBI, 20 July 2026).
Reserve Bank of India original sourceBanking and RBI
RBI 7-day VRR auction result: Rs 72,051 crore allotted at 5.26 per cent
20 July 2026 | Reserve Bank of India
In the 7-day VRR auction held on 20 July 2026, against a notified amount of Rs 1,25,000 crore, bids of Rs 72,051 crore were received and the same amount was allotted.
The cut-off rate and the weighted average rate were both 5.26 per cent.
Key facts- Notified: Rs 1,25,000 crore
- Bids received and allotted: Rs 72,051 crore
- Cut-off rate: 5.26%
- Tenor: 7 days
Exam takeaway: A cut-off rate is the rate at which the last bid was accepted.
Quick revision: 7-day VRR result: Rs 72,051 crore at 5.26% (RBI, 20 July 2026).
Reserve Bank of India original sourceGovernment Schemes
Pre-Application Conference held for Rs 37,500 crore Coal/Lignite Gasification Scheme
20 July 2026 | Press Information Bureau
PIB said the Ministry of Coal conducted the Pre-Application Conference for the Rs 37,500 crore Scheme for Promotion of Surface Coal/Lignite Gasification Projects, chaired by Additional Secretary Sanoj Kumar Jha.
The Ministry clarified the Scheme Guidelines and the Request for Proposal, covering eligibility, evaluation methodology, financial incentives and the application process.
Key facts- Scheme outlay: Rs 37,500 crore
- Ministry: Coal
- Chaired by: Sanoj Kumar Jha, Additional Secretary
- Event: Pre-Application Conference
Exam takeaway: The scheme promotes cleaner use of domestic coal through gasification.
Quick revision: Coal gasification scheme (Rs 37,500 crore) pre-application conference (PIB, 20 July).
Press Information Bureau original source