Banking and RBI
Delhi High Court orders winding up of Paytm Payments Bank Limited
28 July 2026 | Reserve Bank of India
The RBI said it cancelled the banking licence of Paytm Payments Bank Limited (PPBL) under Section 22(4) of the Banking Regulation Act, 1949, effective from close of business on 24 April 2026, and applied to the Delhi High Court for its winding up.
By an order of 8 July 2026 read with the order of 22 July 2026, the Delhi High Court ordered that PPBL be wound up and appointed Girikumar M Nair, former CGM of State Bank of India, as Official Liquidator.
Key facts- Licence cancelled: effective 24 April 2026
- Provision: Section 22(4), BR Act, 1949
- Court: Delhi High Court
- Official Liquidator: Girikumar M Nair
Exam takeaway: Section 22 of the BR Act deals with licensing of banking companies.
Quick revision: Paytm Payments Bank wound up; liquidator appointed (RBI, 28 July 2026).
Reserve Bank of India original sourceBanking and RBI
RBI announces overnight VRR auction of Rs 50,000 crore on 29 July 2026
28 July 2026 | Reserve Bank of India
The RBI said it would conduct an overnight (1-day) Variable Rate Repo auction on Wednesday, 29 July 2026, for a notified amount of Rs 50,000 crore, with reversal on Thursday, 30 July 2026.
The window is 9:30 AM to 10:00 AM.
Key facts- Notified amount: Rs 50,000 crore
- Tenor: 1 day
- Auction date announced: 29 July 2026
- Reversal: 30 July 2026
Exam takeaway: Overnight VRR auctions have a one-day tenor.
Quick revision: Overnight VRR of Rs 50,000 crore announced for 29 July (RBI).
Reserve Bank of India original sourceEconomy and Finance
G-Sec buyback auction result: Rs 12,604.078 crore accepted
28 July 2026 | Reserve Bank of India
In the buyback auction of Government of India dated securities held on 28 July 2026, against an aggregate notified amount of Rs 20,000 crore, participants offered Rs 16,959.078 crore (face value) and Rs 12,604.078 crore was accepted.
Of the four securities, the largest acceptance was in 7.33% GS 2026 (Rs 8,960.691 crore). Cut-off prices were Rs 100.48 (7.33% GS 2026), Rs 100.10 (5.74% GS 2026), Rs 100.86 (8.15% GS 2026) and Rs 101.40 (8.24% GS 2027).
Key facts- Notified: Rs 20,000 crore
- Offered: Rs 16,959.078 crore
- Accepted: Rs 12,604.078 crore
- Largest acceptance: 7.33% GS 2026
Exam takeaway: The result follows the buyback announced on 23 July 2026.
Quick revision: G-Sec buyback accepted Rs 12,604.078 crore (RBI, 28 July 2026).
Reserve Bank of India original sourceGovernment Schemes
PMAY-G: 97.48 lakh houses sanctioned under the new phase
28 July 2026 | Press Information Bureau
PIB said the Union Cabinet approved the continuation of PMAY-G during FY 2024-25 to 2028-29 for construction of 2 crore additional houses. Out of a target of 1.22 crore allocated to States, 97.48 lakh houses have been sanctioned.
Since FY 2024-25 a central share of Rs 49,407.96 crore has been released, and Rs 88,426.76 crore utilised including the State matching share.
Key facts- Phase: FY 2024-25 to 2028-29
- Houses approved: 2 crore additional
- Houses sanctioned: 97.48 lakh
- Central share released: Rs 49,407.96 crore
Exam takeaway: PMAY-G is the rural housing scheme of the Ministry of Rural Development.
Quick revision: PMAY-G: 97.48 lakh houses sanctioned (PIB, 28 July 2026).
Press Information Bureau original source