Banking and RBI
RBI imposes Rs 1.80 lakh penalty on Valuefin India Credit Services Private Limited
13 August 2026 (order dated 11 August) | Reserve Bank of India
The RBI said that by an order dated 11 August 2026 it imposed a monetary penalty of Rs 1.80 lakh on Valuefin India Credit Services Private Limited for non-compliance with directions on 'Acquisition of Shareholding or Control'.
The penalty was imposed under Section 58G(1)(b) read with Section 58B(5)(aa) of the RBI Act, 1934, after the company failed to seek post-facto approval for acquisition of more than 26 per cent of its paid-up equity capital by new investors.
Key facts- Penalty: Rs 1.80 lakh
- Order date: 11 August 2026
- Provision: Section 58G(1)(b) read with 58B(5)(aa), RBI Act, 1934
- Subject: acquisition of shareholding or control
Exam takeaway: Penalties do not comment on the validity of the underlying transactions.
Quick revision: RBI penalty on Valuefin India Credit Services (RBI, 13 August 2026).
Reserve Bank of India original sourceEconomy and Finance
RBI announces 3-day VRRR auction of Rs 1,50,000 crore for 14 August 2026
13 August 2026 (announcement) | Reserve Bank of India
On 13 August 2026 the RBI announced a 3-day Variable Rate Reverse Repo (VRRR) auction under the Liquidity Adjustment Facility for Friday, 14 August 2026, with a notified amount of Rs 1,50,000 crore. The window is 9:30 AM to 10:00 AM and the date of reversal is 17 August 2026.
This is an announcement; the auction result is published separately.
Key facts- Tenor: 3 days
- Notified amount: Rs 1,50,000 crore
- Auction date (scheduled): 14 August 2026
- Reversal date: 17 August 2026
Exam takeaway: The notified amount of the VRRR rose from Rs 1,25,000 crore on 11 August.
Quick revision: RBI announces Rs 1,50,000 crore 3-day VRRR (RBI, 13 August 2026).
Reserve Bank of India original sourceGovernment Schemes
Rare Earth Permanent Magnet scheme: 20 bids received, Rs 7,280 crore outlay
13 August 2026 | Press Information Bureau
PIB said the Ministry of Heavy Industries received 20 bids through a global tender for the Scheme to Promote Manufacturing of Sintered Rare Earth Permanent Magnet (REPM), which has a financial outlay of Rs 7,280 crore. Technical bids were opened on 13 August 2026; the last date for bids was 12 August 2026.
The scheme, notified on 15 December 2025, aims to set up 6,000 MTPA of integrated REPM capacity among five beneficiaries, each allotted up to 1,200 MTPA. Its duration is 7 years from award: a 2-year gestation period and 5 years of incentive disbursement.
Key facts- Outlay: Rs 7,280 crore
- Bids received: 20
- Capacity: 6,000 MTPA, five beneficiaries, up to 1,200 MTPA each
- Duration: 7 years (2-year gestation plus 5-year incentive)
Exam takeaway: REPMs are used in EVs, wind turbines, electronics and defence systems.
Quick revision: REPM scheme draws 20 bids (PIB, 13 August 2026).
Press Information Bureau original source