Banking and RBI
RBI: FCNR(B) swap facility open only for deposits mobilised till 31 August 2026; inflows at US$ 56,846 million
14 August 2026 | Reserve Bank of India
The RBI said the special USD-INR Forex Swap facility for FCNR(B) deposits, ECBs and OFCB inflows, introduced on 8 June 2026, had drawn total inflows of US$ 56,846 million as reported by Authorised Dealer banks till 13 August 2026: FCNR(B) deposits US$ 52,300 million, OFCBs US$ 2,805 million and ECBs US$ 1,741 million.
Given the encouraging response, the swap facility for FCNR(B) deposits will be available only for deposits mobilised till 31 August 2026, and swaps may be availed with the RBI till 11 September 2026. The scheme for ECBs and OFCBs stays open till 31 December 2026.
Key facts- Total inflows till 13 Aug 2026: US$ 56,846 mn
- FCNR(B) deposits: US$ 52,300 mn
- FCNR(B) deposits eligible till: 31 August 2026
- ECB and OFCB scheme open till: 31 December 2026
Exam takeaway: OFCB means Overseas Foreign Currency Borrowings.
Quick revision: FCNR(B) swap window curtailed to 31 August 2026 (RBI, 14 August 2026).
Reserve Bank of India original sourceBanking and RBI
RBI imposes Rs 59.20 lakh penalty on IndusInd Bank Limited
14 August 2026 | Reserve Bank of India
The RBI said that by an order dated 14 August 2026 it imposed a monetary penalty of Rs 59.20 lakh on IndusInd Bank Limited for non-compliance with provisions of directions on 'Interest Rate on Deposits' and 'Securitisation of Standard Assets'.
The penalty was imposed under Section 47A(1)(c) read with Section 46(4)(i) of the Banking Regulation Act, 1949, based on a Statutory Inspection for Supervisory Evaluation with reference to the bank's financial position as on 31 March 2025.
Key facts- Penalty: Rs 59.20 lakh
- Order date: 14 August 2026
- Provision: Section 47A(1)(c) read with 46(4)(i), Banking Regulation Act, 1949
- Subjects: interest rate on deposits, securitisation of standard assets
Exam takeaway: The Banking Regulation Act, 1949 governs penalties on banks.
Quick revision: RBI penalty on IndusInd Bank (RBI, 14 August 2026).
Reserve Bank of India original sourceEconomy and Finance
G-Sec auction result of 14 August 2026: all four securities fully accepted, Rs 32,000 crore
14 August 2026 | Reserve Bank of India
The results of the auction of Government dated securities held on 14 August 2026 show full acceptance of the notified Rs 32,000 crore with nil devolvement on primary dealers. The cut-off was 6.20 per cent for New GS 2029 and 6.57 per cent for New GS 2033.
The 7.24% GS 2055 was accepted at a cut-off price of Rs 98.66 (implicit yield 7.3523 per cent) and the 7.50% GOI SGrB 2056 at Rs 102.19 (7.3169 per cent). This is the result of the sale announced on 10 August 2026.
Key facts- Amount accepted: Rs 32,000 crore (all four)
- New GS 2029 cut-off: 6.20%; New GS 2033: 6.57%
- 7.24% GS 2055 implicit yield: 7.3523%
- Devolvement on primary dealers: nil
Exam takeaway: Nil devolvement means primary dealers had to take up no unsold amount.
Quick revision: G-Sec auction of 14 August fully accepted (RBI).
Reserve Bank of India original source