Banking and RBI
PIB: RBI swap facility mobilised US$ 73 billion in under eleven weeks
24 August 2026 | Press Information Bureau
PIB said the RBI's special USD-INR forex swap facility for FCNR(B) deposits, OFCBs and ECBs, launched on 8 June 2026, mobilised total foreign exchange inflows of US$ 73 billion as on 21 August 2026, of which FCNR(B) deposits accounted for US$ 65.40 billion.
PIB said that US$ 73 billion in under eleven weeks, with another week to go, makes it the largest and fastest foreign-currency inflow of its kind, as cited in the release.
Key facts- Total inflows till 21 Aug 2026: US$ 73 billion
- FCNR(B) deposits: US$ 65.40 billion
- Facility launched: 8 June 2026
- Time taken: under eleven weeks
Exam takeaway: The exact RBI figure was US$ 72,848 million (RBI release of 22 August).
Quick revision: Swap facility mobilises US$ 73 billion (PIB, 24 August 2026).
Press Information Bureau original sourceBanking and RBI
Government announces re-issue of 6.94% GS 2036 for Rs 34,000 crore, auction on 28 August
24 August 2026 (announcement) | Reserve Bank of India
The RBI announced, on behalf of the Government of India, the sale (re-issue) of one dated security, 6.94% GS 2036 (repayment 11 May 2036), for a notified amount of Rs 34,000 crore. The auction is scheduled for 28 August 2026 with settlement on 31 August.
The Government has the option to retain additional subscription up to Rs 2,000 crore. This is an announcement; the result is a separate release.
Key facts- Security: 6.94% GS 2036
- Notified amount: Rs 34,000 crore
- Auction date (scheduled): 28 August 2026
- Greenshoe: up to Rs 2,000 crore
Exam takeaway: This is a single-security auction, unlike the four-security sale of 14 August.
Quick revision: Rs 34,000 crore 6.94% GS 2036 auction announced (RBI, 24 August 2026).
Reserve Bank of India original sourceBanking and RBI
Government appoints three more non-official Directors to RBI Central Board
24 August 2026 (media report) | The Indian Express (media report; primary page not read)
The Indian Express reported that the government appointed Annie George Mathew (former senior finance ministry official), Janmejaya Kumar Sinha (economist and management consultant) and Syed Akbaruddin (former diplomat) as part-time, non-official directors on the RBI Central Board for four years.
The appointments were approved by the Appointments Committee of the Cabinet under Section 8(1)(c) of the RBI Act, 1934. The report said the board's strength was 11 before the appointments, including the Governor and Deputy Governors, and becomes 14 after them.
Key facts- New directors: Annie George Mathew, Janmejaya Kumar Sinha, Syed Akbaruddin
- Term: four years
- Approved under: Section 8(1)(c), RBI Act, 1934
- Board strength after appointments: 14 (reported)
Exam takeaway: Earlier on 20 August, S. Somanath and Anand Mahindra were named to the board.
Quick revision: Three more RBI Central Board directors (Indian Express, 24 August 2026).
The Indian Express (media report; primary page not read) original sourceEconomy and Finance
Goyal in Tokyo: India to amend rules within two months for semiconductor and auto component makers
24 August 2026 | ThePrint / PTI (media report; primary page not read)
PTI reported that Commerce and Industry Minister Piyush Goyal said in Tokyo on Monday (24 August 2026) that India will amend its regulations within the next two months to address concerns of semiconductor equipment and auto component manufacturers. He was speaking at a fireside chat with Nikkei Asia.
He said the government has significantly simplified the Bureau of Indian Standards (BIS) framework and is working to ease the approval process.
Key facts- Speaker: Piyush Goyal
- Location: Tokyo
- Timeline promised: within two months
- Regulatory area mentioned: BIS framework
Exam takeaway: BIS is the Bureau of Indian Standards.
Quick revision: Goyal promises rule amendments in two months (PTI via ThePrint, 24 August 2026).
ThePrint / PTI (media report; primary page not read) original source