Banking and RBI
RBI imposes Section 35A directions on The Citizens Co-operative Bank Ltd., Jammu; withdrawal cap Rs 1,25,000
27 August 2026 | Reserve Bank of India
The RBI issued Directions dated 25 August 2026 under Section 35A read with Section 56 of the Banking Regulation Act, 1949 to The Citizens Co-operative Bank Ltd., Jammu. From the close of business on 27 August 2026 the bank cannot, without prior RBI approval, grant or renew loans, make investments, incur liabilities or accept fresh deposits.
Depositors may withdraw up to Rs 1,25,000 per depositor, and eligible depositors are entitled to DICGC deposit insurance up to Rs 5,00,000 in the same capacity and right under the DICGC Act, 1961.
Key facts- Bank: The Citizens Co-operative Bank Ltd., Jammu
- Effective: close of business on 27 August 2026
- Withdrawal cap: Rs 1,25,000 per depositor
- DICGC insurance cover: up to Rs 5,00,000
Exam takeaway: Section 35A with Section 56 applies these powers to co-operative banks.
Quick revision: Directions on Citizens Co-operative Bank, Jammu (RBI, 27 August 2026).
Reserve Bank of India original sourceEconomy and Finance
Overnight VRRR auction of 27 August 2026: Rs 1,42,622 crore accepted at 5.24 per cent
27 August 2026 | Reserve Bank of India
In the overnight Variable Rate Reverse Repo (VRRR) auction held on 27 August 2026, against a notified amount of Rs 2,00,000 crore, offers of Rs 1,42,622 crore were received and all accepted at a cut-off rate of 5.24 per cent.
The weighted average rate was also 5.24 per cent.
Key facts- Tenor: overnight (1-day)
- Notified: Rs 2,00,000 crore
- Accepted: Rs 1,42,622 crore
- Cut-off rate: 5.24%
Exam takeaway: Compare with the 7-day VRRR of 17 August (Rs 98,945 crore).
Quick revision: RBI overnight VRRR of 27 August (RBI).
Reserve Bank of India original sourceGovernment Schemes
Goyal concludes Japan visit; pushes for JPY 10 trillion Japanese private investment over next decade
27 August 2026 | Press Information Bureau
PIB said Commerce and Industry Minister Piyush Goyal concluded his official visit to Japan, covering Tokyo, Nagoya and Osaka, after talks with leaders of more than 30 major Japanese companies and financial institutions. He highlighted India's six-pillar semiconductor strategy.
He pushed for JPY 10 trillion of Japanese private investment in India over the next decade.
Key facts- Visit: Tokyo, Nagoya and Osaka
- Companies met: more than 30
- Investment ask: JPY 10 trillion over a decade
- Theme: six-pillar semiconductor strategy
Exam takeaway: This follows the visit announced on 23 August 2026.
Quick revision: Goyal concludes Japan visit (PIB, 27 August 2026).
Press Information Bureau original source