Banking and RBI
RBI draft KYC Amendment Directions, 2026 on temporary debit holds in money-mule cases
11 September 2026 | Reserve Bank of India
RBI invited comments on the draft Reserve Bank of India (Know Your Customer) Amendment Directions, 2026. The KYC Directions, 2025 already carry instructions on operations of bank accounts and money mules.
The draft follows a Supreme Court order of 4 August 2026 directing RBI to adopt and circulate a Standard Operating Procedure (SOP) prescribing action by banks for placing temporary debit holds on amounts or accounts linked to money-mule activity and cyber-enabled fraud.
Key facts- Draft: RBI (KYC) Amendment Directions, 2026
- Trigger: Supreme Court order of 4 August 2026
- Subject: temporary debit holds, money-mule activity
- Existing directions: KYC Directions, 2025
Exam takeaway: A money mule is a person whose account is used to move proceeds of fraud.
Quick revision: Draft KYC amendment on money mules (RBI, 11 September 2026).
Reserve Bank of India original sourceBanking and RBI
RBI announces OMO sale of Government securities worth Rs 1,00,000 crore in three tranches
11 September 2026 (announcement) | Reserve Bank of India
On a review of current and evolving liquidity conditions, RBI decided to conduct open market operations (OMO) sale auctions of Government of India securities for an aggregate Rs 1,00,000 crore, in three tranches of Rs 50,000 crore, Rs 25,000 crore and Rs 25,000 crore, to be held on 17, 21 and 28 September 2026, using the multi-security multiple price method.
The 17 September tranche offers securities such as 7.59% GS 2029, 6.79% GS 2029 and 7.61% GS 2030, with no security-wise notified amount. These auctions are scheduled; results are separate releases.
Key facts- Aggregate OMO sale: Rs 1,00,000 crore
- Tranches: Rs 50,000 cr, Rs 25,000 cr, Rs 25,000 cr
- Scheduled dates: 17, 21 and 28 September 2026
- Method: multi-security, multiple price
Exam takeaway: OMO sales absorb liquidity from the banking system.
Quick revision: OMO sale of Rs 1,00,000 crore announced (RBI, 11 September 2026).
Reserve Bank of India original sourceBanking and RBI
G-Sec auction of 11 September 2026: 6.20% GS 2029 partially accepted, New GS 2056 cut-off 7.63%
11 September 2026 | Reserve Bank of India
In the Government stock auction of 11 September 2026, 6.20% GS 2029 (notified Rs 11,000 crore) had a cut-off price of Rs 99.46, implicit yield 6.4031 per cent, and only Rs 4,505.529 crore was accepted. 6.57% GS 2033 (Rs 11,000 crore) cleared at Rs 98.36, yield 6.8703 per cent, fully accepted.
New GS 2056 (Rs 10,000 crore) had a cut-off yield of 7.63 per cent and was fully accepted. There was no devolvement on Primary Dealers.
Key facts- 6.20% GS 2029: partial acceptance of Rs 4,505.529 crore
- 6.57% GS 2033 cut-off yield: 6.8703%
- New GS 2056 cut-off yield: 7.63%
- Devolvement on PDs: nil
Exam takeaway: Devolvement means Primary Dealers take up unsubscribed amounts.
Quick revision: G-Sec auction results (RBI, 11 September 2026).
Reserve Bank of India original sourceEconomy and Finance
4-day VRRR auction of 11 September 2026 accepts Rs 3,44,864 crore
11 September 2026 | Reserve Bank of India
In the 4-day Variable Rate Reverse Repo auction held on 11 September 2026, against a notified amount of Rs 5,00,000 crore, offers of Rs 3,44,864 crore were received and all accepted at a cut-off rate of 5.24 per cent.
RBI also announced an overnight VRRR auction for 15 September 2026 of Rs 5,00,000 crore, reversing on 16 September.
Key facts- Tenor: 4 days
- Notified: Rs 5,00,000 crore
- Accepted: Rs 3,44,864 crore
- Cut-off rate: 5.24%
Exam takeaway: Its 4-day tenor spans the weekend.
Quick revision: 4-day VRRR result of 11 September (RBI).
Reserve Bank of India original source