Banking and RBI
OMO sale of 17 September 2026: Rs 50,000 crore tranche across six securities
17 September 2026 | Reserve Bank of India
RBI released the cut-offs of the OMO sale of Government securities held on 17 September 2026, the first tranche of the Rs 1,00,000 crore programme announced on 11 September, with an aggregate notified amount of Rs 50,000 crore and no security-wise notified amount.
Face value accepted was Rs 7,005 crore of 7.59% GS 2029, Rs 7,255 crore of 6.79% GS 2029, Rs 1,005 crore of 7.61% GS 2030, Rs 12,645 crore of 5.77% GS 2030, Rs 3,250 crore of 6.68% GS 2031 and Rs 18,840 crore of 8.28% GS 2032. Cut-off yields ranged from 6.6007 per cent to 7.0090 per cent. Detailed results were to be issued separately.
Key facts- Tranche notified: Rs 50,000 crore
- Highest amount accepted: 8.28% GS 2032, Rs 18,840 crore
- Lowest cut-off yield: 6.6007% (7.59% GS 2029)
- Highest cut-off yield: 7.0090% (8.28% GS 2032)
Exam takeaway: The next tranche, of Rs 25,000 crore, is scheduled for 21 September.
Quick revision: OMO sale cut-offs of 17 September (RBI).
Reserve Bank of India original sourceBanking and RBI
RBI cancels Certificate of Registration of 5 NBFCs; 8 more surrender theirs
17 September 2026 | Reserve Bank of India
RBI, exercising powers under Section 45-IA(6) of the RBI Act, 1934, cancelled the Certificate of Registration of five NBFCs, including Dar's Financial Services Pvt Ltd (Kolkata) and Rolta Holding and Finance Corporation Private Limited (Mumbai), by orders dated between 3 and 6 August 2026 for the listed companies.
In a separate release the same day, RBI said eight NBFCs, including Anupam Mercantile Limited, surrendered their Certificates of Registration and RBI therefore cancelled them under the same section.
Key facts- Cancelled by RBI: 5 NBFCs
- Surrendered: 8 NBFCs
- Power used: Section 45-IA(6), RBI Act, 1934
- Example: Rolta Holding and Finance Corporation Pvt Ltd
Exam takeaway: Section 45-IA of the RBI Act governs NBFC registration.
Quick revision: NBFC CoR cancellations (RBI, 17 September 2026).
Reserve Bank of India original source Surrender of 8 NBFCs (RBI)Economy and Finance
Overnight VRRR auction of 17 September 2026 accepts Rs 2,39,959 crore
17 September 2026 | Reserve Bank of India
In the overnight Variable Rate Reverse Repo auction held on 17 September 2026, against a notified amount of Rs 3,00,000 crore, offers of Rs 2,39,959 crore were received and all accepted at a cut-off rate of 5.24 per cent.
Key facts- Notified: Rs 3,00,000 crore
- Accepted: Rs 2,39,959 crore
- Cut-off rate: 5.24%
- Tenor: 1 day
Exam takeaway: Offers were below the notified amount, so no partial acceptance applied.
Quick revision: Overnight VRRR result of 17 September (RBI).
Reserve Bank of India original sourceGovernment Schemes
EPFO wage ceiling of Rs 25,000 takes effect from 17 September 2026
17 September 2026 | Press Information Bureau
PIB said the Cabinet-approved increase in the EPFO wage ceiling from Rs 15,000 to Rs 25,000 per month has come into effect from 17 September 2026, coinciding with Vishwakarma Jayanti. The revision comes after nearly 12 years and is expected to bring around 51 lakh additional employees within the EPF framework.
This follows the Cabinet decision reported by PIB on 16 September.
Key facts- New ceiling: Rs 25,000 per month
- Effective from: 17 September 2026
- Gap since last revision: nearly 12 years
- Expected additional employees: around 51 lakh
Exam takeaway: The first reporting of the decision was in the 16 September edition.
Quick revision: EPFO wage ceiling effective date (PIB, 17 September 2026).
Press Information Bureau original source