Banking and RBI
Banks to remain open on Sunday 27 September 2026 ahead of proposed UFBU strike
23 September 2026 | Press Information Bureau
PIB said that, in view of the proposed three-day nationwide bank strike called by the United Forum of Bank Unions (UFBU) from 28 to 30 September 2026, all Public Sector Banks and Regional Rural Banks will function normally on Sunday, 27 September 2026.
The RBI granted approval for all bank branches, offices, ATM-link branches and Currency Chests to remain fully operational on 27 September. The Government and bank managements have appealed to the unions to defer the proposed strike.
Key facts- Proposed strike: 28 to 30 September 2026
- Strike called by: United Forum of Bank Unions
- Open on: Sunday, 27 September 2026
- Applies to: Public Sector Banks and Regional Rural Banks
Exam takeaway: This is an announcement of arrangements; the strike was described as proposed.
Quick revision: Banks open on 27 September (PIB, 23 September 2026).
Press Information Bureau original sourceBanking and RBI
RBI overnight VRRR auction of 23 September 2026: result
23 September 2026 | Reserve Bank of India
The RBI's result for the Overnight Variable Rate Reverse Repo (VRRR) auction held on 23 September 2026 showed a notified amount of Rs 75,000 crore, offers of Rs 87,993 crore and Rs 75,026 crore accepted.
The cut-off rate and the weighted average rate were both 5.24 per cent, with a partial acceptance percentage of 75.93 at the cut-off rate.
Key facts- Auction date: 23 September 2026
- Notified amount: Rs 75,000 crore
- Offers received: Rs 87,993 crore
- Accepted: Rs 75,026 crore
Exam takeaway: Partial acceptance applies when offers at the cut-off rate exceed the amount to be accepted.
Quick revision: RBI VRRR result (23 September 2026).
Reserve Bank of India original sourceBanking and RBI
RBI announces OMO sale of Government of India securities worth Rs 25,000 crore for 28 September
23 September 2026 (announcement) | Reserve Bank of India
On 23 September 2026 the RBI announced that it will conduct an Open Market Operation (OMO) sale auction of Government of India securities for an aggregate Rs 25,000 crore on 28 September 2026, as first announced in its release of 11 September 2026.
Six securities are on offer, from the 7.59% GS 2029 to the 7.26% GS 2032, with no security-wise notified amount. This is an announced auction; the result is not reported here.
Key facts- Auction date: 28 September 2026
- Aggregate amount: Rs 25,000 crore
- Securities offered: six GoI securities
- First announced: 11 September 2026
Exam takeaway: An OMO sale absorbs liquidity by selling securities to the market.
Quick revision: RBI OMO sale announcement (23 September 2026).
Reserve Bank of India original source