Fake website impersonation alert: central bank does not offer retail banking; avoid sharing personal data online.
A fake website impersonating the Reserve Bank offered retail banking services and online account openings; the Bank clarifies it does not offer commercial banking services and warns that submitting personal information on the fraudulent site may lead to compromise and misuse. The public is directed to the official website for authoritative press releases and guidance and is cautioned to verify sources and avoid sharing sensitive information on unauthorised sites.

Foreign exchange reserves variation shows net increase driven by capital account inflows despite valuation losses from currency and gold movements.
Reserve variation in 2013-14 was driven by net capital account inflows - chiefly foreign investment and banking capital including NRI deposits - which more than offset a moderated current account deficit; valuation changes from cross currency movements and falling gold prices produced a loss that lowered but did not eliminate the overall increase in foreign exchange reserves on both nominal and balance of payments bases.

Reference Rate update establishes benchmark rupee exchange values and links SDR-Rupee valuation to that benchmark.
Reserve Bank of India published the daily Reference Rate for the US dollar and the Euro, reported prior-day comparatives, and used the dollar reference and middle cross-currency rates to derive and publish rupee exchange rates for other currencies; it also specified that the SDR-Rupee rate will be based on the published reference rate.

Extension of regulatory directions on a cooperative bank continued for a further period; other terms unchanged and reviewable.
The central banking authority extended its directions to The Merchants' Co-operative Bank Ltd., Dhule for a further six-month period under a modified directive dated May 15, 2014, subject to review; all other terms remain unchanged and the modification is not to be construed as indicating satisfaction of substantive improvement in the bank's financial position.

Supervisory directions restrict depositor access and bar core banking operations pending regulatory remediation and prior approval.
Supervisory Directions limit depositor withdrawals and bar the bank from granting loans, making investments, incurring liabilities, accepting fresh deposits, disbursing payments, entering compromises, and disposing of assets except as authorised; these measures are issued under statutory banking regulation powers and do not constitute licence cancellation, with modifications possible and prior written approval required for otherwise prohibited actions.

Reference Rate updates affect exchange rate conversions and cross currency quotations for major currencies against the rupee.
The Reserve Bank of India published official Reference Rates for the US dollar and the Euro, compared them with the prior day's rates, and stated that the SDR Rupee rate will be based on the announced reference rate. The Bank also derived and published exchange rates for other currencies (illustrated for the pound sterling and the yen) by applying the US dollar reference rate together with middle cross currency quotes, providing official conversion benchmarks for market participants.

Reference Rate published for major currencies and underpins rupee conversions, cross-currency quotes, and SDR-Rupee computation.
The Reserve Bank of India's Reference Rate announcement publishes the daily benchmark exchange rates for the US dollar and Euro and derives bilateral rupee rates for other currencies (GBP, JPY) using middle cross-currency quotations; it also states that the SDR-Rupee rate will be based on this reference rate, establishing the reference rate as the operational basis for market conversions and official valuation.

Reference rate published by central bank sets USD/Euro benchmarks and underpins derived GBP, JPY and SDR Rupee conversions.
The Reserve Bank published the Reference Rate for the US dollar and the Euro for May 21, 2014, noting the previous day's rates; it derived GBP and JPY Rupee rates from the US dollar Reference Rate and middle cross currency quotes, and specified that the SDR Rupee rate is to be based on the Reference Rate.

Competition in banking: regulatory reforms propose differentiated licences and governance changes to boost inclusion and efficiency.
Regulatory reform should expand competition through differentiated bank licences (including small and payments banks), targeted relief from legacy obligations like SLR/CRR for long-term infrastructure finance, and tradable fulfilment of priority-sector targets, alongside governance and managerial autonomy reforms for public sector banks to enable them to compete while preserving public purpose.

Reference exchange rate announcement: RBI's published dollar and euro reference rates determine cross currency rates and SDR rupee linkage.
The Reserve Bank of India published daily reference rates for the US dollar and the euro on May 20, 2014, and, using the dollar reference rate with middle cross currency quotes, provided derived pound sterling and Japanese yen exchange rates for May 19 and May 20, 2014; the release specifies that the SDR rupee rate will be based on the published reference rate.

Government securities auction: uniform price sale with reserved non-competitive allotment and electronic bidding, followed by scheduled settlement.
The Reserve Bank of India will conduct uniform price auctions for the re-issue of four Central Government stocks on the announced auction date, with up to 5% of each notified amount reserved for eligible participants under the non-competitive bidding scheme. Competitive and non-competitive bids must be submitted electronically on the RBI Core Banking Solution (E-Kuber) within prescribed bid windows. Auction results will be announced on the auction date and payment/settlement will occur on the designated subsequent banking day. The stocks are eligible for when-issued trading under RBI guidelines.

Reference rate publication updates rupee exchange rates for major currencies and sets the basis for the SDR-rupee conversion.
Reserve Bank of India published official Reference Rates for the US dollar and the Euro and, using the US dollar reference and cross currency middle rates, derived rupee rates for the pound sterling and the Japanese yen; the statement specifies that the SDR-rupee rate will be based on the published reference rate.

Bank licence rejection for cooperative banks following regulatory non compliance, triggering prohibition on banking operations and liquidation.
Reserve Bank refused licence applications of the Buldhana, Nagpur and Wardha DCCBs after NABARD inspections found sustained financial deterioration and failure to meet licensing norms; show cause notices were issued and replies were unsatisfactory. The Registrar of Co operative Societies was requested to wind up the banks and appoint liquidators, the banks are prohibited from carrying on banking business under Section 5(b), and DICGC insured depositor payouts will be initiated on commencement of liquidation.

Banking licence rejection protects depositors; RBI prohibited the bank from conducting banking business and initiated winding up.
Reserve Bank refused the bank's licence application after NABARD and regulatory scrutiny found negative paid up capital and reserves, failure to meet minimum licensing norms and no viable revival plan. The regulator placed the bank under directions for liquidity stress, served show cause notices, and, finding replies unsatisfactory, requested winding up and appointment of a liquidator. Insured depositors will be paid under the deposit insurance framework and the bank is prohibited from carrying on banking business including acceptance and repayment of deposits.

Reference rate publication: RBI's exchange rate fixes determine rupee conversions and govern derived cross currency rates and SDR linkage.
The Reserve Bank of India announced its daily reference rates for the US dollar and the Euro, noting the previous day's rates. Using the US dollar reference rate with middle cross-currency quotes, the RBI derives exchange rates for other currencies including the British pound and the Japanese yen. The release further states that the SDR Rupee rate will be based on the published reference rate.

Reference exchange rates updated, impacting cross currency middle rates and derived rupee conversions for major currencies and SDR valuation.
The Reserve Bank published reference exchange rates for the US dollar and the euro on May 15, 2014, compared them with the previous reference rates, provided derived rupee quotations for GBP and JPY using cross currency middle rates, and stated that the SDR Rupee rate will be based on the reference rate.

CAG constitutional audit mandate extends to entities using public resources and revenue sharing, enabling parliamentary oversight.
The CAG has a constitutional mandate to audit entities that use public resources or enter revenue sharing contracts with the Government and is duty bound to report such matters to Parliament; audits will be independent, guided by defined protocols, risk assessment and public interest considerations, and targeted rather than routine, while institutional competence and forthcoming sectoral and PPP performance audits are asserted to protect public resources and market integrity.

Reference Rate adjustments determine cross currency exchange calculations and establish the SDR Rupee linkage for valuation by the central bank.
The Reserve Bank published daily Reference Rates for the US dollar and the Euro, comparing them with the previous day's values; derived cross currency exchange rates for the pound sterling and the yen are provided based on the US dollar Reference Rate and middle cross currency quotes. The Special Drawing Rights-Rupee rate is stated to be based on the published Reference Rate.

Reference rate publication establishes rupee exchange benchmarks and cross currency derived rates for major foreign currencies.
The central bank published official rupee reference rates for the US dollar and the Euro, compared them with the prior reference rates, indicated GBP and JPY rates derived from the US dollar reference and cross currency middle rates, and stated that the SDR Rupee conversion will be based on the published reference rate.

Currency issuance: New banknotes with rupee symbol and inset letter introduced; earlier notes remain legal tender.
Announcement of issuance of Rs.10 denomination banknotes in the Mahatma Gandhi Series 2005 incorporating the rupee symbol on obverse and reverse and an inset letter 'S' in both numbering panels; notes bear the Governor's signature and year of printing and otherwise mirror the earlier Rs.10 design. All previously issued Rs.10 banknotes continue to be legal tender, preserving continuity of acceptability.