Reference rate for US Dollar updates rupee cross currency rates and sets the SDR rupee basis for market use.
The Reserve Bank of India publishes a daily reference rate for the US Dollar which, together with middle rates of cross currency quotes, is used to calculate and publish exchange rates of other currencies against the Rupee; the SDR Rupee rate is likewise based on the published reference rate.

PMJDY account benefits expanded to existing accounts, adding RuPay debit cards, insurance cover and overdraft access.
Extension of PMJDY facilities permits existing account holders, on application, to receive RuPay debit cards with embedded accident insurance and access an overdraft after satisfactory account operations, with banks instructed to offer the overdraft to only one household member, preferably a woman. PMJDY implements universal banking access via mapped Sub Service Areas and fixed outlets through branches or Business Correspondents.

Reference rate for US Dollar published - determines exchange rates for EUR, GBP, JPY and SDR Rupee linkage.
The Reserve Bank published the Reference Rate for the US Dollar and, using that rate with middle cross currency quotes, provided exchange rates for the Euro, Pound Sterling and Japanese Yen against the Rupee; the SDR Rupee rate will be based on the Reference Rate.

Trade balance narrows as merchandise exports rise modestly and services generate a surplus, altering external sector dynamics.
India's merchandise exports in August 2014 rose modestly in dollar terms while rupee value exports declined for the month; cumulative April-August 2014-15 exports grew year on year in both dollar and rupee terms. Imports in August 2014 increased slightly in dollar terms but fell in rupee terms, and cumulative imports for April-August 2014-15 fell in dollar terms and rose marginally in rupee terms. Oil imports fell in August year on year though cumulative oil imports were slightly higher; non oil imports rose in August but fell cumulatively. The merchandise trade deficit narrowed year on year for April-August, and provisional services data for July 2014 show a services surplus.

Government securities auction: price-based multiple-price sale with non-competitive allocation via electronic bidding and scheduled settlement.
Sale (re-issue) of four specified Government stocks will be conducted by the Reserve Bank of India through a price-based auction using the Multiple price method; bids must be submitted electronically on E-Kuber within prescribed non-competitive and competitive time windows, up to five percent of each issue is reserved under the Non-Competitive Bidding Facility, auction results will be announced on the auction date and payment by successful bidders is scheduled on the stated settlement date, and the Stocks are eligible for When Issued trading under RBI guidelines.

Securities repurchase through reverse auction: government to prematurely redeem specified stocks via price-based multiple bids.
Government announces repurchase of specified government stocks by reverse auction to prematurely redeem securities using surplus cash; the exercise is ad hoc. Auctions will follow a price-based, multiple price method. Bids must be submitted electronically via the centralised core banking bidding system on the announced auction date within the published tender window, and results will be declared the same day.

Banking licence cancellation bars the bank from carrying on banking business, including acceptance and repayment of deposits.
The Reserve Bank of India cancelled the licence of The Mirzapur Urban Co-operative Bank Ltd., Mirzapur, under the Banking Regulation Act (as applicable to co operative societies) read with the Act's supplementary provisions. As a consequence, the bank is forthwith precluded from transacting the business of banking, including the acceptance and repayment of deposits, and may no longer present itself as entitled to undertake banking operations as defined by the statute.

Reference rate for US Dollar published; cross currency rupee rates for euro, pound and yen derived accordingly.
The Reserve Bank of India published an official reference rate for the US Dollar, disclosed the prior day's rate for comparison, and derived rupee exchange rates for the Euro, Pound Sterling and Japanese Yen using the US Dollar reference rate and middle cross currency quotes; it also stated that the SDR Rupee rate will be based on this reference rate.

Financial inclusion via mass account opening under PMJDY, with card issuance backlog and operational steps to boost access.
Implementation of Pradhan Mantri Jan-Dhan Yojana reports rapid account mobilisation with over three crore accounts opened and deposits collected, while RuPay debit card issuance lags and banks are addressing the backlog. A draft life insurance benefit and an incentive framework for bankers and district collectors are under finalisation. Operational measures include extended-hours account-opening camps, two national helplines, a media campaign, promotion of USSD-based mobile banking, and a nationwide survey of unbanked households to inform outreach.

Reference rate announcement determines exchange rates for major currencies and sets SDR Rupee basis published by the central bank.
The Reserve Bank of India published its Reference Rate for the US Dollar, compared it with the previous day's figure, and provided euro, pound sterling and yen exchange rates against the rupee derived from the US Dollar reference rate using cross currency middle rates. The notice further states that the SDR Rupee rate will be based on the published reference rate, serving as the bank's official daily benchmark for market reference, valuation and related conversions.

Cancellation of banking licence due to insolvency and regulatory breaches; liquidation initiated and deposit insurance process activated.
Cancellation of the bank's licence was ordered due to insolvency, failed revival efforts and substantial supervisory findings of regulatory noncompliance, including negative capital adequacy, accumulated losses, high NPAs, default in statutory reserves, non publication of auditor reports, absence of required government securities investments, concentrated related party exposures, deficient audit and credit systems, and failure to present a viable revival or merger plan; a show cause notice was issued and replies were unsatisfactory, leading to licence cancellation, commencement of liquidation and invocation of deposit insurance subject to scheme terms.

Real time transparency: patent office expands public Stock and Flow and adds integrated e filing payment gateway.
A new integrated payment gateway was launched for the Intellectual Property Office's e filing system to permit online fee payments via internet banking, credit and debit cards across an expanded range of banks, facilitating broader electronic filing for patents and trademarks and expected to increase e filing uptake; concurrently the office inaugurated an ISA/IPEA building and extended a real time Stock and Flow facility publishing patent office workstreams online to enhance transparency.

Reference exchange rate for US dollar updated; cross-currency middle rates for euro, pound and yen adjusted accordingly.
Reference exchange rates are published: the US Dollar reference rate is stated and compared with the previous day's rate; using that reference and cross-currency middle rates, Rupee exchange rates for the Euro, Pound Sterling and Japanese Yen are provided; the SDR Rupee rate will be based on the reference rate.

Reference rate for US dollar published; cross-currency euro, pound and yen rates set and SDR rupee tied to reference.
The Reserve Bank of India published the US dollar reference rate at Rs. 60.4277 for September 9, 2014 (previous day Rs. 60.2628) and stated that the SDR Rupee rate will be based on that reference. The RBI further derived and published rupee exchange rates for the euro, pound sterling and Japanese yen for September 9, 2014 using the US dollar reference rate and middle cross-currency rates (1 EUR: 77.9276; 1 GBP: 97.2463; 100 YEN: 56.88).

Reference rate for US Dollar published; determines cross currency rupee rates and SDR rupee basis for market reporting.
Publication of the reference rate for the US Dollar and the prior day's figure; based on that reference and middle cross currency quotes, the exchange rates of the Euro, Pound Sterling and Japanese Yen against the rupee are provided, and the SDR rupee rate is to be derived from the reference rate for use in exchange rate reporting.

Reference rate for US Dollar updated; derived euro, pound and yen exchange rates and SDR rupee basis follow.
The Reserve Bank of India announced the reference rate for the US Dollar for September 5, 2014 and the preceding day's rate; using that dollar reference and middle cross currency rates it published derived exchange rates for the Euro, Pound Sterling and Japanese Yen against the Rupee, and stated that the SDR Rupee rate will be based on the announced reference rate.

Financial development drives growth and requires deeper markets, stronger infrastructure and reforms to credit and OTC frameworks.
Financial intermediation channels savings to investment and raises growth by improving capital allocation; market development depends on financial depth, access, efficiency and stability. India remains bank-dominated with underdeveloped capital markets, requiring coordinated reforms to bond markets, market infrastructure and regulatory frameworks. OTC derivatives reforms focus on standardization, calibrated central clearing, electronic trading platforms and trade reporting to enhance transparency and reduce counterparty risk.

Reference rate: daily exchange reference sets US dollar and cross currency rupee rates and underpins SDR rupee valuation.
The Reserve Bank of India published the Reference Rate for the US dollar for September 4, 2014 at Rs. 60.4540 (previous day Rs. 60.5445) and, using that reference rate and cross currency middle rates, provided rupee exchange rates for EUR, GBP and JPY; it also stated the SDR Rupee rate will be based on the reference rate.

Unclaimed savings pool to be examined and repurposed to protect senior citizens' financial interests through committee recommendations.
A Committee chaired by the Deputy Governor, RBI will estimate unclaimed amounts under PPF, Post Office and other small savings and bank schemes; propose a procedure to aggregate such unclaimed deposits into a common pool and suggest necessary legal framework changes and whether the pool should be within or outside a Government account; and recommend how the aggregated unclaimed amount can be used to protect and further the financial interests of senior citizens.

Bank licence cancellation precludes a cooperative bank from transacting 'banking' and accepting deposits under banking regulation law.
The central banking regulator cancelled the licence of The Merchant's Co-operative Bank Ltd., Dhule, under the Banking Regulation Act, thereby immediately precluding the institution from transacting banking as defined in the Act, including acceptance and repayment of deposits and other activities falling within the statutory definition of banking.