This episode covers essential regulatory developments across multiple sectors including licence cancellations, redemption prices for sovereign gold bonds, cooperative banking regulations, and trade investigations.

The Reserve Bank of India has cancelled the licence of Sarvodaya Co-operative Bank Limited, Mumbai, prohibiting it from conducting banking activities and initiating winding-up procedures with deposit insurance claims up to ₹7,00,000. In another significant update, the redemption price for premature redemption of the Sovereign Gold Bond 2018-19 Series-III has been fixed at ₹7,102 per unit, based on recent average gold prices.

Additionally, the Directorate General of Trade Remedies has launched an initial investigation into ductile cast iron tubes and pipes, setting timelines for verification visits and compliance with provisional measures. This episode also highlights government procurement policies promoting Make in India and MSME participation.

For more information, visit the Carver Agents website.

Articles mentioned:

1. Auction of Government of India Dated Securities
2. Premature redemption under Sovereign Gold Bond (SGB) Scheme - Redemption Price for premature redemption of SGB 2018-19 Series-III
3. RfP for Procurement of IT Infrastructure (Desktops, Laptops, Network Attached Storage) with IT Asset Mangnt
4. RBI to conduct 3-day Variable Rate Repo (VRR) auction under LAF
5. RBI cancels the licence of Sarvodaya Co-operative Bank Ltd., Mumbai
6. MT C&R Agenda_6.3.26
7. RF75/41-46-47-52 Ductile pipes (tubes and pipes of ductile cast iron)