Total Borrowings: 2,81865 crore October 2025 to December 2025.
Auction Schedule: Weekly this is planned to be auctioned broken down by State/UT.
Top Borrowers:
- Tamil Nadu: ₹39,000 crore
- Uttar Pradesh: 33,000 crore (11 auctions of 3000 crore each)
- West Bengal: ₹29,000 crore
- Gujarat: ₹20,000 crore
- Rajasthan: ₹14,455 crore
- Bihar: ₹9,800 crore
RBI takes over Board of Irinjalakuda Town Co-operative Bank.
- Action: The Board of Directors of Irinjalakuda Town Co-operative Bank Ltd. has been replaced by RBI during 12 months as per the Banking Regulation Act, 1949.
- Appointee of the Administrator: Shri Raju S Nair (previously Vice President, Federal Bank) to conduct the bank business.
- Committee of Advisors Shri Mohanan K (former Deputy GM, South Indian Bank), and Shri T.A. Mohamed Sageer (former VP, Federal Bank).
- Rationale: Ineffective governance and bad financial situation, which creates material supervisory issues.
Month: Current Affairs - October 14, 2025
Category: BANKING, FINANCE and BUSINESS