Press Releases
- The Reserve Bank of India (RBI), vide order dated July 05, 2024, has cancelled the licence of “Shimsha Sahakara Bank Niyamitha, Maddur, Mandya District, Karnataka”. Consequently, the bank ceases to carry on banking business, with effect from the close of business on July 05, 2024. The Registrar of Cooperative Societies, Karnataka has also been requested […]
- The Reserve Bank of India (RBI) has, by an order dated July 03, 2024 imposed a monetary penalty of ₹1,31,80,000 (Rupees One crore thirty one lakh eighty thousand only) on Punjab National Bank (the bank) for non-compliance with certain directions issued by RBI on ‘Loans and Advances – Statutory and Other Restrictions’, and ‘Reserve Bank […]
- The Reserve Bank of India hosted the 4th Suresh Tendulkar Memorial Lecture on July 5, 2024 in Mumbai. The lecture was delivered by Dr. John C. Williams, President and Chief Executive Officer, Federal Reserve Bank of New York. The text of his lecture titled "Managing the Known Unknowns" is available on the RBI website. (Puneet Pancholy) Chief […]
- The Reserve Bank of India, vide directive DEL.DOS.EXG_SSM No. S515/12-10- 013/2022-23 dated July 07, 2022, had placed Ramgarhia Co-operative Bank Ltd, New Delhi – under Directions from the close of business on July 08, 2022, for a period of six months up to January 08, 2023, the validity of which was last extended up to […]
- The following State Governments have offered to sell stock by way of auction, for an aggregate amount of ₹6,100 Crore (Face Value). Sr. No. State/UT Amount to be raised (₹ Crore) Additional Borrowing (Greenshoe) Option (₹ Crore) Tenure (Year) Type of Auction 1. Goa 100 – 15 Yield 2. Haryana 1000 – 12 Yield 3. […]
- Reserve Bank of India announces the auction of Government of India Treasury Bills as per the following details: Sr. No. Treasury Bill Notified Amount (in ₹ Crore) Auction Date Settlement Date 1 91 Days 8,000 July 10, 2024 (Wednesday) July 11, 2024 (Thursday) 2 182 Days 6,000 3 364 Days 6,000 Total 20,000 […]
- 1. Reserve Bank of India – Liabilities and Assets* (₹ Crore) Item 2023 2024 Variation Jun. 30 Jun. 21 Jun. 28 Week Year 1 2 3 4 5 4 Loans and Advances 4.1 Central Government 0 0 0 0 0 4.2 State Governments 9835 4039 7286 3247 -2549 * Data […]
- Auction Results 7.02% GS 2027 7.23% GS 2039 7.30% GS 2053 I. Notified Amount ₹6,000 Crore ₹12,000 Crore ₹10,000 Crore II. Underwriting Notified Amount ₹6,000 Crore ₹12,000 Crore ₹10,000 Crore III. Competitive Bids Received (i) Number 116 291 320 (ii) Amount ₹29338.000 Crore ₹38400.500 Crore ₹30879.250 Crore IV. Cut-off price / Yield […]
- 7.02% GS 2027 7.23% GS 2039 7.30% GS 2053 I. Notified Amount ₹6,000 crore ₹12,000 crore ₹10,000 crore II. Cut off Price (₹) / Implicit Yield at cut-off 100.15/6.9577% 101.72/7.0391% 102.64/7.0837% III. Amount accepted in the auction ₹6,000 crore ₹12,000 crore ₹10,000 crore IV. Devolvement on Primary Dealers NIL NIL NIL Ajit Prasad […]
- The Reserve Bank of India has launched the 66th round of its Order Books, Inventories and Capacity Utilisation Survey (OBICUS). The survey is for the reference period April – June 2024 (Q1:2024-25). The Reserve Bank has been conducting the Order Books, Inventories and Capacity Utilisation Survey (OBICUS) of the manufacturing sector on a quarterly basis […]
Notifications
- RBI/2024-25/47 A.P. (DIR Series) Circular No. 13 July 03, 2024 To, All Authorised Dealers in Foreign Exchange Madam / Dear Sir, Release of foreign exchange for Miscellaneous Remittances In terms of the direction issued under the A.P.(DIR Series) Circular No. 16 dated September 12, 2002, A.P.(DIR Series) Circular No. 55 dated December 23, 2003 and […]
- RBI/2024-25/46 A.P. (DIR Series) Circular No. 12 July 03, 2024 To All Authorised Dealers in Foreign Exchange Madam / Dear Sir Online submission of Form A2: Removal of limits on amount of remittance Attention of Authorised Dealer (AD) Category-I banks and AD Category-II entities is invited to paragraph 4 of A.P. (DIR Series) Circular No. […]
- RBI/2024-25/45 DoR.RET.REC.25/12.07.160/2024-25 June 25, 2024 All Commercial and Co-operative Banks Madam / Dear Sir, Exclusion of “Nagar Urban Co-operative Bank Limited” from the Second Schedule of the Reserve Bank of India Act, 1934 It is advised that “Nagar Urban Co-operative Bank Limited” has been excluded from the Second Schedule to the Reserve Bank of India […]
- RBI/2024-25/44 FIDD.CO.PSD.BC.No.7/04.09.01/2024-25 June 21, 2024 The Chairman / Managing Director/Chief Executive Officer[All Commercial Banks including Regional Rural Banks,Small Finance Banks, Local Area Banks andPrimary (Urban) Co-operative Banks other than Salary Earners’ Banks] Madam/ Dear Sir, Priority Sector Lending – Amendments to the Master Directions Please refer to Master Directions (MD) on Priority Sector Lending (PSL) […]
- RBI/2024-2025/43 FED Circular No. 11 June 11, 2024 All Scheduled Commercial Banks (holding AD Category-I license) Madam/Sir International Trade Settlement in Indian Rupees (INR) – Opening of additional Current Account for settlement of trade transactions Attention of Authorised Dealer Category – I (AD Category – I) banks is invited to FED Circular No. 08 dated […]
- RBI/2024-2025/42 A.P. (DIR Series) Circular No. 10 June 11, 2024 All Category – I Authorised Dealer Banks Madam/ Sir Export-Import Bank of India (Exim Bank)’s Government of India-supported Line of Credit of USD 23.37 mn to the Government of the Co-operative Republic of Guyana (GO-GUY), for procurement of two Hindustan 228-201 aircraft from Hindustan Aeronautics […]
- RBI/2024-25/41 A.P. (DIR Series) Circular No. 09 June 07, 2024 To All Category-I Authorised Dealer Banks Madam/ Sir Foreign Exchange Management (Overseas Investment) Directions, 2022 – Investments in Overseas Funds Attention of Category-I Authorised Dealer Banks is invited to Paragraph 1(ix)(e) of Foreign Exchange Management (Overseas Investment) Directions, 2022, issued vide A.P. (DIR Series) Circular […]
- RBI/2024-25/40 DoR.SPE.REC.No.24/13.03.00/2024-2025 June 07, 2024 All Scheduled Commercial Banks (excluding RRBs) All Small Finance Banks All Local Area Banks Madam / Sir, Amendment to Master Direction – Reserve Bank of India (Interest Rate on Deposits) Directions, 2016 Please refer to paragraph 3(a)(i) of the Master Direction – Reserve Bank of India (Interest Rate on Deposits) […]
- RBI/2024-25/39 A.P. (DIR Series) Circular No. 08 May 27, 2024 To All Authorised Persons in Foreign Exchange Madam/ Sir Instructions on Money Changing Activities Attention is invited to FED Master Direction No.3/2015-16 dated January 01, 2016 (updated from time to time) on Money Changing Activities. 2. In terms of extant instructions, Full Fledged Money Changers […]
- RBI/2024-25/38DOR.RET.REC.23/12.07.160/2024-25 May 24, 2024 All Banks Madam / Dear Sir, Exclusion of "Fincare Small Finance Bank Limited" from the Second Schedule to the Reserve Bank of India Act, 1934 and cessation as a banking company It is informed that "Fincare Small Finance Bank Limited" has been excluded from the Second Schedule to the Reserve Bank […]
SPEECHES
- I am happy to inaugurate the eighteenth Statistics Day Conference of the Reserve Bank. This annual event provides us with an opportunity to reflect on the current and evolving state of statistical system. It also helps us to take stock of the refinements in application of statistical methods and technologies in the realm of public […]
- Mr. V G Sekhar, Principal, CAB, Convenors of SLBCs, my colleagues from RBI, ladies and gentlemen. A very good afternoon to you all. 1. I am delighted to address you all today, the conveners of all our SLBCs. I understand that you all had a very purposeful engagement over these two days, dwelling upon various […]
- Professor Sheri Markose1; Dr. Hiroko Oura2; Deputy Governor Shri Swaminathan; Shri Arijit Basu, Chairman, Academic Council, College of Supervisors; Dr. Rabi N. Mishra, Director, College of Supervisors; Distinguished speakers and panelists; Members of the Academic council, College of Supervisors; My colleagues from the Reserve Bank; Ladies and Gentlemen. Namaskar. I am delighted to be here […]
- Good morning to you all! I am deeply honoured to participate in the 79th meeting of the Executive Council (EXCO) of the International Association of Deposit Insurers (IADI). At the outset, I would like to express my profound appreciation for the IADI as a global standard-setter as well as an international forum for the cross-fertilisation […]
- Participants from the RBI: Shri Shaktikanta Das – Governor, Reserve Bank of India Dr. Michael D. Patra – Deputy Governor, Reserve Bank of India Shri M. Rajeshwar Rao – Deputy Governor, Reserve Bank of India Shri T. Rabi Sankar – Deputy Governor, Reserve Bank of India Shri Swaminathan J. – Deputy Governor, Reserve Bank of […]
- Deputy Governor Shri Swaminathan, Executive Directors, Chairmen of the Board and ACB of ARCs, MDs & CEOs of ARCs, my colleagues from RBI, ladies and gentlemen, I am happy to be amidst you today to talk about the crucial topic of governance in ARCs. But before I address the issue of governance, let me briefly […]
- Deputy Governor Shri Rao, Chairpersons, members of the Board and CEOs of ARCs, my colleagues from RBI and ladies and gentlemen. A very good morning to all of you. 1. I am pleased to address you today at the inaugural conference of the Directors on the Boards of the ARCs organised by the Reserve Bank […]
- Deputy Governor Shri Rao, Heads of Assurance functions from Urban Cooperative Banks, and my colleagues from the Reserve Bank of India. A very good morning to all of you. 1. The Reserve Bank of India has been engaging with its supervised entities regularly over matters of governance and effectiveness of assurance functions. We have had […]
TENDERS
- Tender ID: RBI/DIT-CO Central Office Departments/Others/3/24-25/ET/180[WebEx licenses and FMS] Department of Information Technology (DIT), Reserve Bank of India (RBI), Central Office, 14th Floor, Central Office Building, Shahid Bhagat Singh Marg, Fort, Mumbai – 400 001 invites two-part Tender through e-tendering at MSTC portal (https://www.mstcecommerce.com/eprochome/rbi/) from eligible bidders for procurement of Cisco WebEx Suite (licenses) – […]
- Estate Office, Mumbai Regional Office, Reserve Bank of India invites limited e-tenders for the captioned work from the Bank’s empanelled contractors in the trade of ‘Civil works’ in the category of ₹50 Lakh to ₹100 Lakh. The schedule of tender is as follows: a. e-tender no. RBI/Mumbai/Estate/39/24-25/ET/181 b. Mode of tender e-Procurement System (Online Part […]
- Reserve Bank of India, Bengaluru invites two-part tender through e-Tender mode from eligible contractors who meets the minimum pre-qualification criteria specified below for the following work. The salient details of the work for which bids are invited and important instructions to the bidder are as under: 2. Intending tenderer should meet the following eligibility conditions […]
- E-tender No.: RBI/Bangalore Regional Office/Estate/2/24-25/ET/56 A reference is invited to the captioned e-tender no. RBI/Bangalore Regional Office/Estate/2/24-25/ET/56 which was uploaded/ floated on June 11, 2024 12.00 PM onwards under the “Tenders” link of RBI website (www.rbi.org.in) and MSTC portal (www.mstcecommerce.com/eprocn). 2. It has been decided to extend the last date for submission of bids to […]
- Estate Office, Mumbai Regional Office, Reserve Bank of India invites limited e-tenders for the captioned work from the Bank’s empanelled contractors in the trade of ‘Civil works’ in the category of ₹50 Lakh to ₹100 Lakh. The schedule of tender is as follows: a. e-tender no. RBI/Mumbai/Estate/38/24-25/ET/178 b. Mode of tender e-Procurement System (Online Part […]
- E-tender No.: RBI/Bangalore Regional Office/Estate/4/24-25/ET/64 A reference is invited to the captioned e-tender no. RBI/Bangalore Regional Office/Estate/4/24-25/ET/64 which was uploaded/ floated on June 12, 2024 12.00 PM onwards under the “Tenders” link of RBI website (www.rbi.org.in) and MSTC portal (www.mstcecommerce.com/eprocn). 2. It has been decided to extend the last date for submission of bids to […]
- Reserve Bank of India, Bengaluru invites two-part tender through e-Tender mode from eligible contractors who meets the minimum pre-qualification criteria specified below for the following work. The salient details of the work for which bids are invited and important instructions to the bidder are as under: 2. Intending tenderer should meet the following eligibility conditions […]
- In terms of Schedule of Tender of Part-I of the tender document on the captioned subject, a Pre-bid meeting was held on July 03, 2024 at 11.30 AM at 2nd floor, meeting room, MOB. 2. Four firms participated and attended the said meeting. The list of participants is given below: – Sr No. Name […]
- (E-tender No. RBI/Chandigarh Regional Office/Estate/3/24-25/ET/48) Pre-bid meeting of the captioned tender was held at 11:00 AM on July 03, 2024 in Estate Department, RBI Chandigarh. The meeting was chaired by DGM, Estate Department. The list of participants of the said meeting is provided in Annex I. 2. Following queries were raised by the firm in […]
- Estate Office, Mumbai Regional Office, Reserve Bank of India invites open e-tenders for the captioned work from the eligible contractors. The schedule of tender is as follows: a. e-tender no. RBI/Mumbai Regional Office/Estate/27/24-25/ET/155 b. Mode of tender e-Procurement System (Online Part I – Techno-Commercial Bid and Part II – Price Bid through www.mstcecommerce.com/eprocn/) c. Estimated […]
PUBLICATION
- Contents Sections I. Monetary Policy II. Regulation III. DSIM IV. Fintech V. Banker to Government VI. Issuer of Currency VII. Publication VIII. Data Release Volume XX | Issue 3 | June 2024 MONETARY & CREDIT INFORMATION REVIEW Note from the Editor Welcome to another edition of the Monetary and Credit Information Review (MCIR). This monthly periodical of Reserve Bank of India helps keep abreast with new developments and important policy initiatives taken by the Reserve Bank during the month of June 2024 in the world of money and credit. MCIR can be accessed at https://mcir.rbi.org.in as well as by scanning […]
- A. Certificates of Authorisation issued by the Reserve Bank of India under the Payment and Settlement Systems Act, 2007 for Setting up and Operating Payment System in India The Payment and Settlement Systems Act, 2007 along with the Board for Regulation and Supervision of Payment and Settlement Systems Regulations, 2008 and the Payment and Settlement Systems Regulations, 2008 have come into effect from 12th August 2008. The list of 'Payment System Operators’ authorised by the Reserve Bank of India to set up and operate in India under the Payment and Settlement Systems Act, 2007 is as under: Sr. No. Name […]
- Today, the Reserve Bank of India released balance of payments (BoP) data for the fourth quarter (Q4), i.e., January-March 2023-24 on its website (www.rbi.org.in). On the basis of these data, the sources of variation in foreign exchange reserves during 2023-24 are detailed below in Table 1. Table 1: Sources of Variation in Foreign Exchange Reserves* (US$ billion) Items 2022-23 2023-24 I. Current Account Balance -67.1 -23.3 II. Capital Account (net) (a to f) 57.9 87.0 a. Foreign Investment (i+ii) 22.8 53.9 (i) Foreign Direct Investment (FDI) 28.0 9.8 (ii) Portfolio Investment -5.2 44.1 […]
- Today, the Reserve Bank released the results of May 2024 round of its bi-monthly consumer confidence survey (CCS)1. The survey collects current perceptions (vis-à-vis a year ago) and one year ahead expectations of households on general economic situation, employment scenario, overall price situation, own income and spending across 19 major cities. The latest round of the survey was conducted during May 2-11, 2024, covering 6,083 respondents. Female respondents accounted for 52.7 per cent of this sample. Highlights: Consumer confidence for the current period paused on its uptrend as sentiments on all parameters, except spending, recorded some moderations in the latest […]
- Today, the Reserve Bank released the results of May 2024 round of its bi-monthly inflation expectations survey of households (IESH)1 2. The survey was conducted during May 2-11, 2024 in 19 major cities, with responses from 5,943 urban households. Female respondents accounted for 52.6 per cent of this sample. Highlights: Households’ inflation expectations for the three months and one year ahead periods increased by 20 basis points (bps) and 10 bps, respectively, but remained in single digits; their perception on current inflation, however, moderated by 10 bps and stood at 8.0 per cent in the latest survey round [Charts 1a […]
- The Reserve Bank has been conducting the survey of professional forecasters (SPF) since September 2007. Forty-three panellists participated in the 88th round of the bi-monthly survey conducted during May 2024. The survey results are summarised in terms of their median forecasts and summary statistics are presented in Annexes 1-7. Highlights: A. Regular Survey 1. Output Real gross domestic product (GDP) is expected to grow by 6.8 per cent in 2024-25, revised up by 10 basis points (bps) from the previous round. It is expected to grow by 6.7 per cent in 2025-26, revised up by 20 bps from March 2024 […]
- Today, the Reserve Bank released Publications).">1 the web publication ‘Deposits with Scheduled Commercial BanksStatistics>Data Release>Fortnightly>Scheduled Bank's Statement of Position in India).">2 – March 20243’ on its ‘Database on Indian Economy’ portal4 (https://dbie.rbi.org.in Homepage > Publications). Scheduled commercial banks (SCBs) {including regional rural banks (RRBs)} report branch-wise data on type of deposits (current, savings and term), its institutional sector wise ownership, age wise distribution of deposits pertaining to individuals, maturity pattern of term deposits as well as number of employees in the annual ‘Basic Statistical Return’ (BSR) – 2 return. These data are released at disaggregated level (viz., type of deposits, […]
- Contents Sections I. Regulation II. Fintech III. Financial Markets IV. Foreign Exchange V. Supervision VI. Issuer of Currency VII. Statistics & Information VIII. Publication IX. Data Release Volume XX | Issue 2 | May 2024 MONETARY & CREDIT INFORMATION REVIEW Note from the Editor Welcome to another edition of the Monetary and Credit Information Review (MCIR). This monthly periodical of Reserve Bank of India helps keep abreast with new developments and important policy initiatives taken by the Reserve Bank during the month of May 2024 in the world of money and credit. MCIR can be accessed at https://mcir.rbi.org.in as well […]
- Contents Part-I: Developments during the Half-year I.1 Introduction I.2 Movement of Foreign Exchange Reserves I.2.1 Review of Growth of Foreign Exchange Reserves I.2.2 Sources of Accretion to Foreign Exchange Reserves I.3 Forward Outstanding I.4 External Liabilities vis-à-vis Foreign Exchange Reserves I.5 Adequacy of Reserves I.6 Management of Gold Reserves I.7 Investment Pattern of the Foreign Currency Assets I.8 Other Related Aspects I.8.1 Financial Transaction Plan (FTP) of the IMF I.8.2 Investments under New Arrangements to Borrow (NAB) and Note Purchase Agreement (NPA) with IMF I.8.3 SAARC/ACU Swap Arrangement I.8.4 Investment in Bonds issued by IIFC (UK) Part-II: Objectives of Reserve […]
- Press Release RBI Working Paper Series No. 04 Assessing the Impact of Macroprudential Policies on Housing Credit Dynamics: Evidence from India Amar Nath Yadav, Vivek Kumar, Alok Kumar Chakrawal and Jyoti Kumari@ Abstract 1This paper evaluates the efficacy of macroprudential (MaP) policy in modulating bank credit to the housing sector and its impact on the asset quality of banks in the Indian context. The empirical analysis suggests that a tightening of MaP policy is effective in controlling bank credit to the housing sector. Tightening policies appear to have a greater impact on credit growth than easing policies. Furthermore, a tighter […]