Press Releases
- The following State Governments have offered to sell stock by way of auction, for an aggregate amount of ₹24,800 Crore (Face Value). Sr. No. State Amount to be raised (₹ Crore) Tenor (Year) Type of Auction 1. Andhra Pradesh 1000 10 Yield 1200 Re-issue of 7.65% Andhra Pradesh SGS 2043, issued on March 11, 2026 […]
- Reserve Bank of India announces the auction of Government of India Treasury Bills as per the following details: Sr. No. Treasury Bill Notified Amount (₹ crore) Auction Date Settlement Date 1 91-Day 9,000 July 15, 2026 (Wednesday) July 16, 2026 (Thursday) 2 182-Day 8,000 3 364-Day 7,000 Total 24,000 The sale will […]
- 1. Reserve Bank of India – Liabilities and Assets* (₹ Crore) Item 2025 2026 Variation Jul. 04 Jun. 26 Jul. 03 Week Year 1 2 3 4 5 4 Loans and Advances 4.1 Central Government 0 0 0 0 0 4.2 State Governments 30956 8790 40761 31971 9805 * Data […]
- (Amount in ₹ Crore) Auction Results 6.36% GS 2031 7.71% GS 2066 I. Notified Amount 21,000 11,000 II. Competitive Bids Received (i) Number 235 262 (ii) Amount 59,818.230 33,104.141 III. Cut-off price / Yield 99.75 103.23 (YTM: 6.4218%) (YTM: 7.4543%) IV. Competitive Bids Accepted (i) Number 44 63 (ii) Amount 20,995.654 […]
- 6.36% GS 2031 7.71% GS 2066 I. Notified Amount ₹21,000 crore ₹11,000 crore II. Cut off Price (₹) / Implicit Yield at cut-off 99.75/6.4218% 103.23/7.4543% III. Amount accepted in the auction ₹21,000 crore ₹11,000 crore IV. Devolvement on Primary Dealers NIL NIL Ajit Prasad Deputy General Manager (Communications) Press Release: 2026-2027/642
- Tenor 3-day Notified Amount (in ₹ crore) 50,000 Total amount of bids received (in ₹ crore) 53,233 Amount allotted (in ₹ crore) 50,015 Cut off Rate (%) 5.26 Weighted Average Rate (%) 5.26 Partial Allotment Percentage of bids received at cut off rate (%) 92.71 Ajit Prasad Deputy General Manager (Communications) Press Release: 2026-2027/641
- In the underwriting auction conducted on July 10, 2026, for Additional Competitive Underwriting (ACU) of the undernoted Government securities, the Reserve Bank of India has set the cut-off rate for underwriting commission payable to Primary Dealers as given below: Nomenclature of the Security Notified Amount (₹ crore) Minimum Underwriting Commitment (MUC) Amount (₹ crore) Additional […]
- (Amount in ₹ crore, Rate in Per cent) Money Markets@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 6,90,802.32 5.28 4.10-5.70 I. Call Money 24,893.22 5.34 4.60-5.49 II. Triparty Repo 4,80,842.85 5.27 4.65-5.47 III. Market Repo 1,78,345.95 5.30 4.10-5.52 IV. Repo in Corporate Bond 6,720.30 5.38 5.30-5.70 B. Term Segment […]
- On a review of current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Repo (VRR) auction on Friday, July 10, 2026, as under: Sl. No. Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal 1 50,000 3 09:30 AM to 10:00 AM July 13, 2026 (Monday) 2. The […]
- The Reserve Bank has today released data on Reserve Money and Money Supply for the fortnight ended on June 30, 2026. Ajit Prasad Deputy General Manager (Communications) Press Release: 2026-2027/637
Notifications
- RBI/2026-27/176 DOR.AML.REC.149/14.06.001/2026-27 July 09, 2026 The Chairpersons/ CEOs of the Commercial Banks, Small Finance Banks, Payment Banks, Urban Co-operative Banks, Rural Co-operative Banks, Regional Rural Banks, Local Area Banks, Non-Banking Financial Companies, Asset Reconstruction Companies, All India Financial Institutions Madam/Dear Sir, Implementation of Section 51A of UAPA, 1967: Updates to UNSC’s 1267/ 1989 ISIL (Da'esh) […]
- RESERVE BANK OF INDIA FOREIGN EXCHANGE DEPARTMENT CENTRAL OFFICE Mumbai 400 001 Notification No. FEMA 5(R)(6)/2026-RB June 18, 2026 Foreign Exchange Management (Deposit) (Sixth Amendment) Regulations, 2026 In exercise of the powers conferred by sub-section (2) of section 6 and sub-section (2) of section 47 of the Foreign Exchange Management Act, 1999 (42 of 1999), […]
- RBI/FMRD/2026-27/407 FMRD.DIRD.No.02/14.03.046/2026-27 June 25, 2026 To All participants in credit derivatives markets Dear Sir/Madam, Master Direction – Reserve Bank of India (Credit Derivatives) Directions, 2026 Please refer to Paragraph 13 of the Statement on Developmental and Regulatory Policies announced as a part of the Bi-monthly Monetary Policy Statement for 2025-26 dated February 06, 2026, regarding […]
- RBI/2026-27/175 A.P. (DIR Series) Circular No. 18 June 24, 2026 To All Authorised Persons Madam / Sir, Review of Circulars issued under Foreign Exchange Management Act, 1999 (FEMA) In pursuance of the Reserve Bank’s ongoing initiative to rationalise the regulatory framework under the Foreign Exchange Management Act, 1999 (FEMA), a review of circulars issued since […]
- RBI/2026-27/174 A.P. (DIR Series) Circular No.17 June 24, 2026 To All Authorised Persons Madam / Sir, Modification of Returns / Reporting requirements under FEMA, 1999 Attention of Authorised Persons is invited to the provisions contained in the Foreign Exchange Management (Authorised Persons) Regulations, 2026, Master Direction – Money Changing Activities, Master Direction – Money Transfer […]
- RBI/2026-27/169DOR.MCS.REC.No.132/01-01-034/2026-27 June 24, 2026 Reserve Bank of India (Payments Banks – Responsible Business Conduct) Second Amendment Directions, 2026 Instructions on ‘Limiting Liability of Customers in Unauthorised Electronic Banking Transactions’ for Payments Banks (hereinafter referred to collectively as “PBs” and individually as an “PB”) have been consolidated in the Reserve Bank of India (Payments Banks – […]
- RBI/2026-27/170 DOR.MCS.REC.No.133/01-01-035/2026-27 June 24, 2026 Reserve Bank of India (Local Area Banks – Responsible Business Conduct) Third Amendment Directions, 2026 It has been decided to issue instructions on ‘Customer Protection in Electronic Banking Transactions’ to Local Area Banks (hereinafter referred to collectively as “LABs” and individually as an “LAB”) under the Reserve Bank of India […]
- RBI/2026-27/171 DOR.MCS.REC.No.134/01-01-036/2026-27 June 24, 2026 Reserve Bank of India (Regional Rural Banks – Responsible Business Conduct) Third Amendment Directions, 2026 Instructions on ‘ Customer Protection – Limiting Liability of Customers in Unauthorised Electronic Banking Transactions’ for Regional Rural Banks (hereinafter referred to collectively as “RRBs” and individually as an “RRB”) have been consolidated in the […]
- RBI/2026-27/172 DOR.MCS.REC.No.135/01-01-037/2026-27 June 24, 2026 Reserve Bank of India (Urban Co-operative Banks – Responsible Business Conduct) Third Amendment Directions, 2026 Instructions on ‘Limiting Liability of Customers in Unauthorised Electronic Banking Transactions’ for Urban Co-operative Banks (hereinafter referred to collectively as “UCBs” and individually as a “UCB”) have been consolidated in the Reserve Bank of India […]
- RBI/2026-27/173 DOR.MCS.REC.No.136/01-01-038/2026-27 June 24, 2026 Reserve Bank of India (Rural Co-operative Banks – Responsible Business Conduct) Third Amendment Directions, 2026 Instructions on ‘Limiting Liability of Customers in Unauthorised Electronic Banking Transactions’ for Rural Co-operative Banks (hereinafter referred to collectively as “RCBs” and individually as an “RCB”) have been consolidated in the Reserve Bank of India […]
SPEECHES
- I am indeed very happy to be here among all of you as we enter the week which celebrates International MSME Day on 27th later in the week. MSMEs have a special place in my heart. I got an opportunity to work in this very dynamic sector early in my career way back in 2000 […]
- Participants from the Reserve Bank of India: Shri Sanjay Malhotra – Governor, Reserve Bank of India Shri Swaminathan J – Deputy Governor, Reserve Bank of India Dr. Poonam Gupta – Deputy Governor, Reserve Bank of India Shri Shirish Chandra Murmu – Deputy Governor, Reserve Bank of India Shri Rohit Jain – Deputy Governor, Reserve Bank […]
- Distinguished faculty members, dear students, ladies and gentlemen. 2. It is a pleasure to be here at Columbia University’s School of International and Public Affairs. As many of you would know, SIPA was established in 1946, in the aftermath of the Second World War, at a time when the world was rebuilding institutions for a […]
- Good morning, Adam and my fellow panellists. 1. First of all, let me quote Alan Greenspan, former Chair of the Federal Reserve who said that “uncertainty is not just an important feature of the monetary policy landscape; it is the defining characteristic of that landscape”. In other words, uncertainty is the only certainty in monetary […]
- It is my pleasure to be here at the Columbia Indian Economy Summit, 2026. I would like to thank Prof. Arvind Panagariya for his kind invitation to me to speak on issues related to India’s growth trajectory, both at the national and at the states’ level. My talk is in three parts. I will first […]
- It is a pleasure for me to be here at NCAER to speak on India’s current monetary policy framework. My remarks focus on how the existing framework has evolved over the past decade, where it stands today, and the issues that may shape its next iteration in five years from now. 2. As you know, […]
- Dr. C. Rangarajan, Chairman, Madras School of Economics, Dr. N. R. Bhanumurthy, Director, Madras School of Economics, Shri V. N. Shiva Shankar, Sr. Vice President, Southern India Chamber of Commerce and Industry, members of late Shri G. Ramachandran's family, distinguished guests from industry, academia and banks, esteemed faculty members, staff and dear students, ladies, and […]
- 1. Distinguished participants, it gives me great pleasure in addressing the 25th FIMMDA1-PDAI2 Annual Conference. The development of India’s fixed income and derivatives markets owes much to such conferences, which provide an opportunity for all stakeholders to get together and deliberate on not only the journey so far but more importantly the way forward. I […]
TENDERS
- IMPORTANT INFORMATION and SCHEDULE OF TENDER (SOT) Name of Work: Sealed Quotation for Illumination of Office Building on the eve of Independence Day at RBI Belapur, Navi Mumbai Estimated Cost of Work ₹2.95 Lakh Date of Invitation of Sealed Quotation July 10, 2026 Earnest Money Deposit ₹5900/- (Rupees Five Thousand Nine Hundred only) EMD shall […]
- Reserve Bank of India, Kanpur invites e-tender for ‘‘Renovation Works for New Conference Room in RBIO, AOB.’’ The e-tendering shall be done through the e-tendering portal of MSTC Ltd (http://mstcecommerce.com/eprochome/rbi). All eligible and interested companies / agencies / firms must register themselves with MSTC Ltd through the above-mentioned website to participate in the e-tendering process. […]
- Reserve Bank of India, Jaipur invites e-Tender for Raised and cut pointing of exposed stone wall in RBI Officers Quarters, Gandhinagar, Jaipur in two parts (Part-I and Part-II) from eligible bidders. The tendering would be done through the e-Tendering portal of MSTC Ltd. (https://mstcecommerce.com/eprocn). All the eligible firms/ contractors shall ensure to register themselves with […]
- The pre-bid meeting for the captioned e-tender was held on July 08, 2026 (Wednesday) at 11:00 AM at Estate Department, RBI Chandigarh. 2. Following Officials of Estate Department, Chandigarh attended the above pre-bid meeting- S. No Name Designation i Shri Pushkar Pahwa Assistant General Manager ii. Smt. Kulpreet Kaur Manager iii Sh. Nishant Pandey AM […]
- SCHEDULE OF TENDER (SOT) a. Name of Work: Renovation of Executive Visiting Officers’ Flat (E-VOF) (D-19) and Visiting Officers’ Flat (VOF) (D-21) at Senior Officers Quarters, Navrangpura, RBI, Ahmedabad b. E-Tender No RBI/Ahmedabad Regional Office/Estate/3/26-27/ET/208 c. Mode Of Tender e-Procurement System (Online Part I – Techno-Commercial Bid and Part II – Price Bid through https://mstcecommerce.com/eprocn/ […]
- E-Tender No. RBI/Kolkata Regional Office/HRMD/9/25-26/ET/1047[IFMS] Please refer to the tender notice of the captioned tender published on Bank’s website www.rbi.org.in and MSTC portal on February 24, 2026, inviting applications from eligible bidders through e-tendering on MSTC portal. 2. In this regard, it is informed that the captioned tender stands cancelled. Regional Director Reserve Bank of […]
- (2026_RBI_283510) 1. Reserve Bank of India, New Delhi (hereinafter referred to as “the Bank”) invites e-tender for “Acoustic Treatment and wooden flooring work in Community Hall at RBI Colony, Hauz Khas, New Delhi” from eligible and willing Companies/ Agencies/ Firms. The time for completion of work will be 90 days from the 14th day of […]
- Reserve Bank of India, Hyderabad invites e-tenders through CPP portal from eligible empanelled contractors for the captioned work. 1. Tender name Additions, alterations, and renovation to Flat No. 502 of Manjeera Building to create additional Bedroom 2. Estimated value of tender ₹10.00 lakh (Rupees Ten Lakh only) (inclusive of GST) 3. Uploading the information on […]
- The timeline for submission of bidding in connection with e-tendering of the captioned work with e-tendering reference number RBI/Thiruvananthapuram Regional office/Estate/5/26-27/ET/184 is extended till July 16, 2026, by 2:00 PM.
- Estate Department, Reserve Bank of India, Chandigarh (the Bank) had invited quotation from eligible and willing firms for undertaking ‘Supply, installation, testing & commissioning of motorized swing gate operator at the entrance of Bank’s Main Office Building in Chandigarh'. The last date for the submission of the sealed quotation was upto 11:00 AM on July […]
PUBLICATION
- 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 […]
- Contents Sections I. Monetary Policy II. Regulation III. Nomination to Central Board IV. Publications V. Data Release and Surveys Volume XXII | Issue 3 | June 2026 MONETARY & CREDIT INFORMATION REVIEW Note from the Editor The June 2026 issue of the Monetary and Credit Information Review captures a pivotal juncture where domestic resilience confronts heightened global turbulence. As articulated by Governor Shri Sanjay Malhotra following the Monetary Policy Committee meeting held from June 3 to 5, 2026, the Indian economy enters this phase of geopolitical stress and supply chain disruptions with fundamentally stronger footing than in previous episodes. While […]
- The Reserve Bank of India (RBI) has created a Supervisory Data Quality Index (sDQI) that measures data quality in terms of the Accuracy, Timeliness, Completeness and Consistency in the submission of returns and microdata for supervisory assessments. The objective of sDQI is to assess the adherence to the principles enunciated in the Master Direction on Filing of Supervisory Returns 2024. The sDQI score of Scheduled Commercial Banks (SCBs) has decreased in March 2026 as compared to December 2025. Trends in sDQI Scores of SCBs Bank Group Dec-25 Mar-26 Accuracy Completeness Timeliness Consistency sDQI Score Accuracy Completeness Timeliness Consistency sDQI Score […]
- Today, the Reserve Bank of India released the balance of payments (BoP) data for the fourth quarter (Q4), i.e., January-March of 2025-26, and for April-March 2025-26 on its website (www.rbi.org.in). On the basis of these data, the sources of variation in foreign exchange reserves during 2025-26 are detailed below in Table 1. Table 1: Sources of Variation in Foreign Exchange Reserves* (US$ billion) Items 2024-25 2025-26 I. Current Account Balance -23.1 -25.4 II. Capital Account (net) (a to f) 18.0 1.8 a. Foreign Investment (i+ii) 4.5 -9.4 (i) Foreign Direct Investment (FDI) 1.0 6.9 […]
- Today, the Reserve Bank released the results of May 2026 round of its bi-monthly Inflation Expectations Survey of Households (IESH)1 2. The survey was conducted during May 2-11, 2026, in 19 major cities, with 5,936 responses. Highlights: The current median inflation perception of households increased sequentially by 60 basis points (bps) to 7.8 per cent as compared to the previous round. Their inflation expectations for the next three months and one year edged up by 80 basis points and 50 basis points, respectively, reaching 9.3 per cent for both horizons [Charts 1a and 1b; Table 3]. At the short-term horizon, […]
- Today, the Reserve Bank released the results of May 2026 round of its bi-monthly urban consumer confidence survey (UCCS)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. The survey was conducted during May 2-11, 2026, covering 6,086 respondents across 19 major cities. Highlights: Consumer confidence for the current period declined for the third successive round with the Current Situation Index (CSI)2 going down to 90.7 from 95.7 in the previous round (Chart 1). Confidence for the year ahead, though […]
- Today, the Reserve Bank released the results of May 2026 round of its bi-monthly Rural Consumer Confidence Survey (RCCS)1 2. 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, besides information on inflation. The survey was conducted during May 2-11, 2026, covering 8,813 responses in the rural and semi-urban areas across all Indian states and three major UTs. Highlights: Rural consumer confidence for the current period weakened further; the Current Situation Index (CSI)3 declined sequentially in previous two rounds (Chart […]
- The Reserve Bank has been conducting the survey of professional forecasters (SPF) since September 2007. Forty panellists participated in the 100th round of the bi-monthly survey conducted during May 2026. The survey results are summarised in terms of their median forecasts and summary statistics are presented in Annexes 1-7. Highlights: 1.Output Real gross domestic product (GDP) is expected to grow by 6.5 per cent in 2026-27 and by 6.9 per cent in 2027-28 (Table 1). SPF panellists placed GDP growth forecasts in the range of 5.0-7.2 per cent for 2026-27 and in the range of 5.0-7.8 per cent for 2027-28 […]
- Contents Sections I. Meeting II. Regulation III. MoU IV. Fintech V. Publications VI. Data Release Volume XXII | Issue 2 | May 2026 MONETARY & CREDIT INFORMATION REVIEW Note from the Editor The month of May 2026 featured deliberations on key global and domestic macroeconomic and financial sector developments under the aegis of the FSDC Sub-Committee and strategic international engagement for the Reserve Bank. Under the chairmanship of Governor Shri Sanjay Malhotra, the FSDC-SC Sub-Committee convened to deliberate on key macroeconomic and financial sector developments and review progress in several inter-regulatory matters. During the month, the Central Board of RBI […]
- Today, the Reserve Bank released Publications).">1 the web publication ‘Annual Basic Statistical Return (BSR)-2 on Deposits with Scheduled Commercial BanksStatistics>Data Release>Fortnightly>Scheduled Bank's Statement of Position in India).">2 – March 20263’ on its ‘Database on Indian Economy’ portal4 (https://data.rbi.org.in Homepage > Publications). Scheduled commercial banks (SCBs), including regional rural banks, 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, size, and interest rate range wise distribution of term deposits as well as number of employees in the annual ‘Basic Statistical Return’ (BSR) – 2. […]