Press Releases
- Government of India (GoI) has announced the sale (issue / re-issue) of two dated securities for a notified amount of ₹32,000 crore as per the following details: Sr No Security Date of Repayment Notified Amount (₹ Crore) GoI specific Notification Auction Date Settlement Date 1 6.36% GS 2031 Feb 16, 2031 21,000 F.No.4(1)-B(W&M)/2026 dated May […]
- (Amount in ₹ crore, Rate in Per cent) Money Markets@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 0.00 – – I. Call Money 0.00 – – II. Triparty Repo 0.00 – – III. Market Repo 0.00 – – IV. Repo in Corporate Bond 0.00 – – B. Term Segment […]
- (Amount in ₹ crore, Rate in Per cent) Money Markets@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 0.00 – – I. Call Money 0.00 – – II. Triparty Repo 0.00 – – III. Market Repo 0.00 – – IV. Repo in Corporate Bond 0.00 – – B. Term Segment […]
- (Amount in ₹ crore, Rate in Per cent) Money Markets@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 7,09,003.43 5.10 0.01-6.00 I. Call Money 18,941.74 5.18 4.20-5.75 II. Triparty Repo 5,09,058.25 5.10 4.80-5.18 III. Market Repo 1,74,786.04 5.07 0.01-6.00 IV. Repo in Corporate Bond 6,217.40 5.19 5.15-5.50 B. Term Segment […]
- Shri Sanjay Malhotra, Governor of the Reserve Bank of India (RBI) and Ms Christine Lagarde, President of the European Central Bank (ECB), today signed a Memorandum of Understanding (MoU) on cooperation in the field of central banking. The signing took place on the margins of the Bank for International Settlements (BIS) meetings in Basel. The […]
- The following State Governments have offered to sell stock by way of auction, for an aggregate amount of ₹14,500 Crore (Face Value). Sr. No. State Amount to be raised(₹ Crore) Tenor (Year) Type of Auction 1. Assam 1000 Re-issue of 7.22% Assam SGS 2032, issued on March 18, 2026 Price 2. Bihar 1600 Re-issue of […]
- The Reserve Bank of India (RBI) has, by an order dated April 27, 2026, imposed a monetary penalty of ₹1.80 lakh (Rupees One lakh eighty thousand only) on Hinduja Housing Finance Limited (the company) for non-compliance with certain directions issued by RBI, relating to ‘Governance’. This penalty has been imposed in exercise of powers conferred […]
- The Reserve Bank of India today released the data showing daily merchant and Inter-Bank transactions in foreign exchange for the period March 23, 2026 – March 27, 2026. All Figures are in USD Millions Position Date MERCHANT INTER BANK FCY / INR FCY / FCY FCY / INR FCY / FCY Spot Forward Forward Cancel […]
- The Reserve Bank of India today released the data showing daily merchant and Inter-Bank transactions in foreign exchange for the period March 16, 2026 – March 20, 2026. All Figures are in USD Millions Position Date MERCHANT INTER BANK FCY / INR FCY / FCY FCY / INR FCY / FCY Spot Forward Forward Cancel […]
- The Reserve Bank of India today released the data showing daily merchant and Inter-Bank transactions in foreign exchange for the period March 09, 2026 – March 13, 2026. All Figures are in USD Millions Position Date MERCHANT INTER BANK FCY / INR FCY / FCY FCY / INR FCY / FCY Spot Forward Forward Cancel […]
Notifications
- RBI/2026-27/79 DOR.CAP.REC.No.68/21.01.002/2026-27 May 08, 2026 Reserve Bank of India (Commercial Banks – Prudential Norms on Capital Adequacy) Fifth Amendment Directions, 2026 The Reserve Bank had issued the Reserve Bank of India (Commercial Banks – Prudential Norms on Capital Adequacy) Directions, 2025 (hereinafter referred as the ‘Master Direction’), on November 28, 2025, as amended from time […]
- RBI/2026-27/80 DOR.CAP.REC.No.69/21.01.002/2026-27 May 08, 2026 Reserve Bank of India (Small Finance Banks – Prudential Norms on Capital Adequacy) Fourth Amendment Directions, 2026 The Reserve Bank had issued the Reserve Bank of India (Small Finance Banks – Prudential Norms on Capital Adequacy) Directions, 2025 (hereinafter referred as the ‘Master Direction’), on November 28, 2025, as amended […]
- RBI/2026-27/81 DOR.CAP.REC.No.70/21.01.002/2026-27 May 08, 2026 Reserve Bank of India (Payments Banks – Prudential Norms on Capital Adequacy) Second Amendment Directions, 2026 The Reserve Bank had issued the Reserve Bank of India (Payments Banks – Prudential Norms on Capital Adequacy) Directions, 2025 (hereinafter referred as the 'Master Direction'), on November 28, 2025, as amended from time […]
- RBI/2026-27/78 A.P. (DIR Series) Circular No. 09 May 06, 2026 All Authorised Persons, Madam / Sir, Issuance of Foreign Exchange Management (Authorised Persons) Regulations, 2026 The Reserve Bank has reviewed the existing framework for authorisation of any person as an Authorised Person under the Foreign Exchange Management Act, 1999, with the objective to rationalise the […]
- RESERVE BANK OF INDIA (FOREIGN EXCHANGE DEPARTMENT) CENTRAL OFFICE MUMBAI 400 001 Notification No. FEMA 401/2026-RB April 30, 2026 Foreign Exchange Management (Authorised Persons) Regulations, 2026 In exercise of the powers conferred under clause (h) of sub-section (2) of Section 47 read with Section 10 of the Foreign Exchange Management Act, 1999 (42 of 1999) […]
- RBI/DGBA/2026-27/400 CO.DGBA.GBD.No.S44/31.02.007/2026-27 April 30, 2026 Reserve Bank of India [Conduct of Government Business by Agency Banks (ABs) – Payment of Agency Commission and Oversight of ABs] Directions, 2026 Table of Contents Chapter I: Preliminary A. Short Title and Commencement B. Applicability Chapter II: Agency Business Arrangement – Appointment of ABs Chapter III: Payment of Agency […]
- RBI/DGBA/2026-27/399 CO.DGBA.GBD.No.S43/31.02.007/2026-27 April 30, 2026 Reserve Bank of India [Disbursement of Government Pension by Agency Banks (ABs)] Directions, 2026 Table of Contents Chapter I – Preliminary A. Short Title and Commencement B. Applicability C. Definitions Chapter II – Implementation of Government Orders A. Government Orders on Dearness Relief (DR), etc., available on its website B. […]
- RBI/2026-27/73 DOR.STR.REC.62/21-04-048/2026-27 April 29, 2026 Reserve Bank of India (All India Financial Institutions – Income Recognition, Asset Classification and Provisioning) Amendment Directions, 2026 Please refer to Reserve Bank of India (All India Financial Institutions – Resolution of Stressed Assets) Amendment Directions, 2026 dated April 29, 2026. 2. Consequent to the aforesaid Amendment Directions, in exercise […]
- RBI/2026-27/74 DOR.STR.REC.63/21-04-048/2026-27 April 29, 2026 Reserve Bank of India (All India Financial Institutions – Responsible Business Conduct) Amendment Directions, 2026 Please refer to Reserve Bank of India (All India Financial Institutions – Resolution of Stressed Assets) Amendment Directions, 2026 dated April 29, 2026. 2. Consequent to the aforesaid Amendment Directions, in exercise of the powers […]
- RBI/2026-27/75 DOR.STR.REC.64/21-04-048/2026-27 April 29, 2026 Reserve Bank of India (All India Financial Institutions – Credit Risk Management) Second Amendment Directions, 2026 Please refer to Reserve Bank of India (All India Financial Institutions – Resolution of Stressed Assets) Amendment Directions, 2026 dated April 29, 2026. 2. Consequent to the aforesaid Amendment Directions, in exercise of the […]
SPEECHES
- 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 […]
- Good Morning. 1. Let me begin by thanking you for giving me this opportunity to share my thoughts with you. It is indeed a pleasure to be present here amongst some of the brightest minds. 2. I fondly remember the 11 months spent here in 2008-09: from the basics of economics with courses by Bob […]
- Participants from the Reserve Bank of India: Shri Sanjay Malhotra – Governor, Reserve Bank of India Shri T. Rabi Sankar – Deputy Governor, Reserve Bank of India Shri Swaminathan J – Deputy Governor, Reserve Bank of India Dr. Poonam Gupta – Deputy Governor, Reserve Bank of India Shri R. Lakshmi Kanth Rao – Executive Director, […]
- Dr S. Vaidhyasubramaniam, Vice-Chancellor of SASTRA University, Shri G. Mahalingam, Chairman of the Board of City Union Bank, Dr. N. Kamakodi, MD & CEO, City Union Bank, distinguished guests, esteemed faculty members, staff and dear students, ladies, and gentlemen. A very good morning to all of you. 2. It is indeed an honour to deliver […]
- Professor Partha Ray, Director, National Institute of Bank Management (NIBM), Shri Jaikish, Principal, College of Agricultural Banking (CAB), distinguished delegates, researchers, faculty, policymakers, industry leaders, colleagues from India and overseas, ladies and gentlemen. Good afternoon. 2. As we come to the close of this International Conference on Digitalisation for Inclusive Finance and Sustainability, let me […]
TENDERS
- (RBI/Delhi Regional Office/HRMD/1/26-27/ET/63) 1. Reserve Bank of India, New Delhi (hereinafter referred to as “the Bank”) intends to empanel highly reputed and capable Car hiring agencies/ Companies/ Taxi operators for the purpose of hiring cars on need basis. The estimated annual cost of tender is ₹1,70,00,000/- (Rupees One Crore Seventy Lakh only) inclusive of GST, […]
- 1. Reserve Bank of India invites competitive e-tenders/ e-bids for Design, Supply, Installation, Testing and Commissioning (DSITC) of Roof Top Grid Interactive SPV based 30 KWp Solar Power System (Bifacial N-type Topcon Panel) with Solar optimizer or micro-inverter in the Bank's office building BKC-1 set and Bank's Officers' colony at Nalanda, Chembur – 1 set […]
- 1. Reserve Bank of India invites competitive e-tenders/ e-bids from Original Equipment Manufacturers (OEMs) for Design, Supply, Installation, Testing and Commissioning (DSITC) of 2X100 KVA Uninterrupted Power Supply (UPS) System at Office Building, Reserve Bank of India, BKC, Bandra, Mumbai from eligible bidders as per the specified pre-qualification criteria. The work is estimated to cost […]
- “The pre-bid meeting for the captioned tender (Sealed Quotation) was held on May 08, 2026 (Friday) at 11:00 AM at Estate Cell, BKC. 2. Following Officials of Estate Cell, BKC attended the above pre-bid meeting- S. No Name Designation 1 Ms. Shweta Mhasvekar Manager 2 Shri K Vishnu Vardhan Assistant Manager 3 Shri Yashwardhan Sonawane […]
- Reserve Bank of India, Thiruvananthapuram invites e-tender for the publication of advertisement in newspapers regarding ‘Reserve Bank of India Cancels the License of Paytm Payments Bank Limited’. The said advertisement will be published on Thursday, May 28, 2026 (in two Malayalam dailies) in all Kerala editions. The tendering process shall be done through the e-tendering […]
- Minutes of Pre-bid Meeting(Tender number: RBI/Delhi Regional Office/Estate/2/26-27/ET/53[fixing partition wall OLDR]) A reference is invited to the captioned bid, which was invited on April 28, 2026, on the MSTC portal. 2. In the above context, it is informed that, the following clauses in the tender document revised as follows – Sl no. Existing Clause Revised […]
- Corrigendum(E-Tender No. – RBI/Delhi Regional Office/Estate/2/26-27/ET/53[fixing partition wall OLDR]) The Pre-Bid Meeting for the captioned tender was scheduled by Estate Department, RBI, New Delhi on May 04, 2026 at 11:00 hrs. However, no bidder/vendor has attended the same.
- IMPORTANT INFORMATION and SCHEDULE OF TENDER (SOT) (RBI/Belapur Regional office/Estate/2/26-27/ET/75 [Housekeeping – Kharghar Colony]) Name of Work: Providing housekeeping, pest control, front office & facility management services under Annual Maintenance Contract to be provided at Bank’s residential colony including Zonal Training Centre premises at Kharghar, Navi Mumbai Estimated Cost of Work Rs.410 Lakh Date and […]
- (RBI/Belapur/Estate/1/26-27/ET/74 [Facility Management Services]) Name of Work: Providing Facility Management Services (FMS) for carrying out day to day operations and maintenance of various services as per scope for the Bank’s Office Building at Belapur, Primary Data Center (PDC) and Bank’s Officer’s Colony Premises at Kharghar, Navi Mumbai Estimated Cost of Work Rs.272 Lakh Date and […]
- Reserve Bank of India, Bhubaneswar invites e- tenders for the captioned work from Bank’s empaneled vendors/contractors under the said category of the work costing 02-10 Lakh. The tendering would be done through the e-Tendering portal of MSTC Ltd (https://www.mstcecommerce.com/eprocn). All interested empaneled vendors /contractors must register themselves with MSTC Ltd through the above-mentioned website to […]
PUBLICATION
- Analytical Accounts of the Banking Sector General Government Operations International Investment Position (IIP) International Reserves and Foreign Currency Liquidity Data Template Rates and Ratios Foreign Exchange Reserves Analytical Accounts of the Central Bank External Debt Treasury Bill Rates Balance of Payment Advance Release Calendar of the Analytical Accounts of the Banking Sector for the year 2026-27 Reference Period Release Date/Month Publication Apr 15, 2026 Apr 24, 2026 WSS Apr 30, 2026 May 08, 2026 WSS May 15, 2026 May 22, 2026 WSS May 31, 2026 Jun 12, 2026 WSS Jun 15, 2026 Jun 26, 2026 WSS Jun 30, 2026 Jul […]
- 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) with IMF I.8.3 SAARC Swap Arrangement I.8.4 Investment in Bonds issued by IIFC (UK) Part-II: Objectives of Reserve Management, Legal Framework, Risk Management […]
- Contents Sections I. Monetary Policy II. Regulation III. Utkarsh 2029 IV. Financial Markets V. Payments and Settlements Systems VI. Publications VII. Data Release and Surveys Volume XXII | Issue 1 | April 2026 MONETARY & CREDIT INFORMATION REVIEW Note from the Editor In the April 2026 issue of MCIR, we present the latest policy announcement of the Reserve Bank of India, which has kept the repo rate unchanged at 5.25 per cent while maintaining a neutral stance amid heightened global uncertainties arising from the West Asia conflict. The issue highlights India’s continued macroeconomic resilience, with real GDP growth projected at […]
- 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 […]
- I. Background Over the past decade, digital payments in India have expanded at an unprecedented pace, reflecting a structural shift in the manner in which individuals and businesses conduct financial transactions. Digital transaction volumes have increased 38-fold, while transaction values have more than tripled. The compound annual growth rate (CAGR) of digital payments over this period stands at approximately 53% and 13% in volume and value terms respectively. ii. The above growth has been supported by a diverse and interoperable payments ecosystem comprising credit and debit cards, Unified Payments Interface (UPI), Immediate Payment Service (IMPS), National Electronic Funds Transfer (NEFT), […]
- The Reserve Bank has been conducting the survey of professional forecasters (SPF) since September 2007. Forty-six panellists participated in the 99th round of the bi-monthly survey conducted during March 2026. The survey results are summarised in terms of their median forecasts and summary statistics are presented in Annexes 1-8. Highlights: 1. Output Real gross domestic product (GDP) is expected to grow by 6.9 per cent in 2026-27 and by 7.0 per cent in 2027-28 (Table 1). SPF panellists placed GDP growth forecasts in the range of 6.0-7.5 per cent for 2026-27 and in the range of 6.2-8.0 per cent for […]
- Today, the Reserve Bank released the results of March 2026 round of its bi-monthly Inflation Expectations Survey of Households (IESH)1 2. The survey was conducted during February 25 to March 10, 2026, in 19 major cities, with 6,075 responses. Highlights: The current median inflation perception of households inched up by 30 basis points (bps) to 7.2 per cent as compared to the previous round. Their inflation expectations for the three months and one year ahead rose by 60 bps and 20 bps to 8.5 per cent and 8.8 per cent, respectively [Charts 1a and 1b; Table 3]. For both the […]
- Today, the Reserve Bank released the results of March 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 February 25 to March 10, 2026, covering 8,928 responses in the rural and semi-urban areas across all Indian states and three major UTs. Highlights: Rural consumer confidence for the current period has worsened; the Current Situation Index (CSI)3 declined and moved into […]
- Today, the Reserve Bank released the results of March 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 February 25 to March 10, 2026, covering 6069 respondents across 19 major cities. Highlights: Consumer confidence for the current period deteriorated in the pessimistic zone with the Current Situation Index (CSI)2 at 95.7 vis-à-vis 98.1 in the previous round (Chart 1). Confidence for the year ahead, though […]
- Today, the Reserve Bank released the results of its 72nd round of the quarterly Order Books, Inventories, and Capacity Utilisation Survey (OBICUS), which was conducted during Q4:2025-26 and covered 1057 manufacturing companies. The survey1 provides a snapshot of the demand conditions in India’s manufacturing sector during October-December 2025. Highlights: At the aggregate level, capacity utilisation (CU) in the manufacturing sector increased to 75.6 per cent in Q3:2025-26 from 74.3 per cent in the previous quarter. The seasonally adjusted CU (CU-SA) increased by 60 basis points from the previous quarter and stood at 75.5 per cent in Q3:2025-26. Both CU and […]