Press Releases
- Sr. No. State/UT Amount to be raised (₹ Crore) Amount Accepted (₹ Crore) Cut off Price (₹)/ Yield (%) Tenor (Year) 1. Goa 100 100 7.28 12 2. Haryana 1000 1000 7.10 08 1000 1000 7.29 12 1000 1000 7.35 14 1000 1000 7.38 16 3. Himachal Pradesh 200 200 6.99 06 4. Jammu and […]
- Tenor 1-day Notified Amount (in ₹ crore) 1,50,000 Total amount of bids received (in ₹ crore) 1,25,521 Amount allotted (in ₹ crore) 1,25,521 Cut off Rate (%) 5.51 Weighted Average Rate (%) 5.51 Partial Allotment Percentage of bids received at cut off rate (%) NA Ajit Prasad Deputy General Manager (Communications) Press Release: 2025-2026/1397
- (Amount in ₹ crore, Rate in Per cent) Money Markets@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 6,62,548.17 5.52 4.85-6.60 I. Call Money 16,781.31 5.59 4.85-5.75 II. Triparty Repo 4,50,356.85 5.50 5.10-5.56 III. Market Repo 1,91,781.46 5.56 5.00-6.00 IV. Repo in Corporate Bond 3,628.55 5.76 5.60-6.60 B. Term Segment […]
- The Reserve Bank of India (RBI) has, by an order dated October 22, 2025, imposed a monetary penalty of ₹1 lakh (Rupees One Lakh only) on The Tumkur District Co-operative Central Bank Limited, Karnataka (the bank) for contravention of provisions of Section 20 read with Section 56 of the Banking Regulation Act, 1949 (BR Act). […]
- The Reserve Bank of India (RBI) has, by an order dated October 23, 2025, imposed a monetary penalty of ₹1 lakh (Rupees One lakh only) on The Valparai Co-operative Urban Bank Ltd., Coimbatore, Tamil Nadu (the bank) for non-compliance with certain directions issued by RBI on ‘Know Your Customer (KYC)’. This penalty has been imposed […]
- The Reserve Bank of India (RBI) has, by an order dated October 23, 2025, imposed a monetary penalty of ₹50,000/- (Rupees Fifty Thousand only) on The Shevapet Urban Co-operative Bank Limited, Tamil Nadu (the bank) for non-compliance with certain directions issued by RBI under ‘Exposure Norms and Statutory / Other Restrictions – UCBs’. This penalty […]
- The Reserve Bank of India (RBI) has, by an order dated October 22, 2025, imposed a monetary penalty of ₹50,000/- (Rupees Fifty Thousand only) on Kamuthi Co-operative Urban Bank Ltd., Tamil Nadu (the bank) for non-compliance with certain directions issued by RBI on ‘Know Your Customer (KYC)’. This penalty has been imposed in exercise of […]
- The Reserve Bank of India (RBI) has, by an order dated October 22, 2025, imposed a monetary penalty of ₹50,000/- (Rupees Fifty Thousand only) on The Arantangi Co-operative Town Bank Limited, Tamil Nadu (the bank) for non-compliance with certain directions issued by RBI on ‘Declaration of dividend by UCBs’. This penalty has been imposed in […]
- On a review of current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Repo (VRR) auction on Tuesday, October 28, 2025, as under: Sl. No. Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal 1 1,50,000 1 09:30 AM to 10:00 AM October 29, 2025 (Wednesday) 2. The […]
- In terms of GOI notification F.No. 4(4)-B (W&M)/2020 dated April 13, 2020 (SGB 2020-21 Series-I-Issue date April 28, 2020) on Sovereign Gold Bond Scheme, premature redemption of Gold Bond may be permitted after fifth year from the date of issue of such Gold Bond on the date on which interest is payable. Accordingly, the next […]
Notifications
- RBI/2025-26/94DOR.AML.REC.58/14.06.001/2025-26 October 24, 2025 The Chairpersons/ CEOs of all the Regulated Entities Madam/Dear Sir, Implementation of Section 51A of UAPA,1967: Updates to UNSC’s 1267/ 1989 ISIL (Da'esh) & Al-Qaida Sanctions List: Amendments to 01 Entry Please refer to paragraph 51 of the RBI Master Direction on Know Your Customer dated February 25, 2016 as amended […]
- RBI/2025-26/93 DOR.AML.REC.57/14.06.001/2025-26 October 23, 2025 The Chairpersons/CEOs of all the Regulated Entities Madam/Dear Sir, Implementation of Section 51A of UAPA,1967: Updates to UNSC’s 1267/ 1989 ISIL (Da'esh) & Al-Qaida Sanctions List: Amendments to 01 Entry Please refer to paragraph 51 of the RBI Master Direction on Know Your Customer dated February 25, 2016 as amended […]
- RESERVE BANK OF INDIA FOREIGN EXCHANGE DEPARTMENT CENTRAL OFFICE MUMBAI – 400 001 Notification No. FEMA 3(R)(4)/2025-RB October 06, 2025 Foreign Exchange Management (Borrowing and Lending) (Amendment) Regulations, 2025 In exercise of the powers conferred by sub-section (2) of Section 6 and Section 47 of the Foreign Exchange Management Act, 1999 (42 of 1999), the […]
- RESERVE BANK OF INDIA FOREIGN EXCHANGE DEPARTMENT CENTRAL OFFICE MUMBAI – 400 001 Notification No. FEMA 10(R)(7)/2025-RB October 06, 2025 Foreign Exchange Management (Foreign Currency Accounts by a person resident in India) (Seventh Amendment) Regulations, 2025 In exercise of the powers conferred by Section 9 and clause (e) of sub-section (2) of section 47 of […]
- RBI/2025-26/92 DOR.AML.REC.56/14.06.001/2025-26 October 09, 2025 The Chairpersons/CEOs of all the Regulated Entities Madam/Dear Sir, Implementation of Section 51A of UAPA,1967: Updates to UNSC’s 1267/ 1989 ISIL (Da'esh) & Al-Qaida Sanctions List: Amendment of 02 Entries Please refer to paragraph 51 of the RBI Master Direction on Know Your Customer dated February 25, 2016 as amended […]
- EXECUTIVE DIRECTOR Reserve Bank of IndiaMumbai Reserve Bank – Integrated Ombudsman Scheme, 2021 (RB-IOS, 2021) NOTIFICATION Ref. CO.CEPD.PRS.No.S684/13-55-001/2025-2026 October 07, 2025 In exercise of the powers conferred under Section 35A of the Banking Regulation Act, 1949, and in partial modification of the notification CEPD. PRD. No. S544/13.01.001/2022-23 dated August 05, 2022, the Reserve Bank of […]
- RBI/2025-26/91 A.P. (DIR Series) Circular No. 14 October 03, 2025 To, All Authorised Dealer Category-I banks Madam / Sir, International Trade Settlement in Indian Rupees (INR) Attention of Authorised Dealer Category – I banks (AD banks) is invited to Para 8(c) of A.P. (DIR Series) Circular No.10 dated July 11, 2022 wherein it has been […]
- RBI/2025-26/90A.P. (DIR Series) Circular No. 13 October 03, 2025 To, All Authorised Dealer Category-I banks Madam / Sir Investment in Corporate Debt Securities by Persons Resident Outside India through Special Rupee Vostro account Attention of Authorised Dealer Category-I (AD Category-I) banks is invited to Schedule 1 to the Foreign Exchange Management (Debt Instruments) Regulations, 2019 […]
- RBI/2025-26/88 A.P. (DIR Series) Circular No. 11 October 01, 2025 All Authorised Dealer Category-I Banks Madam / Sir, Merchanting Trade Transactions (MTT) – Review of time period for outlay of foreign exchange Attention of Authorised Dealer Category – I banks (AD banks) is invited to Para 2 (vi) of A.P. (DIR Series) Circular No.20 dated […]
- RBI/2025-26/89 A.P. (DIR Series) Circular No.12 October 01, 2025 All Authorised Dealer Category-I Banks Madam / Sir, Export Data Processing and Monitoring System (EDPMS) & Import Data Processing and Monitoring System (IDPMS) – reconciliation of export /import entries – Review of Guidelines Attention of Authorised Dealer Category – I banks (AD banks) is invited to […]
SPEECHES
- 1. It is a pleasure to welcome all of you to this High-Level Dialogue on Forging Economic Resilience through Digital Public Platforms (DPPs). 2. Thank you for accepting our invitation to be a part of this dialogue. As key decision makers of your esteemed institutions, entrusted with safeguarding the economic heath and resilience of your […]
- Shri C S Setty, Chairman, State Bank of India, Mr Peter Simon, CEO and distinguished delegates of the WSBI, Shri Vinay Tonse, Managing Director, SBI and WSBI Asia Regional President, Friends, colleagues, ladies and gentlemen, good evening, everyone! 2. At the outset, congratulations to WSBI for completion of a century, in bringing together savings and […]
- I am very happy to participate in this 6th edition of the Global FinTech Fest (GFF). It is a premier forum where the wizards of technology intersect with the experts of finance. It is a unique forum where young innovators, brimming with bold ideas, converge with the steady wisdom of experienced leaders. This synergy which […]
- Good afternoon, distinguished policymakers, members of academia, industry leaders and innovators. It is both a pleasure and a responsibility to address this gathering on a subject that is poised to shape the future of finance, society, and governance alike—Responsible Artificial Intelligence. AI has rapidly evolved from an academic discussion less than a decade back to […]
- Participants from the Reserve Bank of India: Shri Sanjay Malhotra – 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 India Dr. Poonam Gupta – Deputy Governor, Reserve […]
- Secretary, DFS, Shri M. Nagaraju, other senior officials from the Government, Chairman and MDs of SBI, MD CEOs and EDs of Public Sector Banks, and my other colleagues, a very good morning to all of you. 2. I am honoured to be here at PSB Manthan 2025. Personally, this gathering feels like a homecoming, a […]
- Distinguished guests, participants, ladies and gentlemen, a very good evening. I am delighted to address this august gathering of distinguished persons, and key stakeholders across the financial spectrum in the banking transformation summit on the theme of ‘Banking That Builds Bharat: AI-Powered, Credit-Driven’, which is extremely contextual and relevant and encapsulates the spirit of Viksit […]
- It gives me immense pleasure to participate in the FIBAC annual conference for this year. It brings together distinguished thought leaders and stakeholders of the Indian economy and our financial ecosystem to deliberate on critical and contemporary issues facing the economic landscape of our country. The topic of the Conference “Charting New Frontiers” is very […]
- Participants of the ‘Management Development Programme on Financial Market Regulations’, Professors, ladies, and gentlemen. A very good morning to all of you! 2. At the outset, I would like to thank IIM, Kozhikode for inviting me here. It is a pleasure to address such a diverse gathering, ranging from policy veterans to important stakeholders across […]
- Participants from the Reserve Bank of India: Shri Sanjay Malhotra – 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 India Dr. Poonam Gupta – Deputy Governor, Reserve […]
TENDERS
- In terms of e-Tender No – RBI/Kolkata Regional Office/Estate/13/25-26/ET/570 dated October 21, 2025, a pre-bid meeting was scheduled to be held on October 24, 2025 at 15:30 hrs in offline mode at Estate Department, Bank Main Office Premise, RBI, Kolkata. 2. However, no vendors participated in the said Pre-Bid Meeting. 3. All the terms and […]
- A reference is invited to the event no: RBI/Mumbai Regional Office/Estate/71/25-26/ET/473 for the captioned tender. In this context, please note the following changes in schedule: Description Existing Date/Time Revised Date/Time Last date of submission of EMD October 27, 2025 (Monday) till 2.00 PM November 03, 2025 (Monday) till 2.00 PM Date of closing of online […]
- Reserve Bank of India, Bhopal invites e-Tender from eligible and willing firms for Additions, alterations and renovation of Shredding Machine Room in the Cash Department (Security Area) on the first floor of Bank's Main Office Building, Bhopal, Madhya Pradesh. The work is estimated to cost ₹10,17,355/- (including GST). 2. This is a limited tender. Only […]
- Reserve Bank of India invites E-Tender for Supply, Installation, Testing and Commissioning of two Multi-zone (9 Zone) Door Frame Metal Detectors for Bank's Office Building at RBI, Aizawl. The tendering would be done through the e-Tendering portal of MSTC Ltd (https://mstcecommerce.com/eprocn/). The Schedule of e-Tender is as follows: SCHEDULE OF TENDER (SOT) a. e-Tender Name […]
- Reserve Bank of India invites E-Tender for Supply, Installation, Testing and Commissioning of one (01) X-Ray Baggage Scanner (XBS) System for Bank's Office Building at RBI, Aizawl. The tendering would be done through the e-Tendering portal of MSTC Ltd (https://mstcecommerce.com/eprocn/). The Schedule of e-Tender is as follows: SCHEDULE OF TENDER (SOT) a. e-Tender Name E-Tender […]
- Due to administrative reasons, it has been decided to extend the last date of submission of tender documents for the above-mentioned Tender (RBI/DEHRADUN REGIONAL OFFICE/Estate/4/25-26/ET/421) as per the below mentioned schedule- Last date for submission of EMD On or before 17.11.2025 by 2:30 PM Date of submission of Tender documents 03:00 PM on 17.11.2025 Date […]
- Reserve Bank of India, Chennai invites e-Tender (two parts) for the work – Limited tender for “Renovation of One Officers' flat (Flat No. Z-38) at First Floor Bank's Staff Quarters, Besant Nagar, Chennai, 600090” The tendering process will be done only through the e-Tendering portal of MSTC Ltd. (https://www.mstcecommerce.com/eprocn). All interested bidders (Empaneled for Civil, […]
- Please refer to the tender notice event No. RBI/Chennai Regional office/Estate/40/25-26/ET/565[Renovn passage – ExecArea-MOP] invited on the MSTC website https://www.mstcecommerce.com/eprocn on October 17, 2025 for the captioned work. In this connection, it is hereby informed that the last date for submission of bids and EMD have been extended up to 11:00 Hrs. on October 30, […]
- A reference is invited to the captioned e-tender no. RBI/Jaipur Regional office/Estate/13/25-26/ET/477 which was placed on September 12, 2025, under the “Tenders” link of RBI website (www.rbi.org.in) and MSTC portal (www.mstcecommerce.com). 2. In this connection, it has been decided to extend the timeline for submission and opening of tender, as below: Description Revised Deadline Last […]
- E-Tender No. – RBI/Nagpur Regional Office/Estate/9/25-26/ET/505 [DSITC of Fire Suppression Sys] Reserve Bank of India, Estate Department, Nagpur Regional Office had invited open e-tender for “Design, Supply, Installation, Testing and Commissioning of FM 200/NOVEC 1230/Equivalent Fire Suppression System for the LT Panel at substation of Bank’s Office Building at RBI, Nagpur” through RBI Website and […]
PUBLICATION
- Contents Foreword 1. Introduction 2. Payment Systems in India – An Overview Payment System Statistics – Recent Trends Analysis of Payment System Data – since 2019 Large Value Payment Systems Retail Payment Systems (all other domestic payment systems) 3. Major Regulatory Developments in Payment Systems in India 4. In Focus: Real Time Gross Settlement (RTGS) System 5. Global Trends in Payment Systems Cross-Border Payments Costs of Remittance References Annex I – Payment System Instruments Annex II – Authorised Payment Systems in India Annex III – Activities in India’s Payment Systems Foreword The second edition of the half-yearly Payment Systems Report […]
- The Reserve Bank has been conducting the survey of professional forecasters (SPF) since September 2007. Forty-eight panellists participated in the 96th round of the bi-monthly survey conducted during September 2025. 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 6.7 per cent in 2025-26 and by 6.5 per cent in 2026-27 (Table 1). SPF panellists placed GDP growth forecasts in the range of 5.5-7.4 per cent for 2025-26 and in the range of 5.9-7.3 per cent for […]
- Today, the Reserve Bank released the results of September 2025 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 across 19 major cities. The latest round of the survey was conducted during August 28 to September 06, 2025, covering 6,068 respondents. Highlights: On account of improved sentiments observed in most of the survey parameters, consumer confidence for the current period improved marginally. The Current Situation Index (CSI)2 rose by 0.4 points […]
- Today, the Reserve Bank released the results of September 2025 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 from the households residing in the rural and semi-urban areas across all Indian states and three major UTs. The survey also collates information on households' current perception and their year ahead expectation on inflation. The latest round of the survey was conducted during August 28 to September 07, 2025, covering 8,848 […]
- Today, the Reserve Bank released the results of 33rd round of its quarterly Bank Lending Survey (BLS)1, which captures qualitative assessment and expectations of major scheduled commercial banks on credit parameters (viz., loan demand as well as terms and conditions of loans) for major economic sectors2. The latest round of the survey, which was conducted during Q2:2025-26, collected senior loan officers’ assessment of credit parameters for Q2:2025-26 and their expectations for Q3, Q4 of 2025-26 and Q1 of 2026-27. Highlights: A. Assessment for Q2:2025-26 Bankers assessed an improvement in loan demand across major sectors during Q2:2025-26 (Chart 1 and Table […]
- Today, the Reserve Bank released the results of September 2025 round of its bi-monthly inflation expectations survey of households (IESH)1 2. The survey was conducted during August 28 to September 06, 2025, in 19 major cities, with 6,082 responses. Highlights: Households' perception of the current median inflation inched up by 20 basis points (bps) to 7.4 per cent in comparison to the previous round. However, their inflation expectations for the next three months and one year ahead declined by 20 bps and 30 bps to 8.1 per cent and 8.7 per cent respectively [Charts 1a and 1b; Table 3]. For […]
- Today, the Reserve Bank released the results of its 70th round of the quarterly Order Books, Inventories, and Capacity Utilisation Survey (OBICUS), which was conducted during Q2:2025-26 and covered 980 manufacturing companies. The survey1 provides a snapshot of the demand conditions in India’s manufacturing sector during April-June 2025. Highlights: At the aggregate level, capacity utilisation (CU) in the manufacturing sector recorded a seasonal decline to 74.1 per cent in Q1:2025-26 from 77.7 per cent in the previous quarter. The seasonally adjusted CU (CU-SA) increased by 30 basis points from the previous quarter and stands at 75.8 per cent in Q1:2025-26. […]
- Today, the Reserve Bank released the results of 111th round of its quarterly industrial outlook survey (IOS). The survey1 encapsulates qualitative assessment of the business climate by Indian manufacturing companies for Q2:2025-26 and their expectations for Q3:2025-26 as well as outlook on select parameters for the subsequent two quarters. A total of 1,106 companies responded in this round of the survey2 conducted during July-September 2025. Highlights: A. Assessment for Q2:2025-26 Manufacturers indicated some moderation in demand conditions as compared to the previous quarter, as reflected in their assessment on production, order books and capacity utilisation (Table A). Pressures from cost […]
- Today, the Reserve Bank released the results of 46th round of its quarterly Services and Infrastructure Outlook Survey (SIOS) conducted during Q2:2025-26. This forward-looking survey1 captures qualitative assessment and expectations of Indian companies engaged in the services and infrastructure sectors on a set of business parameters relating to demand conditions, price situation and other business conditions. In the latest round of the survey2, 706 companies provided their assessment for Q2:2025-26 and expectations for Q3:2025-26 as well as outlook on key parameters for the subsequent two quarters. Highlights: A. Services Sector Assessment for Q2:2025-26 Services sector firms assessed an improvement in […]
- Contents Chapter I: Macroeconomic Outlook I.1: Key Developments since the April 2025 MPR I.2: The Outlook for Inflation I.3: Growth Outlook I.4: Balance of Risks I.5: Conclusion Box I.1: The Effect of Credit Conditions on Monetary Policy Chapter II: Prices and Costs II.1: Introduction II.2: Developments across Major Components of the CPI II.3: Decoding the Inflation Dynamics II.4: Drivers of Inflation Trajectory II.5: Conclusion Box: II.1: Sharp Rise and Slow Fade: Nature of Food Inflation Cycles in India Chapter III: Demand and Output III.1: Aggregate Demand III.2: Aggregate Supply III.3: Conclusion Box III.1: Consumer Confidence Channel: The Perception Pathway in […]