Press Releases
- The following State Governments have offered to sell stock by way of auction, for an aggregate amount of ₹38,054 Crore (Face Value). Sr. No. State/UT Amount to be raised (₹ Crore) Tenure (Year) Type of Auction 1. Andhra Pradesh 1000 11 Yield 2. Assam 900 15 Yield 950 20 Yield 3. Bihar 1546 12 Yield […]
- In pursuance of the announcement made in the Statement on Developmental and Regulatory Policies dated October 09, 2024 regarding the review of extant regulatory guidelines on levy of foreclosure charges/ pre-payment penalties on loans, Reserve Bank has released today the draft circular in this regard. Comments/feedback by the stakeholders and members of public on the […]
- In terms of Para 13 of the Consolidated Procedural Guidelines on the Sovereign Gold Bond (SGB) Scheme issued by the Reserve Bank of India vide circular IDMD.CDD.1100/14.04.050/2021-22 dated October 22, 2021, premature redemption of the gold bonds is permitted after five years from the date of issue of such bonds. 2. Accordingly, the details of […]
- The Reserve Bank of India issued Directions to Shankarrao Mohite Patil Sahakari Bank Ltd., Akluj, Maharashtra under Section 35A read with Section 56 of the Banking Regulation Act, 1949 vide Directive NGP.DOS.SSM 2.No.S1389/15-04-616/2022-2023 dated February 23, 2023, for a period of six months up to August 24, 2023 as modified from time to time which […]
- Today, the Reserve Bank released its web publication entitled ‘Quarterly Basic Statistical Returns (BSR)-1: Outstanding Credit of Scheduled Commercial Banks (SCBs)Statistics>Data Release>Fortnightly>Scheduled Bank's Statement of Position in India) and aggregate level monthly data on sectoral deployment of bank credit for December 2024, reported by select major banks, were also released on the website (Home>Statistics>Data Releases>Monthly> […]
- Today, the Reserve Bank released the web publication ‘Deposits with Scheduled Commercial BanksStatistics>Data Release>Fortnightly>Scheduled Bank's Statement of Position in India).">1 – December 20242’ on its ‘Database on Indian Economy’ portal3 (https://data.rbi.org.in Homepage > Publications). Scheduled commercial banks (SCBs) {excluding regional rural banks (RRBs)} report branch-wise data on type of deposits (current, savings and term), its […]
- The Reserve Bank of India (RBI) has, by an order dated February 20, 2025, imposed a monetary penalty of ₹39.00 lakh (Rupees Thirty nine lakh only) on Citibank N.A. (the bank) for non-compliance with certain directions issued by RBI on ‘Large Exposures Framework’ and ‘Furnishing of Credit Information to Credit Information Companies (CICs). This penalty […]
- The Reserve Bank of India (RBI) has, by an order dated February 17, 2025, imposed a monetary penalty of ₹1.50 lakh (Rupees One lakh fifty thousand only) on JM Financial Home Loans Limited (the company) for non-compliance with certain provisions of the ‘Non-Banking Financial Company – Housing Finance Company (Reserve Bank) Directions, 2021’ issued by […]
- The Reserve Bank of India (RBI) has, by an order dated February 20, 2025, imposed a monetary penalty of ₹6.20 lakh (Rupees Six Lakh Twenty Thousand only) on Asirvad Micro Finance Limited (the company) for non-compliance with certain provisions of the ‘Master Direction – Reserve Bank of India (Regulatory Framework for Microfinance Loans) Directions, 2022’, […]
- 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 14,000 February 27, 2025 (Thursday) February 28, 2025 (Friday) 2 182 Days 12,000 3 364 Days 7,000 Total 33,000 […]
Notifications
- RBI/2024-25/117 FMRD.DIRD.16/14.03.042/2024-25 February 21, 2025 To All Eligible Market Participants Madam/Sir, Reserve Bank of India (Forward Contracts in Government Securities) Directions, 2025 Please refer to press release dated December 28, 2023, regarding issuance of draft Directions on Bond Forwards for public feedback. 2. Based on the feedback received from the market participants, the draft Directions […]
- RBI/2024-25/116 DOR.MRG.REC.60/00-00-017/2024-25 February 17, 2025 Madam / Dear Sir, Reserve Bank of India (Prudential Regulations on Basel III Capital Framework, Exposure Norms, Significant Investments, Classification, Valuation and Operation of Investment Portfolio Norms and Resource Raising Norms for All India Financial Institutions) Directions, 2023 – Amendment Please refer to paragraph 34.2 of the Reserve Bank of […]
- RBI/2024-25/115 FMRD.MIOD.No.15/11.01.051/2024-25 February 17, 2025 To All participants in Government Securities market Madam/Sir, Government securities transactions between a Primary Member (PM) of NDS-OM and its own Gilt Account Holder (GAH) or between two GAHs of the same PM Transactions in Government securities in the Over the Counter (OTC) market are currently undertaken either on Negotiated […]
- RBI//2024-2025/114 A.P. (DIR Series) Circular No. 21 February 13, 2025 All Category – I Authorised Dealer Banks Madam/Sir Export-Import Bank of India’s GOI-supported Line of Credit of USD 120 mn to the Government of the Socialist Republic of Vietnam (GO-VNM) for procurement of High-Speed Guard Boats in the Borrower’s Country Export-Import Bank of India (Exim […]
- RBI//2024-2025/113 A.P. (DIR Series) Circular No. 20 February 13, 2025 All Category – I Authorised Dealer Banks Madam/Sir Export-Import Bank of India’s GOI-supported Line of Credit of USD 180 mn to the Government of the Socialist Republic of Vietnam for procurement of 4 Offshore Patrol Vessels (OPV) in the Borrower’s CountryExport-Import Bank of India (Exim […]
- RESERVE BANK OF INDIA (FOREIGN EXCHANGE DEPARTMENT) CENTRAL OFFICE MUMBAI 400 001 Notification No. FEMA 14(R)(1)/2025-RB February 10, 2025 Foreign Exchange Management (Manner of Receipt and Payment) (Amendment) Regulations, 2025 In exercise of the powers conferred by section 47 of the Foreign Exchange Management Act, 1999 (42 of 1999), the Reserve Bank makes the following […]
- RBI/2024-25/112 DOR.CO.SOG(Leg) No.59/09.08.024/2024-25 February 11, 2025 All Agency Banks Madam / Dear Sir All Agency Banks to remain open for public on March 31, 2025 (Monday) The Government of India has made a request to keep all branches of the banks dealing with Government receipts and payments open for transactions on March 31, 2025 (Monday-Public […]
- RBI/FMRD/2024-25/127 FMRD.MIOD.No.12/11.01.051/2024-25 February 07, 2025 To All participants in Government Securities market Madam/Sir, Access of SEBI-registered non-bank brokers to NDS-OM Please refer to Paragraph 2 of the Statement on Developmental and Regulatory Policies announced as a part of the Bi-monthly Monetary Policy Statement for 2024-25 dated February 07, 2025, on making the Negotiated Dealing System […]
- RBI/2024-25/111 DoR.RET.REC.57/12.01.001/2024-25 February 07, 2025 All Banks Madam / Dear Sir, Change in Bank Rate Please refer to our circular DOR.RET.REC.101/12.01.001/2022-23 dated February 08, 2023 on the captioned subject. 2. As announced in the Monetary Policy Statement 2024-25 dated February 07, 2025, the Bank Rate is revised downwards by 25 basis points from 6.75 per […]
- RBI/2024-25/110 REF.No.MPD.BC.398/07.01.279/2024-25 February 07, 2025 All Primary Dealers, Standing Liquidity Facility for Primary Dealers As announced in the bi-monthly Monetary Policy Statement, 2024-25, today, it has been decided by the Monetary Policy Committee (MPC) to reduce the policy repo rate under the Liquidity Adjustment Facility (LAF) by 25 basis points from 6.50 per cent to […]
SPEECHES
- Introduction Good Morning All! I thank IIM, Kozhikode and the National Stock Exchange for inviting me to deliver the inaugural address at this Conference. The theme for the conference— “Finance for Growth Amid Creative Disruptions”—captures the essence of the transformation we are witnessing in the financial sector – not just in India but globally. Disruptions […]
- 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 Moderator: Shri Puneet Pancholy – Chief General […]
- At the outset, I would like to thank the organisers for inviting me to this 17th edition of the Mint BFSI Summit & Awards. I am delighted to get this opportunity to engage with you during this event. As a regulator for banks and non-banking financial companies (NBFCs), I thought this could be an occasion […]
- Participants from Reserve Bank of India: Shri Sanjay Malhotra – Governor, Reserve Bank of India Moderator: Shri Puneet Pancholy – Chief General Manager, Reserve Bank of India Puneet Pancholy: Good afternoon. It is my honor and a privilege to have amongst us, for the first time, the 26th Governor of Reserve Bank of India Shri […]
- Good Morning Ladies and Gentlemen. At the outset, I would like to thank Shri Ravi Mital, Chairperson, Insolvency and Bankruptcy Board of India for inviting me to this international conclave on the theme ‘Insolvency Resolution: Evolution & Global Perspective’ being held in collaboration with INSOL India. A confluence in the thought processes of policy makers, […]
- Participants from Reserve Bank of India: 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 […]
- Governor Mr Ahmed Munawar, Maldives Monetary Authority (MMA), Dr Mahamood Shougee, Chancellor of the Maldives National University, Mr Ahmed Imad, Deputy Governor, MMA, other senior colleagues of the MMA, distinguished presenters and panelists and participants, ladies and gentlemen, good morning to all of you. It is an honour for me to be invited to give […]
- Distinguished Guests, Ladies, and Gentlemen, Good Morning. Let me, at the outset, thank the organisers for inviting me here to share my thoughts on climate change, one of the most critical issues we face, not just as individuals, but as the collective global community. 2. As per the latest report from the Copernicus Climate Change […]
- Regional Director for Mumbai Regional Office, Shri Suman Ray; Regional Director for Nagpur Regional Office, Shri Sachin Shende; Chief General Manager, National Bank for Agriculture and Rural Development, Ms. Rashmi Darad; senior officials from Bank of Maharashtra, Convenor Bank, SLBC Maharashtra, senior executives from banks, Lead District Managers (LDMs), Lead District Officers (LDOs) and my colleagues from […]
- Esteemed delegates from across the world, respected Governor, Deputy Governors and all my colleagues from the Reserve Bank of India, ladies and gentlemen. A very good afternoon to you all. 1. It is indeed my honour to deliver the opening remarks before such a distinguished panel comprising Dr. John Mushayavanhu, Governor, Reserve Bank of Zimbabwe; […]
TENDERS
- Reserve Bank of India, Bengaluru invites e-tenders from Bengaluru based suppliers/ stockists/chemists who fulfil the eligibility criteria and agree to abide by the terms and conditions mentioned in the Request for Quotations (RFQ) for Supply of medicines to Bank’s dispensaries located in Bengaluru for the 2025-26. This is an open tender enquiry. However, only those […]
- Reserve Bank India, Patna invites application for empanelment of vendors from firms / companies / agencies for inclusion in the Bank’s panel of vendors for supply of Cleaning Materials. 2. The panel will remain valid for the period from April 01, 2025 till March 31, 2028, subject to satisfactory performance and annual review. The vendors […]
- 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/160/24-25/ET/956 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 […]
- 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 10-25 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 participate […]
- College of Agricultural Banking (CAB), Reserve Bank of India, Pune-411016, hereinafter referred to as “the CAB”, invites E-tenders under Two – Bid system (Technical & Financial Bid) for the work, viz “Providing Integrated Facility Management Service (IFMS) at CAB and and its residential quarters. The NIT Number and Schedule of the tender is given below: […]
- E-Tender No: RBI/Lucknow Regional Office/Issue/1/24-25/ET/833 E-tenders were invited for supply of container trucks for transportation of banknotes after publishing the Notice Inviting Tenders (NIT) in Press, MSTC Portal and on the Bank’s website on January 29, 2025. As per schedule, pre-bid meeting was conducted at 3:30 PM on February 20, 2025 in Issue Department, RBI, […]
- 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 2-10 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 participate […]
- Estate Department, Reserve Bank of India, Chandigarh (the Bank) had invited e-tender from eligible and willing firms for undertaking ‘E-Tender for Supply, Installation, Testing and Commissioning of Air Handling Unit (AHU) with allied works at the Bank’s Main Office Building in Chandigarh”. The last date for the submission of the tender was upto 11:00 AM […]
- Pre-bid meeting of the captioned tender was held at 12:30 AM on February 21, 2025 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 the pre-bid meeting which were […]
- The captioned notice inviting quotation from eligible vendors was published on RBI website on February 14, 2025. In terms of the said tender document, the Pre-Bid meeting of the above tender was conducted as per the schedule on February 20, 2025 at 15.00 hrs at Conference Room, Reserve Bank of India, 2nd Floor, Jackson Gate […]
PUBLICATION
- A. Approvals / 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’ approved/ 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: […]
- Today, the Reserve Bank released the results of January 2025 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 January 2-11, 2025, covering 6,081 respondents. Female respondents accounted for 52.4 per cent of this sample. Highlights: Consumer confidence for the current period marginally declined owing to somewhat tempered sentiments across the survey parameters except price level; the current situation […]
- Today, the Reserve Bank released the results of January 2025 round of its bi-monthly inflation expectations survey of households (IESH)1 2. The survey was conducted during January 2-11, 2025, in 19 major cities, with 6,096 valid responses, where female participation was 55.4 per cent. Highlights: Households' median inflation perception moderated marginally by 10 basis points (bps) from the previous survey round to 8.3 per cent [Charts 1a and 1b; Table 3]. Inflation expectations for the three months and one-year horizons increased by 20 bps and 10 bps to 9.3 per cent and 10.2 per cent, respectively [Charts 1a and 1b; […]
- The Reserve Bank has been conducting the survey of professional forecasters (SPF) since September 2007. Forty-six panellists participated in the 92nd round of the bi-monthly survey conducted during January 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 6.3 per cent in 2024-25 and by 6.5 per cent in 2025-26 (Table 1). SPF panellists placed GDP growth forecasts in the range of 5.5-6.8 per cent for 2024-25 and in the range of 5.9-7.7 per cent for […]
- Today, the Reserve Bank released the results of 108th round of its quarterly industrial outlook survey (IOS). The survey1 encapsulates qualitative assessment of the business climate by Indian manufacturing companies for Q3:2024-25 and their expectations for Q4:2024-25 as well as outlook on select parameters for the subsequent two quarters. In all, 1,447 companies responded in this round of the survey2 conducted during October-December 2024. Highlights: A. Assessment for Q3:2024-25 Manufacturing companies reported marginally better demand conditions in Q3:2024-25 vis-à-vis the previous quarter, as reflected in their assessment for production, employment, capacity utilisation, exports and order books (Table A). Input cost […]
- Today, the Reserve Bank released the results of 30th round of its quarterly Bank Lending Survey1, 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 Q3:2024-25, collected senior loan officers’ assessment of credit parameters for Q3:2024-25 and their expectations for Q4 of 2024-25 and Q1 and Q2 of 2025-26. Highlights: A. Assessment for Q3:2024-25 Bankers assessed higher credit demand across all broad sectors except retail/personal loans, which recorded some growth […]
- Today, the Reserve Bank released the results of its 67th round of the quarterly Order Books, Inventories, and Capacity Utilisation Survey (OBICUS), which was conducted during Q3:2024-25 and covered 1,008 manufacturing companies. The survey1 provides a snapshot of the demand conditions in India’s manufacturing sector during July-September 2024. Highlights: At the aggregate level, capacity utilisation (CU) in the manufacturing sector increased marginally to 74.2 per cent in Q2:2024-25, from 74.0 per cent in the previous quarter. The seasonally adjusted CU (CU-SA), however, declined by 110 basis points from the previous quarter and stands at 74.7 per cent in Q2:2024-25. Both […]
- Today, the Reserve Bank released the results of 43rd round of its quarterly Services and Infrastructure Outlook Survey (SIOS) conducted during Q3:2024-25. 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, 965 companies provided their assessment for Q3:2024-25 and expectations for Q4:2024-25 as well as outlook on key parameters for the subsequent two quarters. Highlights: A. Services Sector Assessment for Q3:2024-25 Firms assessed improvement in overall business situation, […]
- Contents Sections I. Regulation II. Foreign Exchange III. Financial Market IV. Supervision V. Consumer Education and Protection VI. Fintech VII. Index VIII. Debt Manager to Government IX. Statistics and Information X. Publication XI. Data Releases Volume XX | Issue 10 | January 2025 MONETARY & CREDIT INFORMATION REVIEW Note from the Editor Welcome to the January 2025 edition of the Monetary and Credit Information Review (MCIR), highlighting the Bank’s efforts in building a resilient domestic financial system and ensuring financial inclusion, digital literacy and affordability of credit. We remain committed to our goal of sharing accurate information, fostering deeper understanding […]
- Contents 1. Foreword 2. Overview 3. Payment Systems in India Legal Basis The Board for Payment and Settlement Systems Payment Systems Landscape Payment System Statistics 4. Major Regulatory Developments in Payment Systems in India 5. In Focus – UPI and its enhancements 6. Analysis of Payment Systems Data Large Value Payments (RTGS, CCIL) Retail Payment System (all other domestic payment systems) Cross Border Payments 7. Global Trends in Payment Systems Annex – Datapoints 1. Foreword 1.1 Over the past few years, digital payments in India have witnessed a phenomenal growth buoyed by the spectacular progress of Unified Payments Interface (UPI) […]