Press Releases
- The following State Governments have offered to sell stock by way of auction, for an aggregate amount of ₹42,941 Crore (Face Value). Sr. No. State Amount to be raised (₹ Crore) Additional Borrowing (Greenshoe) Option (₹ Crore) Tenor (Year) Type of Auction 1. Andhra Pradesh 1000 – 14 Yield 1000 – 16 Yield 1400 – […]
- The Reserve Bank of India, in exercise of the powers conferred under sub-section (4) of Section 44A read with Section 56 of the Banking Regulation Act, 1949, has sanctioned the Scheme of Amalgamation of The Bapunagar Mahila Co-operative Bank Ltd., Ahmedabad, Gujarat with Shri Vinayak Sahakari Bank Ltd., Ahmedabad, Gujarat. The Scheme will come into […]
- The Reserve Bank has today released data on Reserve Money and Money Supply for the fortnight ended March 15, 2026. Ajit Prasad Deputy General Manager (Communications) Press Release: 2025-2026/2325
- (Amount in ₹ crore) Auction Results 91-Day 182-Day 364-Day I. Notified Amount 15,000 12,000 8,000 II. Competitive Bids Received (i) Number 79 104 90 (ii) Amount 21,698.350 28,775.900 15,675.100 III. Cut-off price / Yield – – – – – – IV. Competitive Bids Accepted (i) Number – – – […]
- T-Bill 91-Day 182-Day 364-Day I. Total Face Value Notified ₹15,000 Crore ₹12,000 Crore ₹8,000 Crore II. Cut-off Price and Implicit Yield at Cut-Off Price NA NA NA III. Total Face Value Accepted NIL NIL NIL Ajit Prasad Deputy General Manager (Communications) Press Release: 2025-2026/2323
- The Reserve Bank of India issued Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 to Shree Mahalaxmi Urban Co-operative Credit Bank Ltd., Gokak (Karnataka) vide Directive No. CO.DOS.SED.No.S4800/12-23-151/2024-2025 dated September 26, 2024, for a period of six months up to close of business on March 27, 2025. The Reserve […]
- (Amount in ₹ crore, Rate in Per cent) Money Markets@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 6,96,207.07 5.18 2.00-6.50 I. Call Money 22,284.47 5.32 4.50-5.45 II. Triparty Repo 4,85,290.00 5.14 4.75-5.30 III. Market Repo 1,81,604.65 5.25 2.00-5.50 IV. Repo in Corporate Bond 7,027.95 5.65 5.50-6.50 B. Term Segment […]
- The following State Governments have offered to sell stock by way of auction, for an aggregate amount of ₹39,541 Crore (Face Value). Sr. No. State Amount to be raised (₹ Crore) Additional Borrowing (Greenshoe) Option (₹ Crore) Tenor (Year) Type of Auction 1. Assam 500 – 10 Yield 2. Gujarat 1000 500 09 Yield 3. […]
- On a review of current and evolving liquidity conditions, and to provide flexibility to the banking system in year-end liquidity management, it has been decided to conduct the following Variable Rate Repo (VRR) auctions: Sl. No. Date of Auction Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal 1 March 27, 2026 (Friday) […]
- The result of the auction of State Government Securities held on March 24, 2026, is as under: (Amount in ₹ Crore) ANDHRA PRADESH SGS 2043 ANDHRA PRADESH SGS 2046 ANDHRA PRADESH SGS 2051 ASSAM SGS 2032* Notified Amount 1500 1500 900 500 Tenor 17 -Years 20 -Years 25 -Years Re-issue of 7.22% ASSAM SGS […]
Notifications
- RBI/2025-26/250 DCM(CC)No.S4781/03.51.01/2025-26 March 16, 2026 All Currency Chest (CC) holding banks Madam / Dear Sir Currency Chest operations on March 31, 2026 In terms of instructions contained in circular DoR.CO.SOG(Leg)No.401/09.08.024/2025-26 dated February 03, 2026, all branches of the banks dealing with Government receipts and payments are to be kept open for transactions on March 31, […]
- RBI/DOR/2025-26/247 DOR.ACC.REC.No.442/21.04.018/2025-26 March 16, 2026 Reserve Bank of India (Regional Rural Banks – Financial Statements: Presentation and Disclosures) – Second Amendment Directions, 2026 Please refer to the Reserve Bank of India (Regional Rural Banks – Financial Statements: Presentation and Disclosures) Directions, 2025 (hereinafter referred to as ‘the Directions’).2. On a review, consequent to the issuance […]
- RBI/DOR/2025-26/248 DOR.ACC.REC.No.443/21.04.018/2025-26 March 16, 2026 Reserve Bank of India (Urban Co-operative Banks – Financial Statements: Presentation and Disclosures) – Third Amendment Directions, 2026 Please refer to the Reserve Bank of India (Urban Co-operative Banks – Financial Statements: Presentation and Disclosures) Directions, 2025 (hereinafter referred to as ‘the Directions’). 2. On a review, consequent to the […]
- RBI/DOR/2025-26/249 DOR.ACC.REC.No.444/21.04.018/2025-26 March 16, 2026 Reserve Bank of India (Rural Co-operative Banks – Financial Statements: Presentation and Disclosures) – Second Amendment Directions, 2026 Please refer to the Reserve Bank of India (Rural Co-operative Banks – Financial Statements: Presentation and Disclosures) Directions, 2025 (hereinafter referred to as ‘the Directions’). 2. On a review, consequent to the […]
- RBI/DOR/2025-26/244 DOR.ACC.REC.No.439/21.04.018/2025-26 March 16, 2026 Reserve Bank of India (Small Finance Banks – Financial Statements: Presentation and Disclosures) – Third Amendment Directions, 2026 Please refer to the Reserve Bank of India (Small Finance Banks – Financial Statements: Presentation and Disclosures) Directions, 2025 (hereinafter referred to as ‘the Directions’). 2. On a review, consequent to the […]
- RBI/DOR/2025-26/245 DOR.ACC.REC.No.440/21.04.018/2025-26 March 16, 2026 Reserve Bank of India (Payments Banks – Financial Statements: Presentation and Disclosures) Amendment Directions, 2026 Please refer to the Reserve Bank of India (Payments Banks – Financial Statements: Presentation and Disclosures) Directions, 2025 (hereinafter referred to as ‘the Directions’). 2. On a review, consequent to the issuance of the Implementation […]
- RBI/DOR/2025-26/246 DOR.ACC.REC.No.441/21.04.018/2025-26 March 16, 2026 Reserve Bank of India (Local Area Banks – Financial Statements: Presentation and Disclosures) Second Amendment Directions, 2026 Please refer to the Reserve Bank of India (Local Area Banks – Financial Statements: Presentation and Disclosures) Directions, 2025 (hereinafter referred to as ‘the Directions’). 2. On a review, consequent to the issuance […]
- RBI/DOR/2025-26/243 DOR.ACC.REC.No.438/21.04.018/2025-26 March 16, 2026 Reserve Bank of India (Commercial Banks – Financial Statements: Presentation and Disclosures) – Fifth Amendment Directions, 2026 Please refer to the Reserve Bank of India (Commercial Banks – Financial Statements: Presentation and Disclosures) Directions, 2025 (hereinafter referred to as ‘the Directions’). 2. On a review, consequent to the issuance of […]
- RESERVE BANK OF INDIA (Foreign Exchange Department) (Central Office) Mumbai – 400001 Notification No. FEMA 6 (R)/(5)/2026-RB February 23, 2026 Foreign Exchange Management (Export and Import of Currency) (Amendment) Regulations, 2026 In exercise of the powers conferred by clause (ga) of sub-section (2) of Section 47 of the Foreign Exchange Management Act, 1999 (42 of […]
- RBI/2025-26/242 DOR.AML.REC.437/14.06.001/2025-26 March 11, 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 1988 (2011) Taliban Sanctions […]
SPEECHES
- 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 […]
- Prof Nitin Upadhyay, Dean of Academics; Prof Jabir Ali, Dean of Faculty and Research; Prof Pranab Das and Dr. Ashish Kumar, Conference Chairs of this event; Distinguished speakers, panelists and guests; Faculty members, and above all, my dear students. A very good morning to all of you. 2. Before I begin, let me say it […]
- It is my pleasure and honour to deliver the 14th Foundation Day Lecture of the Centre for Development Studies (CDS). Established in October 1970 by Professor K. N. Raj, CDS has been a premier academic institute in India for social science and development research. CDS's footprints in economic research have been evident through its pioneering […]
- Good evening. 2. The Chairman and members of the Board of Axis Bank; the MD and CEO and the senior leadership team of the Axis Bank family, the Champions being recognised today, and colleagues, ladies and gentlemen. 3. Thank you for the warm invitation. It is a pleasure to be here at Axis House this […]
- 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 Shirish Chandra Murmu – Deputy Governor, Reserve […]
- Distinguished guests and my colleagues, Namaste and a very good afternoon! It is a privilege to address this illustrious gathering at College of Supervisors’ Third Annual Global Conference convened around the theme of ‘Adapting the Regulation and Supervision to the Digital Age’. 2. Digitalisation has brought significant benefits such as efficiency and productivity gains, improved […]
- Respected Governor; Deputy Governor, Shri S C Murmu; Chairman, Academic Council, College of Supervisors, Shri Arijit Basu; and members of the Academic Council of CoS Director, CoS, Shri R. Subramanian; Distinguished speakers, panellists and Managing Directors & CEOs of Regulated Entities; My fellow colleagues from RBI, Ladies and Gentlemen. A very good morning to all […]
- Good morning and Namaskar. It is my privilege to address the third annual global conference of the College of Supervisors. 2. Advancement in technology is impacting all spheres of human activity – personal, business and public. Financial system is no exception. Technology has revolutionised banking over the years. Yet, today's landscape is distinct – the […]
TENDERS
- The college had invited e-tender for the captioned work from eligible vendors on March 13, 2026. As per the Schedule of Tender, the pre-bid meeting was conducted in the presence of Senior Officer Shri Ganesh Kumar, DGM / MoF, nominated by the Vice-Principal / O-i-C vide order dated March 23, 2026 at 03.00 pm in […]
- A reference is invited to the event no: RBI/Mumbai Regional Office/Estate/149/25-26/ET/950 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 March 18, 2026 (Wednesday) till 02:00 PM April 10, 2026 (Friday) till 02:00 PM Date of closing of online […]
- e-Tender No. RBI/Kolkata Regional Office/HRMD/7/25-26/ET/882 [e-Tender for ALS ambulance] With reference to the captioned tender, the following tender item/clauses/ point numbers of the Tender Document have been modified/amended as indicated below: Sl. No. Relevant Tender Item/Clause/line under Section/para Now Read as after Addition to/modification of the existing Tender item/clause/line 1 Notice Inviting Tender (NIT) (Section […]
- E-Tender No: RBI/Ahmedabad Regional Office/Estate/11/25-26/ET/1099 The Pre-bid meeting for the captioned e-tender was scheduled in offline mode on March 24, 2026, at 11.30 AM at 4th floor, Reserve Bank of India, Ahmedabad Regional Office, Near Gandhi Bridge, Ahmedabad, Gujarat – 380014 to address the queries, if any, of intended tenderers. However, no tenderer/contractor turned up […]
- (E-tender No. RBI/Mumbai Regional Office/HRMD/7/25-26/ET/1038) The pre-bid meeting of the e-Tender for supply and delivery of 100 Stationery articles under Rate Contract 2026-27 to the Bank’s Offices in Mumbai Region (E-tender No. RBI/Mumbai Regional Office/HRMD/7/25-26/ET/1038 was held on March 18, 2026, at 12:00 P.M. The meeting was conducted offline at the Bank’s premises and was […]
- Reserve Bank of India (RBI), Kochi (hereinafter referred to as the "Bank") invites e Quotation from reputed Companies / Firms / Agencies for Management and housekeeping (including catering) of the Bank's Eight (08) Visiting Officers' Flats (VOF) at Ernakulam North, Kochi, for a period of two months. Period of the work: From April 01, 2026, […]
- E-Tender No: RBI/Kochi Regional Office/Estate/23/25-26/ET/1098 The captioned tender was published on the Bank’s website https://www.rbi.org.in/ and MSTC Portal on March 13, 2026, with last date of submission being March 23, 2026. 2. It has been decided to extend the timeline for submission and opening of the captioned tender, as below: Sl. No. Tendering Process Revised […]
- The pre-bid meeting for the captioned tender was conducted at 11.00 am on March 23, 2026 at Reserve Bank of India, Andhra Pradesh Regional Office, Stalin Central, 27-37-158, M.G. Road, Governor Pet, Vijayawada-520002. 2. The Representative from M/s. Pest Masters India Private Limited participated in the pre-bid meeting. 3. All the major terms and conditions […]
- Please refer to the tender notice (RBI/Bhopal Regional Office/Estate/24/25-26/ET/990) published on Bank’s website https://www.rbi.org.in on February 13, 2026 inviting applications for Annual Maintenance Contract (AMC) for Horticulture and gardening works at the Bank’s Main Office Premises at Arera Hills and Staff Quarters Premises at Char Imli, Bhopal 2. In this connection, it is informed that […]
- Reserve Bank of India, International Department, Central Office, invites e-tender under Two – Bid system (Technical & Financial Bid) from reputed agencies/ companies/ firms engaged in event management. The schedule of tender is as follows: 1. e-Tender No. RBI/International-Central Office Departments/Others/1/25-26/ET/1112 [Appointment of EMC] 2. Mode of tender e-Procurement System (Online Part I – Technical […]
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 […]
- Today, the Reserve Bank of India released the balance of payments (BoP) data for the third quarter (Q3), i.e., October-December of 2025-26, on its website (www.rbi.org.in). On the basis of these data, the sources of variation in foreign exchange reserves during April-December 2025 are detailed below in Table 1. Table 1: Sources of Variation in Foreign Exchange Reserves* (US$ billion) Items April-December 2024 April-December 2025 I. Current Account Balance -36.7 -30.2 II. Capital Account (net) (a to f) 22.9 -0.6 a. Foreign Investment (i+ii) 10.0 -1.3 (i) Foreign Direct Investment (FDI) 0.6 3.0 […]
- Contents Sections I. Monetary Policy II. 621st Meeting of the Central Board III. Regulation IV. Publication V. Data Release Volume XXI | Issue 11 | February 2026 MONETARY & CREDIT INFORMATION REVIEW Note from the Editor In February 2026, the Reserve Bank of India, under Governor Shri Sanjay Malhotra, maintained a steady monetary policy stance with the repo rate unchanged at 5.25%, underscoring confidence in India’s resilient growth and benign inflation trajectory. The Central Board assessed the global and domestic economic landscape, factoring in the challenges arising from geopolitical developments and financial market volatility. We remain committed to our goal […]
- Today, the Reserve Bank released the results of 47th round of its quarterly Services and Infrastructure Outlook Survey (SIOS) conducted during Q3:2025-26. 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, 1,004 companies provided their assessment for Q3:2025-26 and expectations for Q4:2025-26 as well as outlook on key parameters for the subsequent two quarters. Highlights: A. Services Sector Assessment for Q3:2025-26 Service sector firms’ assessment on overall business […]
- Today, the Reserve Bank released the results of 112th round of its quarterly industrial outlook survey (IOS). The survey1 encapsulates qualitative assessment of the business climate by Indian manufacturing companies for Q3:2025-26 and their expectations for Q4:2025-26 as well as outlook on select parameters for the subsequent two quarters. A total of 1,453 companies responded in this round of the survey2 conducted during October-December 2025. Highlights: A. Assessment for Q3:2025-26 Manufacturers’ optimism on demand conditions improved for Q3:2025-26 as compared to the previous quarter, as reflected in their assessment on production, order books and capacity utilisation (Table A). Responding firms […]
- Today, the Reserve Bank released the results of January 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 latest round of the survey was conducted during January 2-11, 2026, covering 5,933 respondents across 19 major cities. Highlights: Consumer confidence for the current period changed marginally – the Current Situation Index (CSI)2 stood at 98.1 vis-à-vis 98.4 in the previous round (Chart 1). Consumer confidence for the year ahead ticked […]
- Today, the Reserve Bank released the results of 34th 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 Q3:2025-26, collected senior loan officers’ assessment of credit parameters for Q3:2025-26 and their expectations for Q4:2025-26 and Q1, Q2 of 2026-27. Highlights: A. Assessment for Q3:2025-26 Bankers assessed higher loan demand from most of the sectors of the economy during Q3:2025-26 as compared to […]
- Today, the Reserve Bank released the results of January 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. 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 January 2-11, 2026, covering 8,909 responses of households in the rural and semi-urban areas across all Indian states and three major UTs. Highlights: The Current Situation […]
- Today, the Reserve Bank released the results of its 71st round of the quarterly Order Books, Inventories, and Capacity Utilisation Survey (OBICUS), which was conducted during Q3:2025-26 and covered 1,114 manufacturing companies. The survey1 provides a snapshot of the demand conditions in India’s manufacturing sector during July-September 2025. Highlights: At the aggregate level, capacity utilisation (CU) in the manufacturing sector increased marginally to 74.3 per cent in Q2:2025-26 from 74.1 per cent in the previous quarter. However, the seasonally adjusted CU (CU-SA) declined by 100 basis points from the previous quarter and stood at 74.8 per cent in Q2:2025-26. Both […]