Press Releases
- The rate of interest on Government of India Floating Rate Bond 2028 (GOI FRB 2028) applicable for the half year April 04, 2025 to October 03, 2025 shall be 7.11 per cent per annum. It may be recalled that FRB 2028 carries a coupon, which has a base rate equivalent to the average of the […]
- The Reserve Bank has today released data on Money Supply for the fortnight ended March 21, 2025. Ajit Prasad Deputy General Manager (Communications) Press Release: 2025-2026/27
- As announced vide the Press Release 2024-2025/1933 dated January 15, 2025, the Reserve Bank will be conducting daily Variable Rate Repo (VRR) auctions on all working days in Mumbai with reversal taking place on the next working day, until further notice. 2. Based on assessment of the liquidity conditions, it is decided that the notified […]
- Government of India in exercise of the powers conferred by clause (a) of sub-section (1) read with sub-section (4) of section 8 of The Reserve Bank of India Act, 1934, has appointed Dr. Poonam Gupta, Director General, National Council of Applied Economic Research, New Delhi as Deputy Governor of Reserve Bank of India for a […]
- The result of the auction of State Government Securities held on April 03, 2025, is as under: (Amount in ₹ Crore) ANDHRA SGS 2033 ANDHRA SGS 2034 ANDHRA SGS 2037 ANDHRA SGS 2040 Notified Amount 1000 1000 1000 1350 Tenure 8 9 12 15 Competitive Bids Received (i) No. 52 […]
- The Reserve Bank of India (RBI) has, by an order dated March 28, 2025, imposed a monetary penalty of ₹36.40 lakh (Rupees Thirty Six Lakh and Forty Thousand only) on Aryavart Bank, Lucknow (the bank) for contravention of provisions of Section 26A read with Section 51(1) of of the Banking Regulation Act, 1949 (BR Act). […]
- I. Summary OMO Purchase Results Aggregate Amount (Face value) notified by RBI : ₹20,000 crore Total amount offered (Face value) by participants : ₹80,820 crore Total amount accepted (Face value) by RBI : ₹20,000 crore II. Details of OMO Purchase Issue Security 7.04% GS 2029 6.54% GS 2032 8.24% GS 2033 7.50% GS 2034 7.54% […]
- Security 7.04% GS 2029 6.54% GS 2032 8.24% GS 2033 7.50% GS 2034 7.54% GS 2036 7.23% GS 2039 Total amount notified Aggregate amount of ₹20,000 crore (no security-wise notified amount) Total amount (face value) accepted by RBI (₹ in crore) 1,050 3,128 6,660 1,335 4,002 3,825 Cut off yield (%) 6.3549 6.5007 6.5887 6.5837 […]
- Sr. No State/UT Amount to be raised (₹ Crore) Amount Accepted (₹ Crore) Cut off Price (₹)/ Yield (%) Tenure (Year) 1. Andhra Pradesh 1000 1000 6.78 08 1000 1000 6.79 09 1000 1000 6.84 12 1350 1350 6.88 15 1400 1400 6.85 16 2. Himachal Pradesh 900 900 6.84 10 3. Jammu and Kashmir […]
- Government of India has announced the sale (re-issue) of Government Securities, as detailed below, through auctions to be held on April 04, 2025 (Friday). As per the extant scheme of underwriting commitment notified on November 14, 2007, the amounts of Minimum Underwriting Commitment (MUC) and the minimum bidding commitment under Additional Competitive Underwriting (ACU) auction, […]
Notifications
- Limits for investment in debt and sale of Credit Default Swaps by Foreign Portfolio Investors (FPIs)RBI/2025-26/20 A.P. (DIR Series) Circular No. 01 April 03, 2025 To, All Authorized Persons Madam / Sir Limits for investment in debt and sale of Credit Default Swaps by Foreign Portfolio Investors (FPIs) 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/2025-26/19 DoR.CRE.REC.14/07.10.002/2025-26 April 01, 2025 All Primary (Urban) Co-operative Banks Madam / Dear Sir, Master Circular – Exposure Norms and Statutory / Other Restrictions – UCBs Please refer to RBI Master Circular DoR.CRE.REC.71/07.10.002/2023-24 dated January 16, 2024 on the captioned subject consolidating the instructions / guidelines issued to UCBs till January 15, 2024. Attached is […]
- RBI/2025-26/18 DOR.CRE.REC.No.13/07.10.002/2025-26 April 01, 2025 All Primary (Urban) Co-operative Banks Dear Sir/ Madam, Master Circular – Management of Advances – UCBs Please refer to the Master Circular DOR.CRE.REC.No.27/07.10.002/2023-24 dated July 25, 2023 on the captioned subject, consolidating the instructions / guidelines issued to UCBs till July 24, 2023. Attached is the revised Master Circular, updated […]
- RBI/2025-26/17 DOR.CRE.REC.No.11/07.10.002/2025-26 April 1, 2025 All Primary (Urban) Co-operative Banks Madam/Dear Sir, Master Circular – Housing Finance for UCBs Please refer to the Master Circular DOR.CRE.REC.No.6/07.10.002/2024-25 dated April 2, 2024 on the captioned subject, consolidating the instructions / guidelines issued to UCBs till April 01, 2024. Attached is the revised Master Circular, updated to reflect […]
- RBI/2025-26/134 DOR.SOG(SPE).REC.8/13.03.00/2025-26 April 01, 2025 All banks authorised to operate in India Madam/ Sir, Master Direction – Reserve Bank of India (Interest Rate on Deposits) Directions, 2025 Please refer to Master Direction – Reserve Bank of India (Interest Rate on Deposits) Directions, 2016 dated March 3, 2016, and Master Direction – Reserve Bank of India […]
- RBI/2025-26/16 DOR.CRE.REC.No.12/08.12.001/2025-26 April 01, 2025 All Scheduled Commercial Banks (excluding RRBs) Dear Sir/Madam, Master Circular – Housing Finance Please refer to the Master Circular DOR.CRE.REC.No.07/08.12.001/2024-25 dated April 02, 2024 consolidating the instructions / guidelines issued to banks till April 01, 2024 relating to Housing Finance. Attached is the revised Master Circular, updated to reflect all […]
- RBI/2025-26/15 DOR.CRE.REC.No.05/21.04.172/2025-26 April 01, 2025 All Scheduled Commercial Banks (excluding RRBs) Madam/ Dear Sir, Master Circular – Bank Finance to Non-Banking Financial Companies (NBFCs) Please refer to our Master Circular DOR.CRE.REC.No.17/21.04.172/2024-25 dated April 24, 2024 on the captioned subject. Attached is the revised Master Circular, updated to reflect all instructions issued as on date on […]
- RBI/2025-26/14 DOR.STR.REC.10/21.04.048/2025-26 April 01, 2025 The Chief Executive Officers All Primary (Urban) Co-operative Banks Madam / Dear Sir, Master Circular – Income Recognition, Asset Classification, Provisioning and Other Related Matters – UCBsPlease refer to our Master Circular DOR.STR.REC.9/21.04.048/2024-25 dated April 02, 2024 consolidating instructions / guidelines issued to banks till March 31, 2024 on matters […]
- RBI/2025-26/13 DOR.STR.REC.9/21.04.048/2025-26 April 01, 2025 All Commercial Banks (excluding RRBs) Madam/Dear Sir Master Circular – Prudential norms on Income Recognition, Asset Classification and Provisioning pertaining to Advances Please refer to the Master Circular DOR.STR.REC.8/21.04.048/2024-25 dated April 2, 2024 consolidating instructions / guidelines issued to banks till March 31, 2024 on matters relating to prudential norms […]
- RBI/2025-26/12 DOR.STR.REC.06/13.07.010/2025-26 April 01, 2025 All Scheduled Commercial Banks (excluding Payment Banks and RRBs) Dear Sir / Madam Master Circular – Guarantees and Co-acceptances Please refer to the Master Circular DOR.STR.REC.2/13.07.010/2024-25 dated April 01, 2024 consolidating the instructions / guidelines issued to banks till March 31, 2024, relating to Guarantees and Co-acceptances. Attached is the […]
SPEECHES
- A strong and resilient financial system is the bedrock on which the edifice of economic prosperity of a nation is built. Reserve Bank of India is the custodian of our financial system. It completed 90 years of its journey yesterday. The theme for our 90th year was ‘Stability, Trust and Growth’. It embodies all that […]
- Her Excellency, the President of India, Hon'ble Governor of Maharashtra, Hon'ble Chief Minister of Maharashtra, Hon'ble Union Minister of Communications, Hon'ble Deputy Chief Ministers of Maharashtra, distinguished invitees, representatives of the media, and my colleagues from the Reserve Bank, past and present. 2. It is my privilege to welcome you all on this momentous occasion […]
- It is a pleasure to be here at the Private Sector Collaborative Forum (PSCF) 2025 of the Financial Action Task Force (FATF). I am happy to note that this is the first time that the forum is being held in India. I thank FATF for giving us this opportunity. In my previous role as the […]
- I am delighted to participate in this year’s Annual Conference of the RBI Ombudsmen. The Reserve Bank has been organising this conference on or around the World Consumer Rights Day, that is, 15th March. World Consumer Rights Day is celebrated every year with the aim of raising global awareness about consumer rights and needs. We […]
- I am delighted to be present here and be part of this important event on climate change which continues to draw attention in the national and international discourse. I would not dwell in detail about the perils of climate change since this audience is already well aware about its impact not only on the real […]
- Digital Payments – Background and benefits 1. Payments are the lifeblood of commerce, enabling the flow of goods and services in an economy. They connect people, empower individuals and businesses, and drive economic growth. Quick, secure and reliable payments at affordable prices are the bedrock for a vibrant economy. Payments through digital modes support economic […]
- 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 […]
TENDERS
- Estate Office, Mumbai Regional Office, Reserve Bank of India had invited open e-tenders for the captioned work through MSTC portal. 2. The schedule of the tender has been revised as follow: a. E-tender Number : RBI/Mumbai Regional Office/Estate/160/24-25/ET/956 b. Last date of submission of PQ documents : April 07, 2025 till 5.00 PM c. Date […]
- Tender No – RBI/Kolkata Regional Office/Estate/40/24-25/ET/1013 The Pre-Bid meeting for the above tender was scheduled at Estate Department, RBI Kolkata on March 27, 2025 at 12:00 hrs. However, no vendors have participated in the Pre-Bid Meeting. All the terms and conditions of the tender remain same.
- Tender No – RBI/Kolkata Regional Office/Estate/39/24-25/ET/1011 The Pre-Bid meeting for the above tender was scheduled at Estate Department, RBI Kolkata on March 27, 2025 at 11:00 hrs. However, no vendors have participated in the Pre-Bid Meeting. All the terms and conditions of the tender remain same.
- A reference is invited to the captioned tender (RBI/DoC-Central Office Departments/Others/30/24-25/ET/980 | RFP for Audio Visual Agency) which was uploaded/ floated on February 25, 2025, under the “Tenders” link of RBI website (www.rbi.org.in). 2. In this connection, it is informed that the above-mentioned tender stands cancelled due to insufficient number of bids.
- Minutes of the Pre-Bid MeetingE-Tender Number: RBI/DCM-Central Office Departments/Others/1/25-26/ET/9[Survey on Households Payment] The bidders can submit the EMD of ₹1,30,000 (Rupees One Lakh Thirty Thousand only) for the captioned tender either through Bank Guarantee (as per Annex C) or through NEFT [in the beneficiary name of Reserve Bank of India, Mumbai in the A/c No. […]
- AddendumE-Tender Number: RBI/DCM-Central Office Departments/Others/1/25-26/ET/9[Survey on Households Payment] The pre-bid meeting on the captioned survey was convened as per schedule on April 02, 2025, at 11:30 am via online (through WebEx) mode. The meeting was attended by representatives of two empanelled survey agencies as mentioned below: M/s Development and Research Services Pvt. Ltd. M/s IPSOS […]
- E-tender No. RBI/PD-Central Office Departments/Others/31/24-25/ET/919 [SITC of Centralized AC Plant System] Reserve Bank of India, Premises Department, Central Office, Fort, Mumbai had invited e-tender for Supply, Installation, Testing and Commissioning of Centralized AC Plant System at Bank's Central Office Building, RBI, Fort, Mumbai through MSTC Portal on February 12, 2025. It is to state that […]
- Reserve Bank of India, Bengaluru invites e-Tender through MSTC website from eligible empanelled vendors for Renovation of Bank's officers flat no. K30 & K34 at RBI Staff Quarters, Osborne Road, Bengaluru. The e-Tender along with the detailed tender notice is available on the MSTC website at https://www.mstcecommerce.com/eprocn and the website of the RBI at https://www.rbi.org.in […]
- (E-tender No. RBI/Chandigarh Regional Office/Estate/25/24-25/ET/950) The pre-bid meeting of the captioned e-tender was scheduled at 11:00 AM on April 01, 2025 at Estate Department (3rd Floor), Reserve Bank of India, Central Vista, Sector-17, Chandigarh-160017 through offline mode. 2. No firm / tenderer / representative of any firm attended the said meeting at the scheduled date […]
- E-Tender No. – RBI/RAIPUR REGIONAL OFFICE/HRMD/6/24-25/ET/1030[Fire Party Services RBI Raipur] A pre-bid meeting for the captioned e-tender was held on March 27, 2025 (Thursday) at 11:00 AM at Reserve Bank of India, Conference Hall, Ground Floor, Sunder Nagar, Raipur. 2. (a) The following Officials of the Bank were present in the pre-bid meeting. Sl. No. […]
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 2024-25 Reference Period Release Date/Month Publication Apr 05, 2024 Apr 19, 2024 WSS Apr 19, 2024 May 03, 2024 WSS May 03, 2024 May 17, 2024 WSS May 17, 2024 May 31, 2024 WSS May 31, 2024 Jun 14, 2024 WSS Jun 14, 2024 Jun […]
- 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 of India released the balance of payments (BoP) data for the third quarter (Q3), i.e., October-December of 2024-25 on its website (www.rbi.org.in). On the basis of these data, the sources of variation in foreign exchange reserves during April-December 2024 are detailed below in Table 1. Table 1: Sources of Variation in Foreign Exchange Reserves* (US$ billion) Items April-December 2023 April-December 2024 I. Current Account Balance -30.7 -37.1 II. Capital Account (net) (a to f) 63.6 23.3 a. Foreign Investment (i+ii) 40.5 11.0 (i) Foreign Direct Investment (FDI) 7.8 1.6 […]
- Contents Sections I. Monetary Policy II. Regulation III. Financial Market IV. Payment and Settlement Systems V. Supervision VI. Financial Inclusion VII. Issuer of Currency VIII. Publication IX. Data Release Volume XX | Issue 11 | February 2025 MONETARY & CREDIT INFORMATION REVIEW Note from the Editor Welcome to the February 2025 edition of the Monetary and Credit Information Review (MCIR), highlighting the first rate cut in nearly five years as inflation shows signs of easing. Additionally, measures were announced to bolster cybersecurity, including the introduction of an exclusive 'bank.in' domain for Indian banks. We remain committed to our goal of […]
- PREFACE Chapter I: Legislative Framework Chapter II: Licensing of new institutions II.1 Licensing of Banks II.2 NBFC Registration II.3 Branch Licensing Chapter III: Governance and Ownership Framework III.1 Governance Framework III.2 Scale-based governance framework for NBFC III.3 Ownership Guidelines Chapter IV: Prudential Norms and Capital Regulations IV.1 Capital Regulations prescribed by BCBS IV.2 Capital and Prudential Requirements in India-Market and Liquidity Risk IV.3 Credit Risk IV.3.a Credit Products IV.3.b Credit Risk Management IV.3.c Income Recognition, Asset Classification and Provisioning Norms IV.3.d Resolution of Stressed Assets IV.3.e Credit Risk Transfer and Distribution IV.3.f Concentration Risk Management IV.4 Operational Risk Capital Requirements […]
- 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, […]