Press Releases
- (Amount in ₹ Crore) Auction Results 91-Day 182-Day 364-Day I. Notified Amount 9,000 6,000 5,000 II. Competitive Bids Received (i) Number 145 99 75 (ii) Amount 40,779.650 22,511.700 21,498.200 III. Cut-off price / Yield 98.6747 97.3132 94.7298 (YTM: 5.3872%) (YTM: 5.5371%) (YTM: 5.5787%) IV. Competitive Bids Accepted (i) Number […]
- I. T-Bill 91-Day 182-Day 364-Day II. Total Face Value Notified ₹9,000 Crore ₹6,000 Crore ₹5,000 Crore III. Cut-off Price and Implicit Yield at Cut-Off Price 98.6747 (YTM: 5.3872%) 97.3132 (YTM: 5.5371%) 94.7298 (YTM: 5.5787%) IV. Total Face Value Accepted ₹9,000 Crore ₹6,000 Crore ₹5,000 Crore Ajit Prasad Deputy General Manager (Communications) Press Release: 2025-2026/680
- Tenor 2-day Notified Amount (in ₹ crore) 1,00,000 Total amount of offers received (in ₹ crore) 97,315 Amount accepted (in ₹ crore) 97,315 Cut off Rate (%) 5.49 Weighted Average Rate (%) 5.46 Partial Acceptance Percentage of offers received at cut off rate NA Ajit Prasad Deputy General Manager (Communications) Press Release: 2025-2026/679
- (Amount in ₹ crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 5,95,739.88 5.15 4.00-6.25 I. Call Money 18,712.20 5.26 4.50-5.35 II. Triparty Repo 3,90,353.65 5.13 5.09-5.27 III. Market Repo 1,84,543.48 5.19 4.00-5.40 IV. Repo in Corporate Bond 2,130.55 5.41 5.35-6.25 B. […]
- On a review of the current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Reverse Repo (VRRR) auction on Wednesday, July 09, 2025, as under: Sl. No. Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal 1 1,00,000 2 10:00 AM to 10:30 AM July 11, 2025 (Friday) […]
- The result of the auction of State Government Securities held on July 08, 2025, is as under: (Amount in ₹ Crore) BIHAR SGS 2035 HARYANA SGS 2041 JAMMU AND KASHMIR SGS 2040 MADHYA PRADESH SGS 2041 Notified Amount 2000 1000 400 2500 Tenor 10 -Years 16 -Years 15 -Years 16 -Years Competitive Bids Received […]
- Sr. No. State/UT Notified Amount (₹ Crore) Amount Accepted (₹ Crore) Cut off Yield (%) Tenor (Year) 1. Bihar 2000 2000 6.88 10 2. Haryana 1000 1000 7.12 16 3. Jammu and Kashmir 400 400 7.14 15 4. Madhya Pradesh 2500 2500 7.14 16 2300 2300 7.15 18 5. Maharashtra 2000 2000 7.14 20 2000 […]
- (Amount in ₹ crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 6,13,280.00 5.14 2.00-6.25 I. Call Money 17,060.89 5.26 4.75-5.35 II. Triparty Repo 4,00,746.10 5.11 5.00-5.26 III. Market Repo 1,92,328.36 5.18 2.00-5.60 IV. Repo in Corporate Bond 3,144.65 5.42 5.32-6.25 B. […]
- Government of India (GoI) has announced the sale (issue / re-issue) of two dated securities for a notified amount of ₹25,000 crore as per the following details: Sr No Security Date of Repayment Notified Amount (₹ Crore) GoI specific Notification Auction Date Settlement Date 1 New GS 2032 Jul 14, 2032 11,000 F.No.4(1)-B(W&M)/2025 dated July […]
- The Reserve Bank of India had issued Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 to The Shirpur Merchants’ Co-operative Bank Ltd., Shirpur, Maharashtra, vide Directive No. CO.DOS.SED. No. S175/45-11-001/2024-2025 dated April 05, 2024, for a period of six months up to the close of business on October 08, […]
Notifications
- RESERVE BANK OF INDIA FOREIGN EXCHANGE DEPARTMENT CENTRAL OFFICE Mumbai 400001 Notification No. FEMA 23(R)/(6)/2025-RB June 24, 2025 Foreign Exchange Management (Export of Goods & Services) (Amendment) Regulations, 2025 In exercise of the powers conferred by Section 7 and clause (b) of sub-section (2) of section 47 of the Foreign Exchange Management Act, 1999 (42 […]
- RBI/2025-26/64 DoR.MCS.REC.38/01.01.001/2025-26 July 2, 2025 Reserve Bank of India (Pre-payment Charges on Loans) Directions, 2025 Availability of easy and affordable financing to Micro and Small Enterprises (MSEs)1 is of paramount importance. However, Reserve Bank’s supervisory reviews have indicated divergent practices amongst Regulated Entities (REs) with regard to levy of pre-payment charges in case of loans […]
- RBI/2025-26/63 CO.DPSS.POLC.No.S339/02-01-001/2025-2026 June 27, 2025 The Chairman / Managing Director / Chief Executive All Scheduled Commercial Banks including RRBs / Urban Cooperative Banks / State Cooperative Banks / District Central Cooperative Banks / National Payments Corporation of India (NPCI) Madam / Dear Sir, Aadhaar Enabled Payment System – Due Diligence of AePS Touchpoint Operators Aadhaar […]
- RBI/2025-26/62 DoR.SOG (DEA Fund) No.37/30.01.002/2025-26 June 25, 2025 Madam / Dear Sir The Depositor Education and Awareness (DEA) Fund Scheme, 2014 – Revised Operational Guidelines The Depositor Education and Awareness (DEA) Fund Scheme, 2014, prescribes the process to be followed by the banks for transfer to and claim of the amounts transferred to DEA Fund, […]
- RBI/2025-26/61 DOR.LIC.REC.36/16.13.218/2025-26 June 20, 2025 All Small Finance Banks Madam/ Dear Sir, Review of Priority Sector Lending norms – Small Finance Banks Please refer to the ‘Guidelines for Licensing of Small Finance Banks in Private Sector’ dated November 27, 2014 and the ‘Guidelines for ‘on-tap’ Licensing of Small Finance Banks in Private Sector’ released by […]
- RBI/2025-26/60 DOR.AML.REC.35/14.06.001/2025-26 June 19, 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: Addition of 01 Entry Please refer to paragraph 51 of the RBI Master Direction on Know Your Customer dated February 25, 2016 as amended […]
- RBI/2025-26/59 DOR.STR.REC.34/21.04.048/2025-26 June 19, 2025 Reserve Bank of India (Project Finance) Directions, 2025 I. Introduction II. Preliminary A. Preamble B. Powers Exercised C. Short Title and Commencement D. Effective Date E. Applicability F. Definitions III. General Guidelines G. Phases of Projects H. Prudential Conditions Related to Sanction I. Prudential Conditions Related to Disbursement and Monitoring […]
- RBI/2025-26/58 DOR.AML.REC.33/14.06.001/2025-26 June 16, 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: Removal of 01 Entry Please refer to Paragraph 51 of the RBI Master Direction on Know Your Customer dated February 25, 2016 as […]
- RBI/2025-26/57 CO.DGBA.GBD.No.S168/31-12-011/2025-2026 June 16, 2025 All Agency Banks Madam /Dear Sir, Review of instructions issued vide Master Circular on Conduct of Government Business by Agency Banks – Payment of Agency Commission Please refer to our Master Circular on Conduct of Government Business by Agency Banks – Payment of Agency Commission dated April 01, 2025 related […]
- RBI/FMRD/2025-26/137 FMRD.MIOD.No.02/14.03.027/2025-26 June 16, 2025 To All operators of Electronic Trading Platforms Madam/Sir, Master Direction – Reserve Bank of India (Electronic Trading Platforms) Directions, 2025 Please refer to Paragraph 1 of the Statement on Developmental and Regulatory Policies announced as a part of the Bi-monthly Monetary Policy Statement for 2023-24 dated February 08, 2024, on […]
SPEECHES
- Ladies and gentlemen, Good Morning. At the outset, let me thank the organisers for inviting me to deliver the keynote address at this milestone event and congratulate Trans Union CIBIL (TU CIBIL) on its 25th anniversary. Credit reporting and TU CIBIL have grown together in India and the company has made a significant contribution in […]
- 1. Chairman of the Board of Governors, Director of the Institute, Prof and Padma Shree Manindra Agrawal, winner of numerous awards, who was my senior here and who I hold in very high esteem, faculty members, staff, proud parents, family and friends of the graduating students, distinguished guests, and my dear graduating students, alumni, ladies […]
- 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 […]
- Distinguished guests, participants, ladies and gentlemen, Good evening. At the outset, let me thank the organisers for inviting me to share some of my thoughts on the theme of financial inclusion. Before that, let me take a moment to acknowledge that today i.e., June 05, 2025, is the World Environment Day, an UN-recognized day that […]
- Distinguished guests, participants, ladies and gentlemen, Good afternoon At the outset, let me thank the organisers for inviting me and giving me an opportunity to deliver the valedictory address and share some of my thoughts on a subject which continues to engage national as well as global attention. I believe there would have been fruitful […]
- I am very happy to be here amongst you in this historic location. I thank CII and USISPF for giving me this opportunity to be present here and share my thoughts. Both CII and USISPF have played important roles in fostering partnerships in trade, technology, investment and innovation between India and USA. I compliment them […]
- It is a pleasure to be here at the 24th FIMMDA-PDAI Annual Conference in Bali, an island that shares a deep and rich heritage with India, marked by centuries of cultural and commercial ties. 2. The past year has been eventful for financial markets globally. The initial optimism that global central banks were poised for […]
- 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. Rajiv Ranjan – Executive Director, Reserve […]
- CA Shri Charanjot Singh Nanda, President, Institute of Chartered Accountants of India; Chairpersons of the Audit Committee of the Boards, MDs & CEOs of NBFCs, and Statutory Auditors of NBFCs, Executive Directors from RBI and my colleagues from the Reserve Bank of India, Ladies and Gentlemen. A very good morning to all of you. 1. […]
- 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 […]
TENDERS
- (E-tender No. RBI/Chandigarh Regional Office/Estate/7/25-26/ET/180) The pre-bid meeting of the captioned e-tender was scheduled at 11:00 AM on July 08, 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 […]
- Reserve Bank of India, Chandigarh invites e-tender from eligible and willing firms for Appointment of Concurrent Auditors for the period October 01, 2025 to September 30, 2026. The estimated cost of work is ₹12.46 Lakh (including GST) only. 2. It is an open e-tender. Only those firms which are categorized in Category-I (having their Registered […]
- E-Tender No. – RBI/Kanpur Regional Office/Others/4/25-26/ET/261[Publication of Advertisement] According to the Schedule of e-Tender, Pre-Bid meeting for the captioned tender was held between 11:00 am to 12:00 pm on July 07, 2025 in online mode through WebEx. Participants are as follows: S. No. Name of Interested Bidder Name of Representative 1. M/s R K Swamy […]
- Tender No. – RBI/DoC-Central Office Departments/Others/3/25-26/ET/83 1. Reserve Bank of India, Central Office invites E-tender for “Selection of Audio – Visual Agency”. EMD amount of ₹1,80,000/- (One Lakh Eighty Thousand rupees only) to be submitted either through NEFT or in form of Bank Guarantee before August 07, 2025, 12:00 hours. 2. For full details of […]
- Reserve Bank of India, Aizawl, invites two-part tender by e-tender mode for For providing services of Unarmed Security Guards at RBI, Aizawl. The tendering would be done through the e-Tendering portal of MSTC Ltd. (https://www.mstcecommerce.com/eprocn/). All interested companies / agencies / firms must register themselves with MSTC Ltd. through the above-mentioned website to participate in […]
- Reserve Bank Staff College, Chennai invites e- tenders for the captioned work from vendors/contractors. The tendering would be done through the e-Tendering portal of MSTC Ltd (https://www.mstcecommerce.com/eprocn). All interested empanelled vendors /contractors must register themselves with MSTC Ltd through the above-mentioned website to participate in the tendering process. The Schedule of e-Tender is as follows: […]
- It is hereby notified that the captioned tender was published on July 01, 2025 through RBI website (www.rbi.org.in). In this connection, a ‘Pre-Bid Meeting’ for the captioned tender was conducted as per schedule at 12:00 PM on July 08, 2025 at 2nd Floor, Reserve Bank of India, Patna. No vendor participated in the meeting. Regional […]
- (Tender No: RBI/Bangalore Regional Office/Estate/18/25-26/ET/241) Pre-bid meeting on captioned subject was scheduled in Estate Department of RBI, Bengaluru at 11.00 AM on July 07, 2025 to address the queries, if any, of intended tenderers. No tenderer attended the same. Regional Director Reserve Bank of India Bengaluru July 07, 2025
- e-Tender No: RBI/Hyderabad Regional Office/Estate/9/25-26/ET/143 It has been decided to extend the last date of submission of tender documents for the above-mentioned Tender up to 11:00 a.m. of July 14, 2025. The Tender will be opened at 11:30 a.m. on July 14, 2025. In case of any clarification, you are requested to contact Estate Department, […]
- Reserve Bank of India, Bengaluru invites e-Tender through MSTC website from eligible empanelled vendors for Providing, fabricating and fixing M.S. grill and allied works on the boundary wall at Officers’ Quarter, Cunningham Road, RBI 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 […]
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: […]
- Contents Sections I. Monetary Policy II. Regulation III. Foreign Exchange IV. Financial Market V. Debt Manager to Government VI. Banker to Government VII. Publication VIII. Data Release and Surveys Volume XXI | Issue 3 | June 2025 MONETARY & CREDIT INFORMATION REVIEW Note from the Editor The June edition of the MCIR brings together key policy and regulatory updates released during the month. It features the Monetary Policy Statement, the MPC Resolution and the Minutes of the meeting—capturing the outlook, rationale and deliberations shaping the policy stance. Alongside, the issue compiles important circulars, updated directions and regulatory amendments issued by […]
- Today, the Reserve Bank of India released the balance of payments (BoP) data for the fourth quarter (Q4), i.e., January-March 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-March 2024-25 are detailed below in Table 1. Table 1: Sources of Variation in Foreign Exchange Reserves* (US$ billion) Items 2023-24 2024-25 I. Current Account Balance -26.1 -23.4 II. Capital Account (net) (a to f) 89.8 18.3 a. Foreign Investment (i+ii) 54.2 4.5 (i) Foreign Direct Investment (FDI) 10.2 1.0 (ii) Portfolio […]
- The Reserve Bank has been conducting the survey of professional forecasters (SPF) since September 2007. Forty-six panellists participated in the 94th round of the bi-monthly survey conducted during May 2025. The survey results are summarised in terms of their median forecasts and summary statistics are presented in Annexes 1-7. Highlights: A. Regular Survey 1. Output Real gross domestic product (GDP) is expected to grow by 6.3 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 5.8-7.0 per cent for 2025-26 and in the range of 5.9-7.7 […]
- Today, the Reserve Bank released the results of May 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 May 2-11, 2025, covering 6,090 respondents. Highlights: Despite improvements in employment and price conditions, consumer confidence for the current period remained stable due to marginal decline in sentiments on the other survey parameters. The Current Situation Index (CSI)2 moderated […]
- Today, the Reserve Bank released the results of May 2025 round of its bi-monthly inflation expectations survey of households (IESH)1 2. The survey was conducted during May 2-11, 2025, in 19 major cities, with 6,079 valid responses. Highlights: Households’ median perception of current inflation declined further by 10 basis points (bps) to 7.7 per cent, when compared to March 2025 round of the survey; their inflation expectations for the next three months remained unchanged while their one year ahead expectation moderated by 20 bps [Charts 1a and 1b; Table 3]. For both short term and one year ahead periods, the […]
- Today, the Reserve Bank released the results of May 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. This survey also collates information on households' current inflation perception and their expectation for the year ahead. The latest round of the survey was conducted during May 2-11, 2025, covering 8,969 valid responses. […]
- Contents Sections I. Regulation II. Financial Market III. Issuer of Currency IV. Supervision V. Publication VI. Data Releases and Surveys Volume XXI | Issue 2 | May 2025 MONETARY & CREDIT INFORMATION REVIEW Note from the Editor The Reserve Bank of India recently released its Annual Report for 2024 – 25 alongside convening its 616th Central Board meeting in Mumbai. The Report outlines key developments in the economy and the Reserve Bank’s policy priorities, with an emphasis on maintaining macroeconomic stability amid global uncertainties.A notable highlight is the revision of the Economic Capital Framework (ECF), reflecting a refined approach to […]
- Today, the Reserve Bank released Publications).">1 the web publication ‘Deposits with Scheduled Commercial BanksStatistics>Data Release>Fortnightly>Scheduled Bank's Statement of Position in India).">2 – March 20253’ on its ‘Database on Indian Economy’ portal4 (https://data.rbi.org.in Homepage > Publications). Scheduled commercial banks (SCBs) (including regional rural banks) report branch-wise data on type of deposits (current, savings and term), its institutional sector wise ownership, age wise distribution of deposits pertaining to individuals, maturity pattern of term deposits as well as number of employees in the annual ‘Basic Statistical Return’ (BSR) – 2 return. These data are released at disaggregated level (viz., type of deposits, population […]
- Contents 1. Introduction 2. Issuance of member shares at premium 3. Issuance of “Special Shares” under Section 12(1) of the Amendment Table 1: Comparison of Member Shares and SSCs 4. Secondary market for securities of UCBs 4.4 Provisions for transfer of securities of UCBs 4.5 Aspects pertaining to trading of securities issued by UCBs 4.5.1 Listing of securities issued by UCBs on stock exchanges 4.5.2 Trading of securities issued by UCBs on their websites 5. Recommendations of the Expert Committee pertaining to Perpetual Non-cumulative Preference Shares (PNCPS) Annex 1 Annex 2 Annex 3 Annex 4 1. Introduction 1.1 Section 12(1) […]