Press Releases
- The Governor, Reserve Bank of India held meetings with the MD & CEOs of Public Sector Banks and select Private Sector Banks on July 3, 2024, in Mumbai. These interactions are part of the Reserve Bank's continuous engagement with the Senior Management of its Regulated Entities. The meetings were also attended by Deputy Governors, Shri […]
- The Reserve Bank has today released data on Reserve Money for the week ended June 28, 2024. Ajit Prasad Deputy General Manager (Communications) Press Release: 2024-2025/623
- Auction Results 91 Days 182 Days 364 Days I. Notified Amount ₹8000 Crore ₹6000 Crore ₹6000 Crore II. Competitive Bids Received (i) Number 87 149 136 (ii) Amount ₹29591.105 Crore ₹27489.300 Crore ₹23189.700 Crore III. Cut-off price / Yield 98.3375 96.6739 93.5185 (YTM: 6.7810%) (YTM: 6.9000%) (YTM: 6.9498%) IV. Competitive Bids Accepted […]
- Tenor 2-day Notified Amount (in ₹ crore) 50,000 Total amount of offers received (in ₹ crore) 25,145 Amount accepted (in ₹ crore) 25,145 Cut off Rate (%) 6.49 Weighted Average Rate (%) 6.49 Partial Acceptance Percentage of offers received at cut off rate NA Ajit Prasad Deputy General Manager (Communications) Press Release: 2024-2025/621
- I. T-Bill 91 days 182 days 364 days II. Total Face Value Notified ₹8,000 Crore ₹6,000 Crore ₹6,000 Crore III. Cut-off Price and Implicit Yield at Cut-Off Price 98.3375 (YTM: 6.7810%) 96.6739 (YTM: 6.9000%) 93.5185 (YTM: 6.9498%) IV. Total Face Value Accepted ₹8,000 Crore ₹6,000 Crore ₹6,000 Crore Ajit Prasad Deputy General Manager (Communications) Press […]
- On a review of the current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Reverse Repo (VRRR) auction on July 03, 2024, Wednesday, as under: Sl. No. Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal 1 50,000 2 12:30 PM to 01:00 PM July 05, 2024 (Friday) […]
- (Amount in ₹ crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 584,261.28 6.37 0.52-6.75 I. Call Money 12,233.49 6.49 5.00-6.60 II. Triparty Repo 409,653.25 6.35 6.20-6.43 III. Market Repo 161,529.54 6.41 0.52-6.60 IV. Repo in Corporate Bond 845.00 6.65 6.65-6.75 B. […]
- The following Nine Non-Banking Financial Companies (NBFC) have surrendered the Certificate of Registration (CoR) granted to them by the Reserve Bank of India (RBI). The RBI, in exercise of powers conferred on it under Section 45-IA (6) of the Reserve Bank of India Act, 1934, has therefore cancelled their CoR. i) Due to exit from […]
- The result of the auction of State Government Securities held on July 02, 2024 is as under: (Amount in ₹ Crore) ANDHRA PRADESH 2033 ANDHRA PRADESH 2036 ANDHRA PRADESH 2041 ANDHRA PRADESH 2045 Notified Amount 1000 1000 1000 1000 Tenure 9 12 17 21 Competitive Bids Received (i) No. 68 […]
- Over the years, the Reserve Bank has been progressively liberalising policies governing foreign exchange transactions, under FEMA, 1999. In continuation of these efforts, as announced in the Statement on Developmental and Regulatory Policies of June 2024, it has been decided to rationalise regulations that cover export and import transactions. The proposed regulations are intended to […]
Notifications
- RBI/2024-25/47 A.P. (DIR Series) Circular No. 13 July 03, 2024 To, All Authorised Dealers in Foreign Exchange Madam / Dear Sir, Release of foreign exchange for Miscellaneous Remittances In terms of the direction issued under the A.P.(DIR Series) Circular No. 16 dated September 12, 2002, A.P.(DIR Series) Circular No. 55 dated December 23, 2003 and […]
- RBI/2024-25/46 A.P. (DIR Series) Circular No. 12 July 03, 2024 To All Authorised Dealers in Foreign Exchange Madam / Dear Sir Online submission of Form A2: Removal of limits on amount of remittance Attention of Authorised Dealer (AD) Category-I banks and AD Category-II entities is invited to paragraph 4 of A.P. (DIR Series) Circular No. […]
- RBI/2024-25/45 DoR.RET.REC.25/12.07.160/2024-25 June 25, 2024 All Commercial and Co-operative Banks Madam / Dear Sir, Exclusion of “Nagar Urban Co-operative Bank Limited” from the Second Schedule of the Reserve Bank of India Act, 1934 It is advised that “Nagar Urban Co-operative Bank Limited” has been excluded from the Second Schedule to the Reserve Bank of India […]
- RBI/2024-25/44 FIDD.CO.PSD.BC.No.7/04.09.01/2024-25 June 21, 2024 The Chairman / Managing Director/Chief Executive Officer[All Commercial Banks including Regional Rural Banks,Small Finance Banks, Local Area Banks andPrimary (Urban) Co-operative Banks other than Salary Earners’ Banks] Madam/ Dear Sir, Priority Sector Lending – Amendments to the Master Directions Please refer to Master Directions (MD) on Priority Sector Lending (PSL) […]
- RBI/2024-2025/43 FED Circular No. 11 June 11, 2024 All Scheduled Commercial Banks (holding AD Category-I license) Madam/Sir International Trade Settlement in Indian Rupees (INR) – Opening of additional Current Account for settlement of trade transactions Attention of Authorised Dealer Category – I (AD Category – I) banks is invited to FED Circular No. 08 dated […]
- RBI/2024-2025/42 A.P. (DIR Series) Circular No. 10 June 11, 2024 All Category – I Authorised Dealer Banks Madam/ Sir Export-Import Bank of India (Exim Bank)’s Government of India-supported Line of Credit of USD 23.37 mn to the Government of the Co-operative Republic of Guyana (GO-GUY), for procurement of two Hindustan 228-201 aircraft from Hindustan Aeronautics […]
- RBI/2024-25/41 A.P. (DIR Series) Circular No. 09 June 07, 2024 To All Category-I Authorised Dealer Banks Madam/ Sir Foreign Exchange Management (Overseas Investment) Directions, 2022 – Investments in Overseas Funds Attention of Category-I Authorised Dealer Banks is invited to Paragraph 1(ix)(e) of Foreign Exchange Management (Overseas Investment) Directions, 2022, issued vide A.P. (DIR Series) Circular […]
- RBI/2024-25/40 DoR.SPE.REC.No.24/13.03.00/2024-2025 June 07, 2024 All Scheduled Commercial Banks (excluding RRBs) All Small Finance Banks All Local Area Banks Madam / Sir, Amendment to Master Direction – Reserve Bank of India (Interest Rate on Deposits) Directions, 2016 Please refer to paragraph 3(a)(i) of the Master Direction – Reserve Bank of India (Interest Rate on Deposits) […]
- RBI/2024-25/39 A.P. (DIR Series) Circular No. 08 May 27, 2024 To All Authorised Persons in Foreign Exchange Madam/ Sir Instructions on Money Changing Activities Attention is invited to FED Master Direction No.3/2015-16 dated January 01, 2016 (updated from time to time) on Money Changing Activities. 2. In terms of extant instructions, Full Fledged Money Changers […]
- RBI/2024-25/38DOR.RET.REC.23/12.07.160/2024-25 May 24, 2024 All Banks Madam / Dear Sir, Exclusion of "Fincare Small Finance Bank Limited" from the Second Schedule to the Reserve Bank of India Act, 1934 and cessation as a banking company It is informed that "Fincare Small Finance Bank Limited" has been excluded from the Second Schedule to the Reserve Bank […]
SPEECHES
- I am happy to inaugurate the eighteenth Statistics Day Conference of the Reserve Bank. This annual event provides us with an opportunity to reflect on the current and evolving state of statistical system. It also helps us to take stock of the refinements in application of statistical methods and technologies in the realm of public […]
- Mr. V G Sekhar, Principal, CAB, Convenors of SLBCs, my colleagues from RBI, ladies and gentlemen. A very good afternoon to you all. 1. I am delighted to address you all today, the conveners of all our SLBCs. I understand that you all had a very purposeful engagement over these two days, dwelling upon various […]
- Professor Sheri Markose1; Dr. Hiroko Oura2; Deputy Governor Shri Swaminathan; Shri Arijit Basu, Chairman, Academic Council, College of Supervisors; Dr. Rabi N. Mishra, Director, College of Supervisors; Distinguished speakers and panelists; Members of the Academic council, College of Supervisors; My colleagues from the Reserve Bank; Ladies and Gentlemen. Namaskar. I am delighted to be here […]
- Good morning to you all! I am deeply honoured to participate in the 79th meeting of the Executive Council (EXCO) of the International Association of Deposit Insurers (IADI). At the outset, I would like to express my profound appreciation for the IADI as a global standard-setter as well as an international forum for the cross-fertilisation […]
- Participants from the RBI: 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 Bank of […]
- Deputy Governor Shri Swaminathan, Executive Directors, Chairmen of the Board and ACB of ARCs, MDs & CEOs of ARCs, my colleagues from RBI, ladies and gentlemen, I am happy to be amidst you today to talk about the crucial topic of governance in ARCs. But before I address the issue of governance, let me briefly […]
- Deputy Governor Shri Rao, Chairpersons, members of the Board and CEOs of ARCs, my colleagues from RBI and ladies and gentlemen. A very good morning to all of you. 1. I am pleased to address you today at the inaugural conference of the Directors on the Boards of the ARCs organised by the Reserve Bank […]
- Deputy Governor Shri Rao, Heads of Assurance functions from Urban Cooperative Banks, and my colleagues from the Reserve Bank of India. A very good morning to all of you. 1. The Reserve Bank of India has been engaging with its supervised entities regularly over matters of governance and effectiveness of assurance functions. We have had […]
TENDERS
- Reserve Bank of India, Mumbai invites two-part tender by e-tender mode from the contractors empaneled with Reserve Bank of India, Estate Office, Fort, Mumbai in category of civil works (A) costing between ₹25 Lakh to ₹50 Lakh for the captioned work. The tendering would be done through the e-Tendering portal of MSTC Ltd (https://www.mstcecommerce.com/eprocn/). All […]
- Survey to assess the reasons for the Low Level of Complaints from the Rural/Semi-Urban Areas, MumbaiSCHEDULE OF TENDER E-Tender Number RBI/CEPD-Central Office Departments/Others/1/24-25/ET/151[RFQ for Survey] Mode of tender e-Procurement system https://www.mstcecommerce.com/eprocn/ The agencies, who intend to bid, are required to submit their offer electronically through this e- tendering portal. No physical bid would be accepted. Date of uploading financial bid document on MSTC website July 3, 2024 E-tender view date […]
- Reserve Bank of India, Kanpur invites E-Tender for Publication of Advertisement in newspapers on July 29, 2024 (Monday) regarding “Redressal of Complaints against entities regulated by RBI under Reserve Bank – Integrated Ombudsman Scheme” at Kanpur. The said advertisement is to be published on July 29, 2024 (Monday) in English, Hindi and Financial Daily) in […]
- Reserve Bank of India, Mumbai invites sealed tenders in two parts (offline mode) for “Conducting Water Audit of Bank’s Office Building at Byculla, Mumbai” from eligible firms/contractors fulfilling the pre-qualification criteria. The estimated cost of work is Rs. 65,000.00 (+) GST and is to be completed within 30 days from date of award of the […]
- Reserve Bank of India invites E-Tender for Design, Supply, Installation, Testing and Commissioning if 15 KWp SPV Based Solar Power Plant at Bank’s Main Office Premises, RBI Lucknow. The tendering would be done through the e-Tendering portal of MSTC Ltd (https://www.mstcecommerce.com/eprocn). Interested companies/agencies/ firms must register themselves with MSTC Ltd through the above-mentioned website to […]
- Reserve Bank of India, Mumbai invites two-part tender by e-tender mode from the contractors empaneled with Reserve Bank of India, Estate Office, Fort, Mumbai in category of Civil Works (A) costing between ₹25 Lakh to ₹50 Lakh for the captioned work. The tendering would be done through the e-Tendering portal of MSTC Ltd (https://www.mstcecommerce.com/eprocn/). All […]
- Estate Office, Mumbai Regional Office, Reserve Bank of India invites short notice 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/24/24-25/ET/150 b. Mode of tender e-Procurement System (Online Part I – Techno-Commercial Bid and Part II – Price Bid through www.mstcecommerce.com/eprochome/rbi) […]
- Regional Director, Reserve Bank of India, Ranchi invites e-Tender through MSTC Portal for Annual Maintenance Contract for undertaking the services of Electrician cum Diesel Generator Set operator at Reserve Bank of India, Ranchi. The e-Tender along with the detailed tender notice will be available on MSTC website ‘https://www.mstcecommerce.com/eprocn/’ and on the Bank’s website https://www.rbi.org.in under […]
- 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/15/24-25/ET/131 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 […]
- e-Tender No: RBI/Bhubaneswar Regional Office/Estate/1/24-25/ET/31 The Pre-bid meeting for the captioned e-tender was held on July 01, 2024 at 11:00 AM in the Estate Department, 2nd floor, RBI, Bhubaneswar, to discuss some clauses of the tender and to clarify queries, if any, raised by the interested vendors/ bidders. The meeting was attended by the following […]
PUBLICATION
- Contents Sections I. Monetary Policy II. Regulation III. DSIM IV. Fintech V. Banker to Government VI. Issuer of Currency VII. Publication VIII. Data Release Volume XX | Issue 3 | June 2024 MONETARY & CREDIT INFORMATION REVIEW Note from the Editor Welcome to another edition of the Monetary and Credit Information Review (MCIR). This monthly periodical of Reserve Bank of India helps keep abreast with new developments and important policy initiatives taken by the Reserve Bank during the month of June 2024 in the world of money and credit. MCIR can be accessed at https://mcir.rbi.org.in as well as by scanning […]
- 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 balance of payments (BoP) data for the fourth quarter (Q4), i.e., January-March 2023-24 on its website (www.rbi.org.in). On the basis of these data, the sources of variation in foreign exchange reserves during 2023-24 are detailed below in Table 1. Table 1: Sources of Variation in Foreign Exchange Reserves* (US$ billion) Items 2022-23 2023-24 I. Current Account Balance -67.1 -23.3 II. Capital Account (net) (a to f) 57.9 87.0 a. Foreign Investment (i+ii) 22.8 53.9 (i) Foreign Direct Investment (FDI) 28.0 9.8 (ii) Portfolio Investment -5.2 44.1 […]
- Today, the Reserve Bank released the results of May 2024 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 May 2-11, 2024, covering 6,083 respondents. Female respondents accounted for 52.7 per cent of this sample. Highlights: Consumer confidence for the current period paused on its uptrend as sentiments on all parameters, except spending, recorded some moderations in the latest […]
- Today, the Reserve Bank released the results of May 2024 round of its bi-monthly inflation expectations survey of households (IESH)1 2. The survey was conducted during May 2-11, 2024 in 19 major cities, with responses from 5,943 urban households. Female respondents accounted for 52.6 per cent of this sample. Highlights: Households’ inflation expectations for the three months and one year ahead periods increased by 20 basis points (bps) and 10 bps, respectively, but remained in single digits; their perception on current inflation, however, moderated by 10 bps and stood at 8.0 per cent in the latest survey round [Charts 1a […]
- The Reserve Bank has been conducting the survey of professional forecasters (SPF) since September 2007. Forty-three panellists participated in the 88th round of the bi-monthly survey conducted during May 2024. 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 6.8 per cent in 2024-25, revised up by 10 basis points (bps) from the previous round. It is expected to grow by 6.7 per cent in 2025-26, revised up by 20 bps from March 2024 […]
- 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 20243’ on its ‘Database on Indian Economy’ portal4 (https://dbie.rbi.org.in Homepage > Publications). Scheduled commercial banks (SCBs) {including regional rural banks (RRBs)} 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, […]
- Contents Sections I. Regulation II. Fintech III. Financial Markets IV. Foreign Exchange V. Supervision VI. Issuer of Currency VII. Statistics & Information VIII. Publication IX. Data Release Volume XX | Issue 2 | May 2024 MONETARY & CREDIT INFORMATION REVIEW Note from the Editor Welcome to another edition of the Monetary and Credit Information Review (MCIR). This monthly periodical of Reserve Bank of India helps keep abreast with new developments and important policy initiatives taken by the Reserve Bank during the month of May 2024 in the world of money and credit. MCIR can be accessed at https://mcir.rbi.org.in as well […]
- Contents Part-I: Developments during the Half-year I.1 Introduction I.2 Movement of Foreign Exchange Reserves I.2.1 Review of Growth of Foreign Exchange Reserves I.2.2 Sources of Accretion to Foreign Exchange Reserves I.3 Forward Outstanding I.4 External Liabilities vis-à-vis Foreign Exchange Reserves I.5 Adequacy of Reserves I.6 Management of Gold Reserves I.7 Investment Pattern of the Foreign Currency Assets I.8 Other Related Aspects I.8.1 Financial Transaction Plan (FTP) of the IMF I.8.2 Investments under New Arrangements to Borrow (NAB) and Note Purchase Agreement (NPA) with IMF I.8.3 SAARC/ACU Swap Arrangement I.8.4 Investment in Bonds issued by IIFC (UK) Part-II: Objectives of Reserve […]
- Press Release RBI Working Paper Series No. 04 Assessing the Impact of Macroprudential Policies on Housing Credit Dynamics: Evidence from India Amar Nath Yadav, Vivek Kumar, Alok Kumar Chakrawal and Jyoti Kumari@ Abstract 1This paper evaluates the efficacy of macroprudential (MaP) policy in modulating bank credit to the housing sector and its impact on the asset quality of banks in the Indian context. The empirical analysis suggests that a tightening of MaP policy is effective in controlling bank credit to the housing sector. Tightening policies appear to have a greater impact on credit growth than easing policies. Furthermore, a tighter […]