Press Releases
- Tenor 1-day Notified Amount (in ₹ crore) 25,000 Total amount of bids received (in ₹ crore) 4,617 Amount allotted (in ₹ crore) 4,617 Cut off Rate (%) 6.01 Weighted Average Rate (%) 6.01 Partial Allotment Percentage of bids received at cut off rate (%) NA Ajit Prasad Deputy General Manager (Communications) Press Release: 2025-2026/373
- (Amount in ₹ crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 5,91,996.32 5.66 0.01-6.95 I. Call Money 15,136.12 5.79 4.85-5.90 II. Triparty Repo 3,83,321.90 5.64 5.50-5.76 III. Market Repo 1,91,620.30 5.68 0.01-6.95 IV. Repo in Corporate Bond 1,918.00 5.89 5.85-6.73 B. […]
- The Reserve Bank of India (RBI), vide order dated May 19, 2025, has cancelled the licence of “HCBL Co-operative Bank Ltd., Lucknow”. Consequently, the bank ceases to carry on banking business, with effect from the close of business on May 19, 2025. The Commissioner and Registrar of Cooperative, Uttar Pradesh has also been requested to […]
- In terms of GOI Notification F. No. 4(25)-W&M/2017 dated October 06, 2017, (SGB 2017-18 Series VIII – Issue date November 20, 2017) on Sovereign Gold Bond Scheme, premature redemption of Gold Bond may be permitted after fifth year from the date of issue of such Gold Bond on the date on which interest is payable. […]
- The Reserve Bank of India (RBI) has decided to grant “in-principle” approval to Emirates NBD Bank PJSC for setting up a Wholly Owned Subsidiary (WOS) in India, under the “Scheme for Setting up of WOS by foreign banks in India”. Emirates NBD Bank PJSC is currently carrying on banking business in India in branch mode […]
- Government of India (GOI) has announced the sale (re-issue) of two dated securities for a notified amount of ₹27,000 crore as per the following details: Sr No Security Date of Repayment Notified Amount (₹ Crore) GoI specific Notification Auction Date Settlement Date 1 6.75% GS 2029 Dec 23, 2029 15,000 F.No.4(1)-B(W&M)/2025 dated May 19, 2025 […]
- 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 […]
- The Reserve Bank had, on December 19, 2023, issued guidelines relating to investment by the regulated entities (REs) in Alternative Investment Funds (AIFs), with the objective of addressing certain concerns relating to possible evergreening through this route. Subsequently, certain clarifications were issued vide circular dated March 27, 2024. 2. On a review, it is observed […]
- I. Summary OMO Purchase Results Aggregate Amount (Face value) notified by RBI : ₹25,000 crore Total amount offered (Face value) by participants : ₹50,369 crore Total amount accepted (Face value) by RBI : ₹19,203 crore II. Details of OMO Purchase Issue Security 7.10% GS 2029 7.95% G.S 2032 7.18% GS 2033 7.73% GS 2034 7.54% […]
- A. Source Security 5.63% GS 2026 6.99% GS 2026 7.33% GS 2026 8.15% GS 2026 8.24% GS 2027 B. Notified Amount (amount in ₹ cr) 2,000 2,000 2,000 5,000 2,000 Destination Security 8.32% GS 2032 6.19% GS 2034 6.67% GS 2035 6.22% GS 2035 7.40% GS 2062 C. i. No. of offers received 6 6 […]
Notifications
- RBI/2025-2026/37 A.P. (DIR Series) Circular No. 05/2025-26 May 16, 2025 All Category – I Authorised Dealer Banks Madam/Sir Exim Bank’s GOI-supported Line of Credit (LOC) for USD 700 million to the Govt. of Mongolia (GO-MNG), for financing construction of Crude Oil Refinery Plant in Mongolia Export-Import Bank of India (Exim Bank) has entered into an […]
- RBI/2025-26/36 DOR.STR.REC.19/21.07.001/2025-26 May 8, 2025 Reserve Bank of India (Digital Lending) Directions, 2025 Index Chapter I: Preliminary 1. Preamble 2. Short title and commencement 3. Applicability 4. Definitions Chapter II: General Requirements for RE-LSP Arrangements 5. Due diligence requirements with respect to LSPs 6. RE-LSP arrangements involving multiple lenders Chapter III: Conduct and Customer Protection […]
- RBI/2025-26/35 FMRD.FMD.No.01/14.01.006/2025-26 May 08, 2025 To, All Authorised Persons Madam/Sir, Investments by Foreign Portfolio Investors in Corporate Debt Securities through the General Route – Relaxations Attention of Authorised Dealer Category-I (AD Category-I) banks is invited to the Foreign Exchange Management (Debt Instruments) Regulations, 2019 notified vide Notification No. FEMA. 396/2019-RB dated October 17, 2019, as […]
- 1. Introduction This Framework for Formulation of Regulations (hereinafter referred to as ‘the Framework’) lays down the broad principles for formulation and amendment of Regulations by the Reserve Bank of India (hereinafter referred to as "the Bank"). The Framework seeks to standardize the process of making Regulations in a transparent and consultative manner after conducting […]
- RBI/2025-26/34 DIT.CO.No.S-106/07.71.039/2025-26 April 28, 2025 The Chairman / Managing Director / Chief Executive Officer All Scheduled Commercial Banks (including Small Finance Banks, Local Area Banks and Regional Rural Banks) All Primary (Urban) Co-operative Banks/ State Co-operative Banks/ Central Cooperative Banks All All-India Financial Institutions All Non-Banking Financial Companies (including Housing Finance Companies) All Primary Dealers […]
- RBI/2025-26/33 DCM.RMMT.No.S312/20-02-001/2025-2026 April 28, 2025 The Chairman / Managing Director/ Chief Executive OfficerAll Banks Madam / Dear Sir, Dispensation of ₹100 and ₹200 denomination banknotes through ATMs As part of an endeavour towards enhancing public access to frequently used denominations of banknotes, it has been decided that all banks and White Label ATM Operators (WLAOs) […]
- RBI/DCM/2025-26/136DCM (CC) No. G-3/03.41.01/2025-26 April 24, 2025 The Chairman / Managing Director / Chief Executive Officer All banks Madam / Dear Sir, Master Direction on Framework of incentives for Currency Distribution & Exchange Scheme for bank branches including currency chests In terms of the Preamble to and Section 45 of the Reserve Bank of India […]
- RBI/FED/2025-26/32 A.P. (DIR Series) Circular. No 04/2025-26 April 24, 2025 To, All Authorised Dealer Category-I banks and Authorised banks Madam / Sir, Amendments to Directions – Compounding of Contraventions under FEMA, 1999 Attention of Authorised Dealer (AD) Category – I banks is invited to Directions for compounding of contraventions under FEMA, 1999, issued vide A.P. […]
- RBI/2025-26/31 DCM (NPD) No.S287/18.00.014/2025-26 April 24, 2025 The Chairman/ Managing Director/ Chief Executive Officer All Banks Madam/ Dear Sir, Note Sorting Machines: Standards issued by the Bureau of Indian Standards -Revised Timeline for Implementation Reference is invited to our circular DCM (NPD) No. S2193/09.45.000/2024-25 dated October 30, 2024 on “Note Sorting Machines – Standards issued […]
- RBI/2025-26/30 A.P. (DIR Series) Circular No. 03 April 23, 2025 To, All Authorised Dealer Category-I banks Madam / Sir, Exports through warehouses in ‘Bharat Mart’ in UAE – relaxations Attention of Authorised Dealer Category – I banks (AD banks) is invited to Clause (a) of Sub regulation 1 of Regulation 9 of Foreign Exchange Management […]
SPEECHES
- 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 […]
- 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 […]
TENDERS
- Reserve Bank of India, Agartala intends to empanel a reputed Firm / Company / Agency for supply of manpower required for Maintenance and Housekeeping Services at Office Premises and Single Room Accommodations (SRAs) of Reserve Bank of India, Agartala on contract basis as per the laid down Contractual obligations for a period of eight months […]
- (Tender No: Manual Tender) Pre-bid meeting on captioned subject was scheduled in Estate Department of RBI, Bengaluru at 11.00 AM on May 19, 2025 to address the queries, if any, of intended tenderers. No tenderer attended the same. Regional Director Reserve Bank of India Bengaluru May 19, 2025
- E-tender No.: RBI/Hyderabad Regional Office/HRMD/1/25-26/ET/28 A reference is invited to the captioned e-tender which was uploaded/ floated on April 11, 2025 under the "Tenders" link of RBI website (www.rbi.org.in). 2. It has been decided to extend the last date for submission of bids to May 25, 2025 till 05:00 PM. 3. All other terms and […]
- Department of Information Technology, Central Office, RBI invites Open Tender bids through e-tendering at MSTC portal (https://www.mstcecommerce.com/eprocn/) from eligible bidders for the following project: “ISO 27001:2022 Certification – Information Security Management Systems, Benchmarking and Monitoring of NIST CSF 2.0 for Department of Information Technology” (RBI/DIT-CO Central Office Departments/Others/2/25-26/ET/112[ISO and NIST RFP). Steps to be performed […]
- Please refer to the tender notice event No. RBI/Thiruvananthapuram Regional office/Others/1/25-26/ET/30 invited through, Website Notice and the MSTC website on April 11, 2025 for the captioned work. 2. It has been decided to extend the bidding period by one week. The revised schedule for the advertisement and tendering is proposed as follows: Sl. No. Details […]
- Reserve Bank of India, Thiruvananthapuram invites e-tenders for the captioned work from Bank’s empaneled vendors/contractors under the said category of the work costing between 10 to 25 Lakh. The tendering would be done through the e-Tendering portal of MSTC Ltd (https://www.mstcecommerce.com/eprocn/rbi). All interested empaneled vendors /contractors must register themselves with MSTC Ltd through the above-mentioned […]
- Reserve Bank of India, Kanpur invites e-tender for the publication of advertisement in newspapers regarding ‘Redressal of complaints against entities regulated by RBI’. The said advertisement (sample enclosed) is to be published on any Sunday of July 2025, in all editions of Hindi, English and Financial daily of Uttar Pradesh state. The tenderers have to […]
- e-Tender No.- RBI/Hyderabad Regional Office/Estate/6/25-26/ET/58 The pre-bid meeting for the captioned tender was scheduled at 11:00 am on May 16, 2025 at Estate Department, 1st floor, Main Office Building, RBI, Hyderabad. 2. No vendors participated in the meeting. Regional Director Reserve Bank of India Hyderabad
- The Pre-bid meeting of the captioned tender (RBI/Bhopal Regional Office/Estate/2/25-26/ET/49) was scheduled at 11:30 AM on May 16, 2025, through offline mode. No bidder/vendor has attended the same. Regional Director Reserve Bank of India Bhopal
- E-Tender No: RBI/Kolkata Regional Office/HRMD/2/25-26/ET/32 With reference to the captioned tender, the following tender item/clauses/ point numbers of the Tender Document have been modified/amended/added 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) under para 2, pg 2 […]
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: […]
- Table of Contents Chapter I Executive Summary Chapter II Introduction 1. Introduction to PFMIs 2. Introduction to RTGS 3. Methodology of Self-Assessment Chapter III Summary of Self-Assessment Principle 1: Legal basis Principle 2: Governance Principle 3: Framework for the comprehensive management of risks Principle 4: Credit Risk Principle 5: Collateral Principle 6: Margin Principle 7: Liquidity Risk Principle 8: Settlement Finality Principle 9: Money Settlement Principle 10: Physical Deliveries Principle 11: Central Securities Depositories Principle 12: Exchange-of-Value Settlement Systems Principle 13: Participant default rules and procedures Principle 14: Segregation and Portability Principle 15: General Business Risk Principle 16: Custody and […]
- 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) with IMF I.8.3 SAARC Swap Arrangement I.8.4 Investment in Bonds issued by IIFC (UK) Part-II: Objectives of Reserve Management, Legal Framework, Risk Management […]
- Contents Sections I. Monetary Policy II. Regulation III. Foreign Exchange IV. Public Awareness V. Issuer of Currency VI. Publication VII. Data Release and Surveys Volume XXI | Issue 1 | April 2025 MONETARY & CREDIT INFORMATION REVIEW Note from the Editor In this issued, we bring you the highlights of the MPC meeting. Governor emphasised global economic uncertainties and India’s steady progress in stabilising inflation and reviving growth. The Monetary Policy Committee adopted an accommodative stance to support the recovery. Liquidity conditions have improved and the financial system has remained strong and resilient. Services exports and remittances continued to support […]
- Today, the Reserve Bank released the results of 31st 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 Q4:2024-25, collected senior loan officers’ assessment of credit parameters for Q4:2024-25 and their expectations for Q1, Q2 and Q3 of 2025-26. Highlights: A. Assessment for Q4:2024-25 Bankers’ assessment on loan demand moderated across major sectors during Q4:2024-25, except agriculture, and retail/personal loans (Chart 1 and […]
- The Reserve Bank has been conducting the survey of professional forecasters (SPF) since September 2007. Forty-five panellists participated in the 93rd round of the bi-monthly survey conducted during March 2025. The survey results are summarised in terms of their median forecasts and summary statistics are presented in Annexes 1-8. Highlights: 1. Output Real gross domestic product (GDP) is expected to grow by 6.5 per cent in 2025-26 and by 6.6 per cent in 2026-27 (Table 1). SPF panellists placed GDP growth forecasts in the range of 6.0-7.4 per cent for 2025-26 and in the range of 5.1-7.6 per cent for […]
- Today, the Reserve Bank released the results of 44th round of its quarterly Services and Infrastructure Outlook Survey (SIOS) conducted during Q4:2024-25. 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, 879 companies provided their assessment for Q4:2024-25 and expectations for Q1:2025-26 as well as outlook on key parameters for the subsequent two quarters. Highlights: A. Services Sector Assessment for Q4:2024-25 Services sector enterprises assessed improvement in overall […]
- Today, the Reserve Bank released the results of March 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 March 1-10, 2025, covering 6,021 respondents. Highlights: Consumer confidence for the current period strengthened, driven by broad-based improvements across all survey parameters. The Current Situation Index (CSI)2 rose by 1.8 points to 95.5 in March 2025 (Chart 1; Tables 1, […]
- Today, the Reserve Bank released the results of March 2025 round of its bi-monthly inflation expectations survey of households (IESH)1 2. The survey was conducted during March 1-10, 2025, in 19 major cities, with 6,091 valid responses. Highlights: Households' median inflation perception declined by 50 basis points (bps) from the previous survey round to 7.8 per cent, marking its lowest level since the pandemic [Charts 1a and 1b; Table 3]. Inflation expectations for the three months and one-year ahead horizons also moderated by 40 bps and 50 bps to 8.9 per cent and 9.7 per cent, respectively [Charts 1a and […]
- Today, the Reserve Bank released the results of its bi-monthly Rural Consumer Confidence Survey (RCCS)1 2 for the first time. This survey is being conducted on regular basis since September 2023. In each round, the survey targets to cover 9,000 rural and semi urban households from all Indian states and three major union territories (UTs)3. 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-urban4 areas. This survey also collates information on […]