Press Releases
- The following State Governments have offered to sell stock by way of auction, for an aggregate amount of ₹11,500 Crore (Face Value). Sr. No. State Amount to be raised (₹ Crore) Tenor (Year) Type of Auction 1. Maharashtra 1600 08 Yield 1600 18 Yield 800 28 Yield 2. Punjab 1300 12 Yield 3. Rajasthan 1200 […]
- In terms of GOI notification F.No.4(4)-B(W&M)/2020 dated October 09, 2020 (SGB 2020-21 Series-VII-Issue date October 20, 2020) 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. Accordingly, the next due date […]
- Reserve Bank of India announces the auction of Government of India Treasury Bills as per the following details: Sr. No. Treasury Bill Notified Amount (₹ crore) Auction Date Settlement Date 1 91-Day 12,000 April 22, 2026 (Wednesday) April 23, 2026 (Thursday) 2 182-Day 6,000 3 364-Day 6,000 Total 24,000 The sale will […]
- 1. Reserve Bank of India – Liabilities and Assets* (₹ Crore) Item 2025 2026 Variation Apr. 11 Apr. 03 Apr. 10 Week Year 1 2 3 4 5 4 Loans and Advances 4.1 Central Government 0 0 100274 100274 100274 4.2 State Governments 35191 41040 23567 -17473 -11624 * Data […]
- (Amount in ₹ Crore) Auction Results 6.36% GS 2031 6.90% GS 2065 I. Notified Amount 21,000 11,000 II. Competitive Bids Received (i) Number 295 262 (ii) Amount 52,300.000 30,085.000 III. Cut-off price / Yield 98.98 91.44 (YTM: 6.6075%) (YTM: 7.5870%) IV. Competitive Bids Accepted (i) Number 128 113 (ii) Amount 20,988.195 […]
- 6.36% GS 2031 6.90% GS 2065 I. Notified Amount ₹21,000 crore ₹11,000 crore II. Cut off Price (₹) / Implicit Yield at cut-off 98.98/6.6075% 91.44/7.5870% III. Amount accepted in the auction ₹21,000 crore ₹11,000 crore IV. Devolvement on Primary Dealers NIL NIL Ajit Prasad Deputy General Manager (Communications) Press Release: 2026-2027/97
- Tenor 7-day Notified Amount (in ₹ crore) 2,00,000 Total amount of offers received (in ₹ crore) 2,28,098 Amount accepted (in ₹ crore) 2,00,031 Cut off Rate (%) 5.24 Weighted Average Rate (%) 5.23 Partial Acceptance Percentage of offers received at cut off rate 78.43 Ajit Prasad Deputy General Manager (Communications) Press Release: 2026-2027/96
- In the underwriting auction conducted on April 17, 2026, for Additional Competitive Underwriting (ACU) of the undernoted Government securities, the Reserve Bank of India has set the cut-off rates for underwriting commission payable to Primary Dealers as given below: Nomenclature of the Security Notified Amount(₹ crore) Minimum Underwriting Commitment (MUC) Amount(₹ crore) Additional Competitive Underwriting […]
- (Amount in ₹ crore, Rate in Per cent) Money Markets@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 6,35,137.81 4.79 2.00-6.05 I. Call Money 20,514.62 5.09 4.20-5.15 II. Triparty Repo 4,38,246.95 4.78 4.65-5.00 III. Market Repo 1,69,033.99 4.77 2.00-5.85 IV. Repo in Corporate Bond 7,342.25 5.27 5.00-6.05 B. Term Segment […]
- In view of the surplus transient liquidity conditions prevailing, it has been decided to conduct a Variable Rate Reverse Repo (VRRR) auction on Friday, April 17, 2026, as under: Sl. No. Notified Amount(₹ crore) Tenor (day) Window Timing Date of Reversal 1 2,00,000 7 09:30 AM to 10:00 AM April 24, 2026 (Friday) 2. The […]
Notifications
- RBI/2026-27/13 DOR.AML.REC.4/14.06.001/2026-27 April 17, 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 […]
- RBI/2026-27/12 DOR.AML.REC.2/14.06.001/2026-27 April 15, 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 […]
- RBI/2026-2027/11 DOR.RAUG.REC.No.3/23-27-013/2026-27 April 15, 2026 Reserve Bank of India (Non-Banking Financial Companies – Branch Authorisation) Amendment Directions, 2026 The Reserve Bank had issued the Reserve Bank of India (Non-Banking Financial Companies – Branch Authorisation) Directions, 2025 (hereafter referred as the 'Directions'), on November 28, 2025. It has been decided to amend these Directions to provide […]
- RBI/2026-27/10 A.P. (DIR Series) Circular No. 06 April 10, 2026 To All Authorised Dealer Category-I banks Madam / Sir, Master Direction – Reserve Bank of India (Non-resident Investment in Debt Instruments) Directions, 2025 – amendment Attention of Authorised Dealer Category-I (AD Category-I) banks is invited to the Foreign Exchange Management (Debt Instruments) Regulations, 2019 notified, […]
- RBI/2026-27/09 FIDD.CO.LBS.BC.No.01/02.08.001/2026-27 April 10, 2026 The Chairman / Managing Director & Chief Executive OfficerLead Banks Concerned Madam/ Dear Sir, Formation of new districts in the State of Andhra Pradesh – Assignment of Lead Bank Responsibility The Government of Andhra Pradesh has notified formation of two new districts, viz., Polavaram, and Markapuram in the state of […]
- RBI/2026-27/08 CO.DPSS.ID.No.S20/06-08-017/2026-2027 April 09, 2026 The Chairman / Managing Director / Chief Executive Officer All Scheduled Commercial Banks Madam / Dear Sir, Guidelines to facilitate faster cross-border inward payments The Reserve Bank’s Payments Vision 2025 aims to bring efficiency in the cross- border payments aligning with the G20 roadmap for cross-border payments that has set […]
- Limits for investment in debt and sale of Credit Default Swaps by Foreign Portfolio Investors (FPIs)RBI/2026-27/07 A.P. (DIR Series) Circular No. 05 April 06, 2026 To, All Authorised 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/2026-27/06 IDMD.RETL.No.S23/13.01.300/2026-27 April 02, 2026 All the Receiving Offices (as per the list attached) Madam/Dear Sir, Floating Rate Savings Bonds, 2020 (Taxable) – FRSB 2020 (T) – Operational Guidelines A reference is invited to the circular IDMD.CDD.No.3155/13.01.299/2019-20 dated June 30, 2020 (updated on June 27, 2022), issued by the Reserve Bank of India on Operational […]
- RBI/2026-27/05 A.P. (DIR Series) Circular No. 04 April 2, 2026 To All Authorised Persons Madam/Sir, Memorandum of Instructions governing money changing activities – Location of Forex Counters in International Airports in India Please refer to Paragraph 3 of A.P. (DIR Series) Circular No. 45 dated September 16, 2013, on the above subject. 2. On a […]
- RBI/2026-27/04 A.P. (DIR Series) Circular No. 03 April 01, 2026 To, All Authorised Dealers Madam/Sir, Risk Management and Inter-Bank Dealings Attention of Authorised Dealers is invited to the A.P. (DIR Series) Circular No. 24 dated March 27, 2026 and the Master Direction – Risk Management and Inter-Bank Dealings dated July 05, 2016, as amended from […]
SPEECHES
- 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 R. Lakshmi Kanth Rao – Executive Director, […]
- Dr S. Vaidhyasubramaniam, Vice-Chancellor of SASTRA University, Shri G. Mahalingam, Chairman of the Board of City Union Bank, Dr. N. Kamakodi, MD & CEO, City Union Bank, distinguished guests, esteemed faculty members, staff and dear students, ladies, and gentlemen. A very good morning to all of you. 2. It is indeed an honour to deliver […]
- 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 […]
TENDERS
- The timeline for submission of bidding in connection with e-tendering of the captioned work with e-tendering reference number RBI/Thiruvananthapuram Regional office/Estate/1/26-27/ET/3 is extended till April 27, 2026, by 03:00 PM.
- SCHEDULE OF TENDER (SOT) E-tender for Interior Renovation of Ground floor in Central Office Building Including Structural, Civil, MEP, HVAC, Electrical, Glazing and Allied works at Reserve Bank of India (RBI), Mumbai Sr No Details Date/Time 1 e-Tender No. RBI/PD-Central Office Departments/Others/1/26-27/ET/27 2 Mode Of Tender e-Procurement System (Online Part I – Techno Commercial Bid […]
- A reference is invited to the captioned – E-Tender No – RBI/Jammu Regional office/Estate/16/25-26/ET/1069 which was uploaded/ floated on March 03, 2026 under the “Tenders” link of RBI website (www.rbi.org.in) and MSTC portal (https://www.mstcecommerce.com/eprocn/index.jsp). 2. It has been decided to extend the last date for submission of bids to April 22, 2026 till 14:00 hours. […]
- Reserve Bank of India, Premises Department, Central Office, Fort, Mumbai – 400001 invites Techno-Commercial Bids (Two-Stage Two-Envelope Bidding Process) from empanelled Design and Build Construction Agencies (DBCAs) for the following Project on Design and Build Mode: Sr. No. Particulars Details 1 Name of the Project Development of New Central Office Building for Reserve Bank of […]
- Department of Communication (DoC) intends to publish the advertisement in leading English/Hindi newspapers tentatively from April 28, 2026, on “Recruitment of Officers in Grade 'B' (DR) – General / DEPR / DSIM – PY 2026”. The details of the proposed advertisement are given below: S.N Name of the Newspapers Edition Language Size 1. Times of […]
- Please refer to the tender notice on the captioned subject published on the Bank's website (www.rbi.org.in) on March 09,2026. 2. In this connection, it is hereby informed that the last date for submission of bid has been extended up to 14:00 hrs on April 24, 2026. The part-I of the tender will be opened at […]
- The Reserve Bank of India, Kochi, invites e-tender for the ‘Supply, Installation, Testing, and Commissioning of Central AC Duct for First Floor, OB, RBI, Kochi’. The tendering would be done through the e-tendering portal of MSTC Ltd. (http://mstcecommerce.com/eprochome/rbi). All interested firms (empaneled under the relevant category of works at RBI, Kochi), must register themselves with […]
- 1. Introduction The Reserve Bank of India (RBI), Mumbai Regional Office, Stationery Section, Central Establishment Section, RBI, 1st Floor, Main Office Building, Shahid Bhagat Singh Marg, Fort, Mumbai – 400001, hereinafter referred as “the Bank”/ “Reserve Bank”/ “RBI” invites bids for empanelment through tendering process from the manufacturers/their authorized agents/ distributors/ suppliers of various stationery/printing […]
- Reserve Bank of India, Raipur invites e-tender for the publication of advertisement in newspapers regarding ‘Reserve Bank – Integrated Ombudsman Scheme, 2021’. The said advertisement will be published on Sunday, May 24, 2026 (in Central Chronicles- English and Navbharat- Hindi) in all Chhattisgarh editions (specimen enclosed in Annex 1 to 2). The tendering process shall […]
- A reference is invited to the event no: RBI/Mumbai Regional Office/Estate/147/25-26/ET/897 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 April 10, 2026 (Friday) till 02:00 PM April 17, 2026 (Friday) till 02:00 PM Date of closing of online […]
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 […]
- I. Background Over the past decade, digital payments in India have expanded at an unprecedented pace, reflecting a structural shift in the manner in which individuals and businesses conduct financial transactions. Digital transaction volumes have increased 38-fold, while transaction values have more than tripled. The compound annual growth rate (CAGR) of digital payments over this period stands at approximately 53% and 13% in volume and value terms respectively. ii. The above growth has been supported by a diverse and interoperable payments ecosystem comprising credit and debit cards, Unified Payments Interface (UPI), Immediate Payment Service (IMPS), National Electronic Funds Transfer (NEFT), […]
- Today, the Reserve Bank released the results of 113th round of its quarterly industrial outlook survey (IOS). The survey1 encapsulates qualitative assessment of the business climate by Indian manufacturing companies for Q4:2025-26 and their expectations for Q1:2026-27 as well as outlook on select parameters for the subsequent two quarters. A total of 1,256 companies responded in this round of the survey2 conducted during January-March 2026. Highlights: A.Assessment for Q4:2025-26 Manufacturers’ optimism on demand conditions moderated compared to the previous quarter, with weaker sentiments on production and exports amid the West Asia conflict (Table A). Manufacturing firms reported increased cost pressures […]
- Today, the Reserve Bank released the results of 48th round of its quarterly Services and Infrastructure Outlook Survey (SIOS) conducted during Q4:2025-26. 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, 835 companies provided their assessment for Q4:2025-26 and expectations for Q1:2026-27 as well as outlook on key parameters for the subsequent two quarters. Highlights: A. Services Sector Assessment for Q4:2025-26 Service sector firms’ assessed improvement in overall […]
- Today, the Reserve Bank released the results of 35th 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 Q4:2025-26, collected senior loan officers’ assessment of credit parameters for Q4:2025-26 and their expectations for Q1, Q2 and Q3 of 2026-27. Highlights: A.Assessment for Q4:2025-26 Bankers reported sustained credit demand across major sectors of the economy during Q4:2025-26 (Chart 1 and Table 1). Bankers […]
- The Reserve Bank has been conducting the survey of professional forecasters (SPF) since September 2007. Forty-six panellists participated in the 99th round of the bi-monthly survey conducted during March 2026. 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 6.9 per cent in 2026-27 and by 7.0 per cent in 2027-28 (Table 1). SPF panellists placed GDP growth forecasts in the range of 6.0-7.5 per cent for 2026-27 and in the range of 6.2-8.0 per cent for […]
- Today, the Reserve Bank released the results of March 2026 round of its bi-monthly Inflation Expectations Survey of Households (IESH)1 2. The survey was conducted during February 25 to March 10, 2026, in 19 major cities, with 6,075 responses. Highlights: The current median inflation perception of households inched up by 30 basis points (bps) to 7.2 per cent as compared to the previous round. Their inflation expectations for the three months and one year ahead rose by 60 bps and 20 bps to 8.5 per cent and 8.8 per cent, respectively [Charts 1a and 1b; Table 3]. For both the […]
- Today, the Reserve Bank released the results of March 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, besides information on inflation. The survey was conducted during February 25 to March 10, 2026, covering 8,928 responses in the rural and semi-urban areas across all Indian states and three major UTs. Highlights: Rural consumer confidence for the current period has worsened; the Current Situation Index (CSI)3 declined and moved into […]
- Today, the Reserve Bank released the results of March 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 survey was conducted during February 25 to March 10, 2026, covering 6069 respondents across 19 major cities. Highlights: Consumer confidence for the current period deteriorated in the pessimistic zone with the Current Situation Index (CSI)2 at 95.7 vis-à-vis 98.1 in the previous round (Chart 1). Confidence for the year ahead, though […]
- Today, the Reserve Bank released the results of its 72nd round of the quarterly Order Books, Inventories, and Capacity Utilisation Survey (OBICUS), which was conducted during Q4:2025-26 and covered 1057 manufacturing companies. The survey1 provides a snapshot of the demand conditions in India’s manufacturing sector during October-December 2025. Highlights: At the aggregate level, capacity utilisation (CU) in the manufacturing sector increased to 75.6 per cent in Q3:2025-26 from 74.3 per cent in the previous quarter. The seasonally adjusted CU (CU-SA) increased by 60 basis points from the previous quarter and stood at 75.5 per cent in Q3:2025-26. Both CU and […]