Press Releases
- In terms of GOI Notification F.No.4 (22) – B (W&M)/2018 dated October 08, 2018 (SGB 2018-19 Series VI -Issue date February 12, 2019) 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 […]
- 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 result of the auction of State Government Securities held on February 11, 2025, is as under: (Amount in ₹ Crore) BIHAR 2037 BIHAR 2045 CHHATTISGARH 2033 GUJARAT 2032 Notified Amount 1000 1000 1000 1000 Tenure 12 20 8 7 Competitive Bids Received (i) No. 59 34 54 46 (ii) […]
- Sr. No State/UT Amount to be raised (₹ Crore) Amount Accepted (₹ Crore) Cut off Price (₹)/ Yield (%) Tenure (Year) 1. Bihar 1000 1000 7.14 12 1000 1000 7.18 20 2. Chhattisgarh 1000 1000 7.14 08 3. Gujarat 1000 1000 7.07 07 1500 1500 7.08 09 4. Haryana 1500 1500 7.14 13 5. Jammu […]
- Tenor 1-day Notified Amount (in ₹ crore) 2,00,000 Total amount of bids received (in ₹ crore) 2,03,022 Amount allotted (in ₹ crore) 2,00,036 Cut off Rate (%) 6.26 Weighted Average Rate (%) 6.27 Partial Allotment Percentage of bids received at cut off rate (%) 97.01 Ajit Prasad Deputy General Manager (Communications) Press Release: 2024-2025/2126
- (Amount in ₹ crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 5,66,515.61 6.28 5.00-6.75 I. Call Money 12,879.97 6.32 5.15-6.45 II. Triparty Repo 3,80,693.90 6.25 5.95-6.35 III. Market Repo 1,71,142.14 6.35 5.00-6.60 IV. Repo in Corporate Bond 1,799.60 6.53 6.40-6.75 B. […]
- In terms of GOI Notification F.No.4(7)–B(W&M)/2019 dated September 30, 2019 (SGB 2019-20 Series IX -Issue date February 11, 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 […]
- Government of India (GOI) has announced the sale (re-issue) of three dated securities for a notified amount of ₹39,000 crore as per the following details: Sr No Security Date of Repayment Notified Amount (₹ Crore) GoI specific Notification Auction Date Settlement Date 1 6.64% GS 2027 Dec 09, 2027 7,000 F.No.4(3)-B(W&M)/2024 dated February 10, 2025 […]
- The Reserve Bank has announced OMO purchase of Government securities for an aggregate amount of ₹20,000 crore on February 13, 2025 vide Press Release 2024-2025/2106 dated February 07, 2025. 2. On a review of current and evolving liquidity conditions, the aggregate amount of OMO purchase has now been revised to ₹40,000 crore. 3. The terms […]
- 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 […]
Notifications
- RBI/2024-25/112 DOR.CO.SOG(Leg) No.59/09.08.024/2024-25 February 11, 2025 All Agency Banks Madam / Dear Sir All Agency Banks to remain open for public on March 31, 2025 (Monday) The Government of India has made a request to keep all branches of the banks dealing with Government receipts and payments open for transactions on March 31, 2025 (Monday-Public […]
- RBI/FMRD/2024-25/127 FMRD.MIOD.No.12/11.01.051/2024-25 February 07, 2025 To All participants in Government Securities market Madam/Sir, Access of SEBI-registered non-bank brokers to NDS-OM Please refer to Paragraph 2 of the Statement on Developmental and Regulatory Policies announced as a part of the Bi-monthly Monetary Policy Statement for 2024-25 dated February 07, 2025, on making the Negotiated Dealing System […]
- RBI/2024-25/111 DoR.RET.REC.57/12.01.001/2024-25 February 07, 2025 All Banks Madam / Dear Sir, Change in Bank Rate Please refer to our circular DOR.RET.REC.101/12.01.001/2022-23 dated February 08, 2023 on the captioned subject. 2. As announced in the Monetary Policy Statement 2024-25 dated February 07, 2025, the Bank Rate is revised downwards by 25 basis points from 6.75 per […]
- RBI/2024-25/110 REF.No.MPD.BC.398/07.01.279/2024-25 February 07, 2025 All Primary Dealers, Standing Liquidity Facility for Primary Dealers As announced in the bi-monthly Monetary Policy Statement, 2024-25, today, it has been decided by the Monetary Policy Committee (MPC) to reduce the policy repo rate under the Liquidity Adjustment Facility (LAF) by 25 basis points from 6.50 per cent to […]
- RBI/2024-25/109 FMOD.MAOG.No.150/01.01.001/2024-25 February 07, 2025 All Liquidity Adjustment Facility (LAF) participants Madam/Sir, Liquidity Adjustment Facility – Change in rates As announced in the Monetary Policy Statement dated February 07, 2025, it has been decided by the Monetary Policy Committee (MPC) to reduce the policy repo rate under the Liquidity Adjustment Facility (LAF) by 25 basis […]
- RBI/2024-25/108 EFD.CO.No.1/02.08.001/2024-25 January 30, 2025 The Chairman / Managing Director / Chief Executive Officer, Authorised Payment System Operators / Banks Madam / Dear Sir, Framework for imposing monetary penalty and compounding of offences under the Payment and Settlement Systems Act, 2007 Please refer to the Circular DPSS.CO.OD.No.1328/06.08.005/2019-20 dated January 10, 2020 on the ‘Framework for […]
- RBI/2024-25/107 DOR.FIN.REC.No.58/03.10.136/2024-25 January 29, 2025 All Housing Finance Companies (HFCs) Dear Sir/ Madam, Private Placement of Non-Convertible Debentures (NCDs) with maturity period of more than one year by HFCs – Review of guidelines Please refer to Chapter XI of Master Direction – Non-Banking Financial Company – Housing Finance Company (Reserve Bank) Directions, 2021 wherein guidelines […]
- RBI/2024-25/106 DoR.SIG.FIN.REC.56/26.03.001/2024-25 January 20, 2025 All Asset Reconstruction Companies (ARCs) Dear Sir/ Madam, Guidelines on Settlement of Dues of borrowers by ARCs Please refer to paragraph 15 of the Master Direction – Reserve Bank of India (Asset Reconstruction Companies) Directions, 2024 dated April 24, 2024 which prescribes guidelines on settlement of dues payable by the […]
- RBI/2024-25/105 CEPD.CO.OBD.No.S1270/50-01-001/2024-25 January 17, 2025 Chairman/Managing Director/CEOs All Commercial Banks (including Regional Rural Banks, Small Finance Banks, Payment Banks, and Local Area Banks)All Primary (Urban) Co-operative Banks, State Co-operative Banks, District Central Co-operative BanksAll Prepaid Payment Instrument IssuersAll Non-Banking Financial Companies (including Housing Finance Companies) All Credit Information CompaniesAll Payment AggregatorsAll Payment Systems Participants & […]
- RBI/2024-25/104 Ref.No.DoS.CO.PPG/SEC.13/11.01.005/2024-25 January 17, 2025 The Chairman / Managing Director / Chief Executive Officer All Scheduled Commercial Banks (Excluding RRBs) All Primary (Urban) Co-operative Banks All Deposit Taking NBFCs (Excluding HFCs) [Supervised Entities (SEs)] Madam / Dear Sir Coverage of customers under the nomination facility As you are aware, the nomination facility is intended to […]
SPEECHES
- 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 […]
- Good Morning Ladies and Gentlemen. At the outset, I would like to thank Shri Ravi Mital, Chairperson, Insolvency and Bankruptcy Board of India for inviting me to this international conclave on the theme ‘Insolvency Resolution: Evolution & Global Perspective’ being held in collaboration with INSOL India. A confluence in the thought processes of policy makers, […]
- Participants from Reserve Bank of India: 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 […]
- Governor Mr Ahmed Munawar, Maldives Monetary Authority (MMA), Dr Mahamood Shougee, Chancellor of the Maldives National University, Mr Ahmed Imad, Deputy Governor, MMA, other senior colleagues of the MMA, distinguished presenters and panelists and participants, ladies and gentlemen, good morning to all of you. It is an honour for me to be invited to give […]
- Distinguished Guests, Ladies, and Gentlemen, Good Morning. Let me, at the outset, thank the organisers for inviting me here to share my thoughts on climate change, one of the most critical issues we face, not just as individuals, but as the collective global community. 2. As per the latest report from the Copernicus Climate Change […]
- Regional Director for Mumbai Regional Office, Shri Suman Ray; Regional Director for Nagpur Regional Office, Shri Sachin Shende; Chief General Manager, National Bank for Agriculture and Rural Development, Ms. Rashmi Darad; senior officials from Bank of Maharashtra, Convenor Bank, SLBC Maharashtra, senior executives from banks, Lead District Managers (LDMs), Lead District Officers (LDOs) and my colleagues from […]
- Esteemed delegates from across the world, respected Governor, Deputy Governors and all my colleagues from the Reserve Bank of India, ladies and gentlemen. A very good afternoon to you all. 1. It is indeed my honour to deliver the opening remarks before such a distinguished panel comprising Dr. John Mushayavanhu, Governor, Reserve Bank of Zimbabwe; […]
- Governors and senior dignitaries from Central Banks, eminent participants, Ladies and Gentlemen, I am delighted to be amidst you all at the High-level conference on “Building synergies”, organised on this historic occasion as we celebrate the 90th year of our establishment. The conference is a part of our endeavour to develop a meaningful dialogue and […]
TENDERS
- (e-Tender No.: RBI/Jaipur Regional Office/HRMD/4/24-25/ET/874) Pre-Bid Meeting for the captioned tender was held on February 11, 2025 at 11:00 AM. The meeting was conducted offline at Conference Hall, 2nd floor, Reserve Bank of India, Jaipur Office. The following officials of the Bank and interested bidders were present in the pre-bid meeting: Sl. No. Name and […]
- (E-tender No.: RBI/Kanpur Regional Office/HRMD/2/24-25/ET/818) Pre-bid meeting of the captioned tender was held at 11:00 AM on February 07, 2025, in Human Resource Management Department (HRMD), RBI Kanpur. The meeting was chaired by DGM, HRMD. The lists of participants from the Bank and vendors are given below: i. Bank Officials: S.No. Name Designation 1 Sh. […]
- Please refer to the e-Tender No.: RBI/Chandigarh Regional Office/Estate/20/24-25/ET/781 [Providing stationary-RBI CHD] for the captioned work invited on January 17, 2025 through RBI website (www.rbi.org.in) and MSTC portal (www.mstcecommerce.com). 2. In this connection, it has been decided to extend the timeline for the submission and opening of Bids as mentioned below: Sr. No. Particulars Revised […]
- Reserve Bank of India, Hyderabad invites e-Tender through MSTC for Design, Supply, Installation, Testing and Commissioning (DSITC) of Variable Refrigerant Flow (VRF / VRV) technology based air-conditioning system for 1st Floor Canteen Area in Annexe Building, Main Office Premises, Reserve Bank of India, Hyderabad. The e-Tender along with the detailed tender notice is also available […]
- Operation and Routine Maintenance of Central Air Conditioning Plant at Bank’s Office Building, JammuReserve Bank of India, Jammu invites e-tender for “Operation and routine maintenance of Central Air Conditioning Plant at Bank’s Office Building, Jammu”. The e-tendering shall be done through the e-tendering portal of MSTC Ltd. (https://www.mstcecommerce.com/eprocn/). All eligible and interested companies / agencies / firms must register themselves with MSTC Ltd. through the above-mentioned website to […]
- e-Tender No: RBI/Hyderabad Regional Office/Estate/37/24-25/ET/751 Please refer to the tender notice published on the MSTC and Bank’s website on January 10, 2025, inviting tender applications for General Repairs and Repainting of External Surfaces of C & D-Block at Bank’s Officers’ Quarters, Ameerpet. 2. This is to inform that the above mentioned tender stands cancelled. Regional […]
- Reserve Bank of India, Chandigarh invites E-Tender from eligible and willing firms for undertaking the work of “Supply of 25 L and 06 L geysers for the Bank’s residential colonies at Chandigarh”. The estimated cost of work is ₹6.82 Lakh (including GST) only. 2. It is a limited e-tender. Only those firms which are empanelled […]
- E-tender No.: RBI/Hyderabad Regional Office/HRMD/2/24-25/ET/715 A reference is invited to the captioned e-tender which was uploaded/ floated on January 08, 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 February 17, 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: “Empanelment of Vendors for Supply, Installation and Maintenance of Computer Hardware, Software, Peripherals & for Providing AMC/FMS for Computer Hardware and Peripherals at Reserve Bank of India 2025-27”. Steps to be […]
- RBI/CAB PUNE/Others/7/24-25/ET/782 Please, refer to the Notice Inviting tender published on the RBI website www.rbi.org.in on January 17, 2025 inviting submission of bids from eligible service providers for providing security services at Staff Quarters and Main Office building of Reserve Bank of India (RBI), College of Agricultural Banking (CAB), Pune. 2. This is to clarify […]
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: […]
- Today, the Reserve Bank released the results of January 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 January 2-11, 2025, covering 6,081 respondents. Female respondents accounted for 52.4 per cent of this sample. Highlights: Consumer confidence for the current period marginally declined owing to somewhat tempered sentiments across the survey parameters except price level; the current situation […]
- Today, the Reserve Bank released the results of January 2025 round of its bi-monthly inflation expectations survey of households (IESH)1 2. The survey was conducted during January 2-11, 2025, in 19 major cities, with 6,096 valid responses, where female participation was 55.4 per cent. Highlights: Households' median inflation perception moderated marginally by 10 basis points (bps) from the previous survey round to 8.3 per cent [Charts 1a and 1b; Table 3]. Inflation expectations for the three months and one-year horizons increased by 20 bps and 10 bps to 9.3 per cent and 10.2 per cent, respectively [Charts 1a and 1b; […]
- 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, […]
- Contents Sections I. Regulation II. Foreign Exchange III. Financial Market IV. Supervision V. Consumer Education and Protection VI. Fintech VII. Index VIII. Debt Manager to Government IX. Statistics and Information X. Publication XI. Data Releases Volume XX | Issue 10 | January 2025 MONETARY & CREDIT INFORMATION REVIEW Note from the Editor Welcome to the January 2025 edition of the Monetary and Credit Information Review (MCIR), highlighting the Bank’s efforts in building a resilient domestic financial system and ensuring financial inclusion, digital literacy and affordability of credit. We remain committed to our goal of sharing accurate information, fostering deeper understanding […]
- Contents 1. Foreword 2. Overview 3. Payment Systems in India Legal Basis The Board for Payment and Settlement Systems Payment Systems Landscape Payment System Statistics 4. Major Regulatory Developments in Payment Systems in India 5. In Focus – UPI and its enhancements 6. Analysis of Payment Systems Data Large Value Payments (RTGS, CCIL) Retail Payment System (all other domestic payment systems) Cross Border Payments 7. Global Trends in Payment Systems Annex – Datapoints 1. Foreword 1.1 Over the past few years, digital payments in India have witnessed a phenomenal growth buoyed by the spectacular progress of Unified Payments Interface (UPI) […]