Press Releases
- On a review of the current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Reverse Repo (VRRR) auction on Monday, September 07, 2026, as under: Sl. No. Notified Amount(₹ crore) Tenor(day) Window Timing Date of Reversal 1 7,00,000 30 9:30 AM to 10:00 AM October 07, 2026 (Wednesday) 2. The […]
- The Reserve Bank of India (RBI) has, by an order dated September 02, 2026, imposed a monetary penalty of ₹6.20 lakh (Rupees Six Lakh Twenty Thousand only) on Hinduja Leyland Finance Limited (the company) for non-compliance with certain provisions of the directions issued by RBI on ‘Pricing of Microfinance Loans’ and ‘Securitisation of Standard Assets’. […]
- The following State Governments have offered to sell stock by way of auction, for an aggregate amount of ₹16,900 Crore (Face Value). Sr. No. State/UT Amount to be raised (₹ Crore) Tenor (Year) Type of Auction 1. Andhra Pradesh 1000 Re-issue of 7.46% Andhra Pradesh SGS 2035, issued on August 12, 2026 Price 1200 Re-issue […]
- In terms of GOI notification F.No. 4(5)-B(W&M)/2021 dated May 12, 2021 (SGB 2021-22 Series VI – Issue date September 07, 2021) 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, […]
- 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 9,000 September 09, 2026 (Wednesday) September 10, 2026 (Thursday) 2 182-Day 8,000 3 364-Day 7,000 Total 24,000 The sale will […]
- The Reserve Bank of India (RBI) has, by an order dated August 31, 2026, imposed a monetary penalty of ₹1,19,400 (Rupees One Lakh Nineteen Thousand Four Hundred only) on Equifax Credit Information Services Private Limited (the company) for non-compliance with certain provisions of directions issued by RBI on ‘Framework for compensation to customers for delayed […]
- The Reserve Bank of India (RBI) has, by an order dated August 31, 2026, imposed a monetary penalty of ₹4.20 lakh (Rupees Four Lakh Twenty Thousand only) on Sammaan Finserve Limited (the company) for non-compliance with certain provisions of the directions issued by RBI on ‘Early Recognition of Stress and Reporting to Central Repository of […]
- The Reserve Bank of India (RBI) has, by an order dated August 31, 2026, imposed a monetary penalty of ₹6,89,600 (Rupees Six lakh eighty nine thousand six hundred only) on CRIF High Mark Credit Information Services Private Limited (the company) for non-compliance with certain provisions of the directions issued by RBI on ‘Framework for compensation […]
- The Reserve Bank of India (RBI) has, by an order dated August 31, 2026, imposed a monetary penalty of ₹26,82,800 (Rupees Twenty-six lakh eighty two thousand eight hundred only) on TransUnion CIBIL Limited (the company) for non-compliance with certain provisions of the directions issued by RBI on ‘Framework for compensation to customers for delayed updation/ […]
- 1. Reserve Bank of India – Liabilities and Assets* (₹ Crore) Item 2025 2026 Variation Aug. 29 Aug. 21 Aug. 28 Week Year 1 2 3 4 5 4 Loans and Advances 4.1 Central Government 0 0 0 0 0 4.2 State Governments 19623 10788 3116 -7672 -16507 * Data […]
Notifications
- RBI/2026-27/251 A.P. (DIR Series) Circular No. 20 September 02, 2026 To All Authorised Dealer Category-I banks Madam / Sir Deposits and Accounts – Accounts of Non-resident banks Please refer to Para B.2(ii) and B.8(i) of Part B of the A.P. (DIR Series) Circular No.92, dated April 4, 2003, in terms of which AD banks were […]
- RBI/2026-27/250 CO.FIDD.FSD.No.S544/05-10-001/2026-27 September 02, 2026 The Chief Executive Officer / Managing Director All Scheduled Commercial Banks (including Regional Rural Banks and Small Finance Banks) All Local Area Banks/ Urban Cooperative Banks/ Rural Cooperative Banks/ Non-Banking Financial Companies / AIFIs Madam / Dear Sir, Relief Measures in Areas Affected by Natural Calamities – Reporting through Centralised […]
- RBI/2026-27/249 DOR.MRG.REC.No.217/00-00-011/2026-27 September 2, 2026 Reserve Bank of India (Urban Co-operative Banks – Classification, Valuation, and Operation of Investment Portfolio) Second Amendment Directions, 2026 Please refer to Chapter VIII of Reserve Bank of India (Urban Co-operative Banks – Classification, Valuation, and Operation of Investment Portfolio) Directions, 2025 dated November 28, 2025, on Investment in non-SLR […]
- RBI/2026-27/248 DOR.SOG(SPE).REC.214/13.03.00/2026-27 August 25, 2026 Reserve Bank of India (Rural Co-operative Banks – Interest Rate on Deposits) Second Amendment Directions, 2026 Please refer to the Reserve Bank of India (Rural Co-operative Banks – Interest Rate on Deposits) Directions, 2025 (hereinafter referred to as ‘Directions’), dated November 28, 2025 (Updated as on June 17, 2026), wherein […]
- RBI/2026-27/245 DOR.SOG(SPE).REC.215/13.03.00/2026-27 August 25, 2026 Reserve Bank of India (Local Area Banks – Interest Rate on Deposits) Third Amendment Directions, 2026 Please refer to the Reserve Bank of India (Local Area Banks – Interest Rate on Deposits) Directions, 2025 (hereinafter referred to as ‘Directions’), dated November 28, 2025 (Updated as on June 17, 2026), wherein […]
- RBI/2026-27/246 DOR.SOG(SPE).REC.213/13.03.00/2026-27 August 25, 2026 Reserve Bank of India (Regional Rural Banks – Interest Rate on Deposits) Third Amendment Directions, 2026 Please refer to the Reserve Bank of India (Regional Rural Banks – Interest Rate on Deposits) Directions, 2025 (hereinafter referred to as ‘Directions’), dated November 28, 2025 (Updated as on June 17, 2026), wherein […]
- RBI/2026-27/247 DOR.SOG(SPE).REC.216/13.03.00/2026-27 August 25, 2026 Reserve Bank of India (Urban Co-operative Banks – Interest Rate on Deposits) Third Amendment Directions, 2026 Please refer to the Reserve Bank of India (Urban Co-operative Banks – Interest Rate on Deposits) Directions, 2025 (hereinafter referred to as ‘Directions’), dated November 28, 2025 (Updated as on June 17, 2026), wherein […]
- RBI/2026-27/244 DOR.SOG(SPE).REC.212/13.03.00/2026-27 August 25, 2026 Reserve Bank of India (Small Finance Banks – Interest Rate on Deposits) Third Amendment Directions, 2026 Please refer to the Reserve Bank of India (Small Finance Banks – Interest Rate on Deposits) Directions, 2025 (hereinafter referred to as ‘Directions’), dated November 28, 2025 (Updated as on June 17, 2026), wherein […]
- RBI/2026-27/243 DOR.SOG(SPE).REC.211/13.03.00/2026-27 August 25, 2026 Reserve Bank of India (Commercial Banks – Interest Rate on Deposits) Third Amendment Directions, 2026 Please refer to the Reserve Bank of India (Commercial Banks – Interest Rate on Deposits) Directions, 2025 (hereinafter referred to as ‘Directions’), dated November 28, 2025 (Updated as on June 17, 2026), wherein temporary withdrawal […]
- RBI/2026-27/242 DOR.RET.REC.209/12.01.001/2026-27 August 25, 2026 Reserve Bank of India (Rural Co-operative Banks – Cash Reserve Ratio and Statutory Liquidity Ratio) Fourth Amendment Directions, 2026 Please refer to the Reserve Bank of India (Rural Co-operative Banks – Cash Reserve Ratio and Statutory Liquidity Ratio) Directions, 2025 (updated as on June 19, 2026) wherein exemption from CRR […]
SPEECHES
- Distinguished guests, leaders from the financial industry, esteemed colleagues from the regulatory fraternity, ladies and gentlemen, very good morning. 2. It is my privilege to address the 7th Edition of the NBFC & HFC Summit. I thank the organisers for inviting me to speak on “NBFCs, HFCs and the New Phase of Growth.” Fewer subjects […]
- Shri Srinivasa Panigrahi, Chairman, FEDAI; Shri Shamsher Singh, Deputy Managing Director, SBI, Shri Vivek Wahi, Chief Executive, FEDAI; distinguished members of the banking and financial community; ladies and gentlemen. Good evening. 1. Thank you for inviting me to FEDAI's Annual Day. My congratulations to FEDAI on this occasion. FEDAI was set up way back in […]
- Chairpersons, Directors, Managing Directors and Chief Executive Officers of Urban Co-operative Banks, colleagues from the Reserve Bank, distinguished participants, ladies and gentlemen. Good morning2. It gives me great pleasure to be here with all of you today as part of Mission SAKSHAM. As the name suggests, SAKSHAM is about capability—about ensuring that our Urban Co-operative […]
- Distinguished guests, colleagues from the banking and financial industry, ladies and gentlemen — Namaskar, and a very good afternoon. 1. It is a privilege to address this distinguished gathering at the fourth edition of the CNBC-TV18 Banking Transformation Summit. This year’s theme captures, I think, exactly the right subjects for our times: “Scaling Bharat, Banking […]
- Introduction Good afternoon, my fellow central bankers from around the globe. I congratulate Bank Indonesia for hosting this discussion on such a topical issue, and I thank them for the opportunity to present an Indian perspective on it. Currency management is a core function of nearly every central bank represented in this room. In the […]
- Distinguished dignitaries, bankers, captains of industry, friends from the technology sector, fintechs, policymakers, press, academia and colleagues from the RBI, good morning to all of you! It is my pleasure to be back here at the 2026 edition of the FIBAC. It is an important annual conference that brings together the stalwarts of banking and […]
- Participants from the Reserve Bank of India: Shri Sanjay Malhotra – 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 Bank of India Shri Rohit Jain – Deputy Governor, Reserve Bank […]
- Mr. C.S. Setty, Chairman, State Bank of India, Mr P D Singh, CEO, Standard Chartered Bank, India & South Asia, distinguished guests, senior leaders from across the financial sector, ladies and gentlemen. 2. It is a pleasure to join you this evening. I thank Standard Chartered Bank for the invitation extended to me and for […]
TENDERS
- Reserve Bank of India, Mumbai invites two-part tender by e-tender mode from the Bank’s empaneled architects in Category III for the works between ₹1 Crore to ₹5 Crores for the captioned work. Estimated Cost of the work for which tender has been invited for comprehensive Architectural Services including Structural Consultancy is ₹3.50 Crores. The tendering […]
- Reserve Bank of India, College of Agricultural Banking, Pune, invites E-tenders in two parts from the empaneled contractors of the College for the work – “Providing and fixing of Tactile Pathway of Internal and External Area at CAB, RBI, Pune”. The work is estimated to cost ₹27,85,000/- and is to be completed within two months. […]
- Schedule of Quotation (SOQ) Name of the work Quotation for Providing comprehensive consultancy services for conducting accessibility audit of RBI Main Office Building and Additional Office Building, Nagpur Mode of Tender Through Sealed Quotation, addressed to, ‘The Regional Director, Reserve Bank of India, Estate Department, Main Office Building, Dr. Raghavendra Rao Road, Civil Lines, Nagpur-440001’. […]
- Reserve Bank of India, Nagpur invites eligible and willing firms for e-Tender for “Design, Supply, Installation, Testing and Commissioning (DSITC) of 2X30 KVA Uninterrupted Power Supply System in N+1 Parallel Redundant Mode along with Comprehensive AMC for Bank's Main Office Building at Nagpur”. The work is estimated to cost ₹23,35,000/- (including GST). 2. This is […]
- Estate Cell, BKC, Reserve Bank of India invites e-tender from the contractors empaneled with Reserve Bank of India, Mumbai in the category of Civil trade costing between ₹50 lakh to ₹100 lakh for the captioned work. The tendering would be done through the e-Tendering portal of CPPP (https://etenders.gov.in). All interested eligible empanelled contractors must register […]
- Estate Office, Mumbai Regional Office, Reserve Bank of India had published tender notice (Tender ID. 2026_RBI_287705_1) on the Central Public Procurement Portal (CPPP) on August 14, 2026. 2. Subsequently, a pre bid meeting was conducted on September 02, 2026, at 11:30 AM at Estate Office, MRO, for the captioned work. Two firms, namely, Raj Enterprises […]
- E-tender no: RBI/Guwahati/Estate/S941/2026-27 Tender ID (CPPP): 2026_RBI_287151_1 Reserve Bank of India, Guwahati invited e-tender under through RBI’s website (www.rbi.org.in) and CPP Portal (https://etenders.gov.in/eprocure/app) for the captioned work on August 11, 2026. 2. The payment terms for execution of the captioned work, as contained at Clause 3.13 of Part-I of the Tender Document, have been reviewed […]
- 1. NIT No. 66/CE/EE(C)-1/CPWD/Dehradun/2026-27 2. Name of Work Reconstruction of campus boundary wall (MDDA Side) and allied work at RBI office campus, IT Park, Dehradun. 3. Estimated Cost Put To Tender Rs. 2,55,18,796/- 4. Earnest Money Rs. 5,10,400/- 5. Time Allowed 04 (Four) Months 6. Last Date of Online Submission of Bid 10.09.2026 upto 3:00 […]
- Reserve Bank of India (RBI), Thiruvananthapuram Regional Office invites e-tenders from eligible Chartered Accountant firms (as defined in the tender document), for Appointment of Concurrent Auditors for the period from October 01, 2026 to September 30, 2027 (extendable for two more years subject to the satisfactory performance, as evaluated by the Bank on an annual […]
- Department of Communication (DoC) invites financial bids from empanelled advertising agencies for Public Awareness Campaign (PAC) for releasing TV spots during ‘Family Full House with Rohit Sharma – 2026’ on Sony TV and Sony LIV (OTT platform). The details of the proposed plan are given below: A. TV: Event Period Status Channel Total FCT Family […]
PUBLICATION
- Today, the Reserve Bank of India released the balance of payments (BoP) data for the first quarter (Q1), i.e., April-June of 2026 on its website (www.rbi.org.in). On the basis of these data, the sources of variation in foreign exchange reserves during April-June 2026 are detailed below in Table 1. Table 1: Sources of Variation in Foreign Exchange Reserves* (US$ billion) Items April-June 2025 April-June 2026 I. Current Account Balance -3.4 -4.2 II. Capital Account (net) (a to f) 7.9 -3.9 a. Foreign Investment (i+ii) 6.9 -3.5 (i) Foreign Direct Investment (FDI) 5.2 6.1 […]
- 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 […]
- Contents Sections I. Monetary Policy II. Regulation III. Central Board Meeting IV. Publications V. Data Release and Surveys Volume XXII | Issue 4 | August 2026 MONETARY & CREDIT INFORMATION REVIEW Note from the Editor Governor Shri Sanjay Malhotra announced the MPC's decision on August 5, 2026, following the third Bi-monthly Meeting for 2026-27, to keep the repo rate unchanged at 5.25 per cent, the SDF rate at 5.00 per cent and the MSF rate and Bank Rate at 5.50 per cent, with the stance retained at neutral. Headline CPI inflation, after remaining below target for sixteen months, increased to […]
- Today, the Reserve Bank released the results of 114th round of its quarterly industrial outlook survey (IOS). The survey1 encapsulates qualitative assessment of the business climate by Indian manufacturing companies for Q1:2026-27 and their expectations for Q2:2026-27 as well as outlook on select parameters for the subsequent two quarters. A total of 1,202 companies responded in this round of the survey2 conducted during April-June 2026. Highlights: A. Assessment for Q1:2026-27 Manufacturing firms’ optimism on demand conditions weakened in Q1:2026‑27, with sentiments on production, order books, capacity utilisation and exports turning subdued amidst the West Asia conflict (Table A). Firms reported […]
- Today, the Reserve Bank released the results of 36th round of its quarterly Bank Lending Survey (BLS)1, which captures qualitative assessment and expectations of major scheduled commercial banks2 on credit parameters (viz., loan demand as well as terms and conditions of loans) for major economic sectors. The latest round of the survey, which was conducted during Q1:2026-27, collected senior loan officers’ assessment of credit parameters for Q1:2026-27 and their expectations for Q2, Q3 and Q4 of 2026-27. Highlights: A. Assessment for Q1:2026-27 Bankers reported seasonal moderation in credit demand across the major sectors of the economy during Q1:2026-27, except for […]
- Today, the Reserve Bank released the results of its 73rd round of the quarterly Order Books, Inventories, and Capacity Utilisation Survey (OBICUS), which was conducted during Q1:2026-27 and covered 1127 manufacturing companies. The survey1 provides a snapshot of the demand conditions in India’s manufacturing sector during January-March 2026. Highlights: At the aggregate level, capacity utilisation (CU) in the manufacturing sector increased to 77.4 per cent in Q4:2025-26 from 75.6 per cent in the previous quarter. The seasonally adjusted CU (CU-SA) decreased by 30 basis points from the previous quarter and stood at 75.2 per cent in Q4:2025-26. Both CU and […]
- Today, the Reserve Bank released the results of July 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 July 11-20, 2026, covering 5,987 respondents across 19 major cities. Highlights: Households’ confidence for the current period moderated with the Current Situation Index (CSI)2 declined to 88.3 from 90.7 in the previous round (Chart 1). Consumer optimism for the year ahead remained in positive terrain, albeit with […]
- Today, the Reserve Bank released the results of July 2026 round of its bi-monthly Inflation Expectations Survey of Households (IESH)1 2. The survey was conducted during July 11-20, 2026, in 19 major cities, with 5,905 responses. Highlights: The current median inflation perception of households remained unchanged at 7.8 per cent as compared to the previous round [Charts 1a and 1b; Table 3]. Households’ median inflation expectations for the next three months eased by 10 basis points (bps) to 9.2 per cent while year ahead expectation inched up by 10 bps to 9.4 per cent [Charts 1a and 1b; Table 3]. […]
- Today, the Reserve Bank released the results of July 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 July 11-20, 2026, covering 8,581 responses in the rural and semi-urban areas across all Indian states and three major UTs. Highlights: Rural consumer confidence for the current period as measured by Current Situation Index (CSI)3, moderated to 91.7 (Chart 1; Table 9). […]
- Today, the Reserve Bank released the results of 49th round of its quarterly Services and Infrastructure Outlook Survey (SIOS) conducted during Q1:2026-27. 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, 1,007 companies provided their assessment for Q1:2026-27 and expectations for Q2:2026-27 as well as outlook on key parameters for the subsequent two quarters. Highlights: A. Services Sector Assessment for Q1:2026-27 Service sector firms remained positive about their […]