Press Releases
- 1. Reserve Bank of India – Liabilities and Assets* (₹ Crore) Item 2025 2026 Variation Apr. 25 Apr. 17 Apr. 24 Week Year 1 2 3 4 5 4 Loans and Advances 4.1 Central Government 0 93392 0 -93392 0 4.2 State Governments 22324 33169 10502 -22667 -11822 * Data […]
- The Reserve Bank of India (RBI) had announced the withdrawal of ₹2000 denomination banknotes from circulation vide Press Release 2023-2024/257 dated May 19, 2023. The status of withdrawal of ₹2000 banknotes is periodically published by the RBI. The last press release in this regard was published on April 01, 2026. 2. The facility for deposit […]
- It may be recalled that in February 2004, the Reserve Bank initiated the practice of compiling half-yearly reports on the management of foreign exchange reserves and making them public to promote greater transparency and enhance disclosure in the management of the country’s foreign exchange reserves. In this connection, Reserve Bank of India has today released the 46th […]
- In terms of GOI notification F.No.4(8)-W&M/2018 dated April 13, 2018 (SGB 2018-19 Series-I-Issue date May 04, 2018) on Sovereign Gold Bond Scheme, the Gold Bond shall be repayable on the expiration of eight years from the date of issue of the Gold Bonds. Accordingly, the final redemption date of the above tranche shall be May […]
- The Reserve Bank of India has sanctioned the Scheme of Amalgamation of The Bhavani Sahakari Bank Ltd., Mumbai (Maharashtra) with TJSB Sahakari Bank Ltd. (Maharashtra). The Scheme has been sanctioned in exercise of the powers conferred under sub-section (4) of Section 44A read with Section 56 of the Banking Regulation Act, 1949. The Scheme will […]
- The following State Governments have offered to sell stock by way of auction, for an aggregate amount of ₹18,600 Crore (Face Value). Sr. No. State Amount to be raised (₹ Crore) Tenor(Year) Type of Auction 1. Andhra Pradesh 2200 Re-issue of 7.96% Andhra Pradesh SGS 2038 issued on April 08, 2026 Price 2200 Re-issue of […]
- Data on lending and deposit rates of scheduled commercial banks (SCBs) (excluding regional rural banks and small finance banks) received during the month of April 2026 are set out in Tables 1 to 9. Highlights: Lending Rates: The weighted average lending rate (WALR) on fresh rupee loans of SCBs stood at 8.40 per cent in […]
- The values of exports and imports of services during March 2026 are presented in the following table. International Trade in Services (US$ million) Month Receipts (Exports) Payments (Imports) January – 2026 38,165 (9.8) 16,631 (-0.5) February – 2026 34,708 (9.7) 16,865 (16.2) March – 2026 38,208 (7.2) 17,210 (-1.6) Note: (i) Data for January-March are […]
- 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 May 06, 2026 (Wednesday) May 07, 2026 (Thursday) 2 182-Day 6,000 3 364-Day 6,000 Total 24,000 The sale will […]
- Data on sectoral deployment of bank credit for the month of March 2026, collected from 41 select scheduled commercial banks (SCBs) which together account for about 95 per cent of the total non-food credit by all SCBs1, are set out in Statements I and II. On a year-on-year (y-o-y) basis, non-food bank credit2 grew by […]
Notifications
- RBI/DOR/2026-27/94 DOR.GOV.REC.No.82/18.10.014/2026-27 May 25, 2026 Reserve Bank of India (Urban Co-operative Banks – Governance) Amendment Directions, 2026 The Reserve Bank had issued Reserve Bank of India (Urban Co-operative Banks – Governance) Directions, 2025 on November 28, 2025. Chapter-II of these directions have provisions regarding the Constitution of Board and Appointment of Directors. 2. The Banking […]
- RBI/DOR/2026-27/95 DOR.GOV.REC.No.83/18.10.015/2026-27 May 25, 2026 Reserve Bank of India (Rural Co-operative Banks – Governance) Amendment Directions, 2026 The Reserve Bank had issued Reserve Bank of India (Rural Co-operative Banks – Governance) Directions, 2025 on November 28, 2025. Chapter-II of these directions contain provisions regarding the Constitution of Board. 2. The Banking Regulation (Amendment) Act, 2020 […]
- RBI/2026-27/93 DOR.AML.REC.81/14.06.001/2026-27 May 22, 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 1267/ 1989 ISIL (Da'esh) […]
- RBI/2026-27/86 DOR.MRG.REC.No.74/00-00-001/2026-27 May 18, 2026 Reserve Bank of India (Local Area Banks – Classification, Valuation, and Operation of Investment Portfolio) Amendment Directions, 2026 Please refer to paragraph 104 of Reserve Bank of India (Local Area Banks – Classification, Valuation, and Operation of Investment Portfolio) Directions, 2025, dated November 28, 2025, on Investment Fluctuation Reserve (IFR). […]
- RBI/2026-27/87 DOR.MRG.REC.No.75/00-00-011/2026-27 May 18, 2026 Reserve Bank of India (Urban Co-operative Banks – Classification, Valuation, and Operation of Investment Portfolio) Amendment Directions, 2026 Please refer to paragraph 153 of Reserve Bank of India (Urban Co-operative Banks – Classification, Valuation, and Operation of Investment Portfolio) Directions, 2025, dated November 28, 2025, on Investment Fluctuation Reserve (IFR). […]
- RBI/2026-27/88 DOR.MRG.REC.No.76/00-00-011/2026-27 May 18, 2026 Reserve Bank of India (Rural Co-operative Banks – Classification, Valuation, and Operation of Investment Portfolio) Amendment Directions, 2026 Please refer to paragraph 115 of Reserve Bank of India (Rural Co-operative Banks – Classification, Valuation, and Operation of Investment Portfolio) Directions, 2025, dated November 28, 2025, on Investment Fluctuation Reserve (IFR). […]
- RBI/2026-27/89 DOR.MRG.REC.No.77/00-00-001/2026-27 May 18, 2026 Reserve Bank of India (Regional Rural Banks – Classification, Valuation, and Operation of Investment Portfolio) Amendment Directions, 2026 Please refer to paragraph 104 of Reserve Bank of India (Regional Rural Banks – Classification, Valuation, and Operation of Investment Portfolio) Directions, 2025, dated November 28, 2025, on Investment Fluctuation Reserve (IFR). […]
- RBI/2026-27/90 DOR.MRG.REC.No.78/21-01-002/2026-27 May 18, 2026 Reserve Bank of India (Commercial Banks – Prudential Norms on Capital Adequacy) Sixth Amendment Directions, 2026 Please refer to Reserve Bank of India (Commercial Banks – Prudential Norms on Capital Adequacy) Directions, 2025, dated November 28, 2025. 2. On a review, consequent to the issuance of Reserve Bank of India […]
- RBI/2026-27/91 DOR.MRG.REC.No.79/21-04-018/2026-27 May 18, 2026 Reserve Bank of India (Commercial Banks – Financial Statements: Presentation and Disclosures) Sixth Amendment Directions, 2026 Please refer to Reserve Bank of India (Commercial Banks – Financial Statements: Presentation and Disclosures) Directions, 2025, dated November 28, 2025. 2. On a review, consequent to the issuance of Reserve Bank of India […]
- RBI/2026-27/92 DOR.MRG.REC.No.80/21-04-018/2026-27 May 18, 2026 Reserve Bank of India (Local Area Banks – Financial Statements: Presentation and Disclosures) Third Amendment Directions, 2026 Please refer to Reserve Bank of India (Local Area Banks – Financial Statements: Presentation and Disclosures) Directions, 2025, dated November 28, 2025. 2. On a review, consequent to the issuance of Reserve Bank […]
SPEECHES
- Good morning, Adam and my fellow panellists. 1. First of all, let me quote Alan Greenspan, former Chair of the Federal Reserve who said that “uncertainty is not just an important feature of the monetary policy landscape; it is the defining characteristic of that landscape”. In other words, uncertainty is the only certainty in monetary […]
- It is my pleasure to be here at the Columbia Indian Economy Summit, 2026. I would like to thank Prof. Arvind Panagariya for his kind invitation to me to speak on issues related to India’s growth trajectory, both at the national and at the states’ level. My talk is in three parts. I will first […]
- It is a pleasure for me to be here at NCAER to speak on India’s current monetary policy framework. My remarks focus on how the existing framework has evolved over the past decade, where it stands today, and the issues that may shape its next iteration in five years from now. 2. As you know, […]
- Dr. C. Rangarajan, Chairman, Madras School of Economics, Dr. N. R. Bhanumurthy, Director, Madras School of Economics, Shri V. N. Shiva Shankar, Sr. Vice President, Southern India Chamber of Commerce and Industry, members of late Shri G. Ramachandran's family, distinguished guests from industry, academia and banks, esteemed faculty members, staff and dear students, ladies, and […]
- 1. Distinguished participants, it gives me great pleasure in addressing the 25th FIMMDA1-PDAI2 Annual Conference. The development of India’s fixed income and derivatives markets owes much to such conferences, which provide an opportunity for all stakeholders to get together and deliberate on not only the journey so far but more importantly the way forward. I […]
- Good Morning. 1. Let me begin by thanking you for giving me this opportunity to share my thoughts with you. It is indeed a pleasure to be present here amongst some of the brightest minds. 2. I fondly remember the 11 months spent here in 2008-09: from the basics of economics with courses by Bob […]
- 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 […]
TENDERS
- RBI/Chandigarh Regional Office/Estate/1/26-27/ET/5 Pre-bid meeting of the captioned tender was held at 11:00 AM on April 28, 2026 in Estate Department, RBI Chandigarh. No firm / tenderer / representative of any firm attended the said meeting at the scheduled date and time. However, a query from a firm has been received through email. 2. The […]
- (E-tender No. RBI/Chandigarh Regional Office/Estate/3/26-27/ET/7) It is hereby notified that, Pre-Bid meeting for the captioned tender originally scheduled on May 01, 2026, has been rescheduled to May 04, 2026, at 11:00 AM. 2. All participating bidders are advised to take note of this modification and attend the meeting accordingly. 3. All other terms and conditions […]
- e-tender no: RBI/GUWAHATI/ESTATE/1/26-27/ET/56Reserve Bank of India, Guwahati invites e-tender under Two Bid system (Techno-Commercial & Financial Bid) for the above mentioned work. The tender forms can be downloaded/ viewed from April 30, 2026 from RBI website www.rbi.org.in and MSTC e-portal at www.mstcecommerce.com.Your tender, duly filled-in and e-signed, should be submitted by e-tendering mode only through […]
- Tender ID: RBI/DIT-CO Central Office Departments/Others/1/26-27/ET/39 [Empanelment of vendors] Please refer to Tender ID: RBI/DIT-CO Central Office Departments/Others/1/26-27/ET/39 [Empanelment of vendors] published on MSTC portal on April 22, 2026. In this context based on the pre-bid discussions and the queries received from the bidders, following changes are notified: 1. Refer RFP Page No 11: Para […]
- Reserve Bank of India, Jammu invites e-tender for “Supply, Installation, Testing and Commissioning (SITC) of 2 sets of 2X3.5 Ton Precision Air-conditioning (PAC) units for CCTV server room at Reserve Bank of India Jammu”. The e-tendering shall be done through the e-tendering portal of MSTC Ltd. (https://www.mstcecommerce.com/eprocn/). All vendors of the respective trade are required […]
- 1.Reserve Bank of India, New Delhi (hereinafter referred to as “the Bank”) invites e-tender for “Providing and fixing partition wall in OLDR at Main Office Building, RBI, New Delhi” from eligible and willing Companies/ Agencies/ Firms. The time for completion of work will be 20 days from the 7th day of the date of issue […]
- Estate Cell, BKC, Reserve Bank of India invites e-tender from the contractors empaneled with Reserve Bank of India, Mumbai in category of HVAC Works 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 interested eligible empaneled contractors must register […]
- E-tender No.: RBI/Lucknow Regional Office/Estate/24/25-26/ET/1051 A reference is invited to the captioned e-tender no. RBI/Lucknow Regional Office/Estate/24/25-26/ET/1051 which was uploaded/ floated on February 23, 2026 on MSTC portal (www.mstcecommerce.com). 2. Please find the following modification in the Tender (Part-I) (page 147, para iii of Clause SC 2) as under: – Mobilization Advance: – (i) Mobilisation […]
- e-Tender No.- RBI/Hyderabad Regional Office/Estate/6/26-27/ET/45 The pre-bid meeting for the captioned tender was held at 03.00 PM On April 27, 2026, at Estate Department, 1st floor, Main Office Building, RBI, Hyderabad. 2. Representatives from two firms viz., M/s B.R. K. Reddy Contractors and M/s. Powertech Services participated in the pre-bid meeting. All the major terms […]
- e-Tender No. – RBI/Hyderabad Regional Office/Estate/5/26-27/ET/44 The pre-bid meeting for the captioned tender was held at 03.00 PM on April 27, 2026, at Estate Department, 1st floor, Main Office Building, RBI, Hyderabad. 2. Representatives from two firms viz., M/s B.R. K. Reddy Contractors and M/s. Powertech Services participated in the pre-bid meeting. All the major […]
PUBLICATION
- Today, the Reserve Bank released Publications).">1 the web publication ‘Annual Basic Statistical Return (BSR)-2 on Deposits with Scheduled Commercial BanksStatistics>Data Release>Fortnightly>Scheduled Bank's Statement of Position in India).">2 – March 20263’ on its ‘Database on Indian Economy’ portal4 (https://data.rbi.org.in Homepage > Publications). Scheduled commercial banks (SCBs), including regional rural banks, 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, size, and interest rate range wise distribution of term deposits as well as number of employees in the annual ‘Basic Statistical Return’ (BSR) – 2. […]
- 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 Foreword 1. Introduction 2. Payment Systems in India – An Overview Payment System Statistics – Recent Trends Analysis of Payment System Data – since 2021 Large Value Payment Systems Retail Payment Systems 3. Major Regulatory Developments in Payment Systems in India 4. In Focus: Central Counterparties (CCPs) – Anchoring Market Stability 5. Cross-Border Payments – Regulatory and Technological Developments Annex I – Authorised Payment Systems in India Annex II – Payment Systems Instruments Annex III – Activities in India’s Payment Systems Foreword The half-yearly Payment Systems Report for December 2025 presents a comprehensive and forward-looking overview of the evolving […]
- 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. Utkarsh 2029 IV. Financial Markets V. Payments and Settlements Systems VI. Publications VII. Data Release and Surveys Volume XXII | Issue 1 | April 2026 MONETARY & CREDIT INFORMATION REVIEW Note from the Editor In the April 2026 issue of MCIR, we present the latest policy announcement of the Reserve Bank of India, which has kept the repo rate unchanged at 5.25 per cent while maintaining a neutral stance amid heightened global uncertainties arising from the West Asia conflict. The issue highlights India’s continued macroeconomic resilience, with real GDP growth projected at […]
- 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 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 […]