Press Releases
- The 624th meeting of the Central Board of Directors of Reserve Bank of India was held today in Chennai under the Chairmanship of Shri Sanjay Malhotra, Governor. The Board in its meeting reviewed the current economic situation, global and domestic challenges including risks to the economic outlook. The Board also reviewed various areas of operations […]
- (Amount in ₹ Crore) Auction Results 7.06% GS 2041 7.43% GS 2076 I. Notified Amount 17,000 11,000 II. Competitive Bids Received (i) Number 264 160 (ii) Amount 43,115.000 26,354.000 III. Cut-off price (₹)/Yield 99.93 98.22 (YTM: 7.0668%) (YTM: 7.5674%) IV. Competitive Bids Accepted (i) Number 141 42 (ii) Amount 16,940.690 10,984.800 […]
- 7.06% GS 2041 7.43% GS 2076 I. Notified Amount ₹17,000 crore ₹11,000 crore II. Cut off Price (₹) / Implicit Yield at cut-off 99.93/7.0668% 98.22/7.5674% III. Amount accepted in the auction ₹17,000 crore ₹11,000 crore IV. Devolvement on Primary Dealers NIL NIL Ajit Prasad Deputy General Manager (Communications) Press Release: 2026-2027/939
- In terms of Para 13 of the Consolidated Procedural Guidelines on the Sovereign Gold Bond (SGB) Scheme issued by the Reserve Bank of India vide circular IDMD.CDD.1100/14.04.050/2021-22 dated October 22, 2021, premature redemption of the gold bonds is permitted after five years from the date of issue of such bonds. 2. Accordingly, the details of […]
- Tenor 3-day Notified Amount (in ₹ crore) 1,50,000 Total amount of offers received (in ₹ crore) 95,970 Amount accepted (in ₹ crore) 95,970 Cut off Rate (%) 5.24 Weighted Average Rate (%) 5.24 Partial Acceptance Percentage of offers received at cut off rate NA Ajit Prasad Deputy General Manager (Communications) Press Release: 2026-2027/937
- In the underwriting auction conducted on August 21, 2026, for Additional Competitive Underwriting (ACU) of the undernoted Government securities, the Reserve Bank of India has set the cut-off rate for underwriting commission payable to Primary Dealers as given below: Nomenclature of the Security Notified Amount (₹ crore) Minimum Underwriting Commitment (MUC) Amount (₹ crore) Additional […]
- (Amount in ₹ crore, Rate in Per cent) Money Markets@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 6,43,139.41 5.05 2.45-5.65 I. Call Money 15,676.67 5.16 4.60-5.20 II. Triparty Repo 4,41,475.00 5.05 4.90-5.32 III. Market Repo 1,79,010.04 5.01 2.45-5.65 IV. Repo in Corporate Bond 6,977.70 5.28 5.20-5.40 B. Term Segment […]
- The Central Government has appointed Shri Somanath Sreedhara Panicker as part-time, Non-official Director on the Central Board of Reserve Bank of India for a period of four years with effect from August 20, 2026 or until further orders, whichever is earlier. (Brij Raj) Chief General Manager Press Release: 2026-2027/934
- The Central Government has re-appointed Shri Anand Gopal Mahindra as part-time, Non-official Director on the Central Board of Reserve Bank of India for a period of four years with effect from August 20, 2026, or until further orders, whichever is earlier. (Brij Raj) Chief General Manager Press Release: 2026-2027/933
- On a review of current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Reverse Repo (VRRR) auction on Friday, August 21, 2026, as under: Sl. No. Notified Amount (₹ crore) Tenor (day) Window Timing Date of Reversal 1 1,50,000 3 09:30 AM to 10:00 AM August 24, 2026 (Monday) 2. […]
Notifications
- RBI/2026-27/236 DOR.AML.REC.204/14.06.001/2026-27 August 19, 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/2026-27/234 DOR.AML.REC.202/14.06.001/2026-27 August 18, 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) & Al-Qaida Sanctions List: […]
- RBI/2026-27/235 DOR.AML.REC.203/14.06.001/2026-27 August 18, 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) […]
- Formation of new districts in the Union Territory of Ladakh – Assignment of Lead Bank ResponsibilityRBI/2026-27/233 FIDD.CO.LBS.BC.No.09/02.08.001/2026-27 August 10, 2026 The Chairman / Managing Director & Chief Executive Officer Lead Banks Concerned Madam/ Dear Sir, Formation of new districts in the Union Territory of Ladakh – Assignment of Lead Bank Responsibility The Administration of Union Territory (UT) of Ladakh has notified formation of five new districts, viz., Sham, Nubra, Changthang, […]
- RBI/2026-27/232 FIDD.CO.PSD.BC.No.08/04.09.001/2026-27 August 07, 2026 Reserve Bank of India (Priority Sector Lending – Targets and Classification) Second Amendment Directions, 2026 Please refer to the Governor’s Statement dated June 5, 2026, and RBI circular FMOD.MAOG.No.S-56/01.06.016/2026-27 dated June 08, 2026 on ‘Swap Facility for FCNR (B) Deposits’, wherein it has been decided to introduce a US Dollar-Rupee […]
- RBI/2026-27/227 DOR.MCS.REC.No.197/01-01-037/2026-27 August 6, 2026 Reserve Bank of India (Urban Co-operative Banks – Responsible Business Conduct) Fourth Amendment Directions, 2026 Certain instructions on matters related to engagement of recovery agents by Urban Co-operative Banks (UCBs) have been issued to UCBs under the Reserve Bank of India (Urban Co-operative Banks – Responsible Business Conduct) Directions, 2025. […]
- RBI/2026-2027/228 DOR.MCS.REC.No.198/01-01-038/2026-27 August 6, 2026 Reserve Bank of India (Rural Co-operative Banks – Responsible Business Conduct) Fourth Amendment Directions, 2026 Certain instructions on matters related to engagement of recovery agents by Rural Co-operative Banks (RCBs) have been issued to RCBs under the Reserve Bank of India (Rural Co-operative Banks – Responsible Business Conduct) Directions, 2025. […]
- RBI/2026-27/229 DOR.MCS.REC.No.200/01-01-040/2026-27 August 6, 2026 Reserve Bank of India (All India Financial Institutions – Responsible Business Conduct) Third Amendment Directions, 2026 Certain instructions on responsibilities of an All India Financial Institution (AIFI) employing recovery agents have been issued to AIFIs under the Reserve Bank of India (All India Financial Institutions – Responsible Business Conduct) Directions, […]
- RBI/2026-27/230 DOR.MCS.REC.No.199/01-01-039/2026-27 August 6, 2026 Reserve Bank of India (Non-Banking Financial Companies – Responsible Business Conduct) Third Amendment Directions, 2026 Certain instructions on matters related to engagement of recovery agents by Non-Banking Financial Companies (NBFCs) have been issued to NBFCs under Chapter III on ‘Responsible Lending Conduct’ of the Reserve Bank of India (Non-Banking Financial […]
- RBI/2026-2027/231 DOR.MCS.REC.No.201/01-01-039/2026-27 August 6, 2026 Reserve Bank of India (Housing Finance Companies) Third Amendment Directions, 2026 Certain instructions on matters related to engagement of recovery agents by Housing Finance Companies (HFCs) have been issued to HFCs under Chapter-X on ‘Fair Practices Code’ of the Reserve Bank of India (Housing Finance Companies) Directions, 2025. The extant […]
SPEECHES
- 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 […]
- Managing Directors, CEOs, Whole Time Directors, Executive Directors and members of the senior management; Principal Nodal Officers from Banks, NBFCs and other Regulated Entities; Executive Director, Reserve Bank of India, Smt Sonali Sen Gupta; Reserve Bank Ombudsmen, my colleagues from the Reserve Bank; and, most importantly, the Internal Ombudsmen from our Regulated Entities, ladies and […]
- I am indeed very happy to be here among all of you as we enter the week which celebrates International MSME Day on 27th later in the week. MSMEs have a special place in my heart. I got an opportunity to work in this very dynamic sector early in my career way back in 2000 […]
- 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 […]
TENDERS
- (Tender ID: 2026_RBI_287480_1) Pre-bid meeting on captioned subject was scheduled in Estate Department of RBI, Bengaluru at 11.00 AM on August 20, 2026 to address the queries, if any, of intended tenderers. No tenderer attended the aforesaid pre-bid meeting. Regional DirectorReserve Bank of IndiaBengaluru August 20, 2026
- This notice is being published for information only and is not an open invitation to quote in this limited tender. Participation in this tender is by invitation only and is limited to the Procuring Entity’s enlisted agencies. Please refer to RBI website https://rbidocs.rbi.org.in/rdocs/content/pdfs/LEEM19092025_AN.pdf for the list of empaneled agencies. Unsolicited offers are liable to be […]
- E-Tender No. 2026_RBI_286742_1 Please refer to the tender notice for the captioned tender published on the Bank’s Website on August 7, 2026, inviting application from eligible bidders through e-tender on CPP portal (https://etenders.gov.in). 2. It has been decided to extend the last date for submission of bids (Part I & Part II) to September 01, […]
- Extension of Last Date of Submission – Renovation Works for New Conference Room in RBIO, AOB, Kanpure-tender no: RBI/Kanpur Regional Office/Estate/4/26-27/ET/206 Please refer to the tender notice for the captioned tender published on the Bank’s website ‘www.rbi.org.in’ on July 10, 2026, inviting applications from eligible vendors for the tender through e-tender on MSTC website (https://www.mstcecommerce.com/eprocn). 2. In this connection, it is informed that it has been decided to extend aforesaid tender […]
- Tender ID: RBI/DIT-CO Central Office Departments/Others/10/26-27/ET/2026_RBI_288126_1 Reserve Bank of India desires to procure Subscription Licences of Software Solutions and Associated Services under the existing Next Generation Security Operations Centre (NG-SOC) at Data Centres of Reserve Bank of India (RBI). For this procurement, the Bank invites bids for selection of System Integrator through e-tendering route. The […]
- 1. Reserve Bank of India, New Delhi (hereinafter referred to as “the Bank”) invites e-tender for “Supply and Door-step delivery of medicines to serving employees / eligible dependents / retirees at residences / RBI colonies / RBI Office within National Capital Region against orders / credit slips issued by the Reserve Bank of India and […]
- Estate Office, Mumbai Regional Office, Reserve Bank of India invites limited e-tenders for the captioned work from eligible vendors. The schedule of tender is as follows: Sl. No Item Details 1 e-Tender No. RBI/Mumbai Regional Office/Estate/26-27/ET/006 2 Tender Inviting Authority Regional Director, Reserve Bank of India, Estate Department, Mumbai. Tel No.: 022 22603226 Email id: […]
- E-tender no: RBI/Guwahati/Estate/S941/2026-27Tender ID (CPPP): 2026_RBI_287151_1Reserve Bank of India, Guwahati has invited e-tender through CPP portal for the above-mentioned work.2. In this regard, a pre-bid meeting was conducted on August 17, 2026, from 11:00 AM at 4th floor, Bank’s Main Office Building, Guwahati. Sl. No. Name of the vendor/firm Name of Representative 1. M/s Powertech […]
- Reserve Bank of India, Chandigarh (the Bank) had invited two-part Sealed Quotations for Empanelment of Car hiring agencies/Companies/Taxi operators for providing cars (Toyota Fortuner and Toyota Innova Hycross) on call basis for senior dignitaries of the Bank as per requirements to Reserve Bank of India, Chandigarh, Sector 17, Chandigarh. The last date for the submission […]
- Reserve Bank of India, Thiruvananthapuram (hereinafter referred to as ‘the Bank’ or ‘RBI’) invites e-Tender for Electrical Renovation of 5 Nos of Flats (FLAT NOS A-03, B-12, B-13, C-24 & E-36) at RBISQ, Plamoodu. This is a limited tender. Only those vendors/ bidders who are empaneled as vendors with RBI for such works given below […]
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 […]
- The Reserve Bank has been conducting the survey of professional forecasters (SPF) since September 2007. Forty six panellists participated in the 101st round of the bi-monthly survey conducted during July 2026. 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 6.6 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 6.0-7.2 per cent for 2026-27 and in the range of 6.5-7.8 per cent […]
- 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 […]
- Contents Sections I. Regulation II. Financial Inclusion Index III. Supervision IV. Publications V. Data Releases & Surveys Volume XXII | Issue 4 | July 2026 MONETARY & CREDIT INFORMATION REVIEW Note from the Editor The July issue of the Monetary & Credit Information Review captures a defining moment for the banking sector, marked by the Reserve Bank’s half-yearly meeting with MD & CEOs of Public Sector Banks and select Private Sector Banks on July 14, 2026. The Governor’s call to harness advanced technologies like AI for efficiency, while simultaneously fortifying cybersecurity and internal controls, sets the strategic tone for the […]