Press Releases
- In terms of GOI Notification F.No.4(25) – W&M/2017 dated October 06, 2017 (SGB 2017-18 Series-XIV-Issue date January 01, 2018) and in terms of GOI Notification F.No.4(22) – B(W&M)/2018 dated October 08, 2018 (SGB 2018-19 Series-IV-Issue date January 01, 2019) on Sovereign Gold Bond Scheme, premature redemption of Gold Bond may be permitted after fifth year […]
- Government of India (GoI) has announced the sale (issue / re-issue) of two dated securities for a notified amount of ₹32,000 crore as per the following details: Sr No Security Date of Repayment Notified Amount (₹ Crore) GoI specific Notification Auction Date Settlement Date 1 New GS 2040 Jul 07, 2040 16,000 F.No.4(1)-B(W&M)/2025 dated June […]
- The Reserve Bank of India (RBl) has, by an order dated June 26, 2025, imposed a monetary penalty of ₹14.30 lakh (Rupees Fourteen Lakh Thirty Thousand only) on Shree Kadi Nagarik Sahakari Bank Ltd., Dist. Mehsana, Gujarat (the bank) for non-compliance with the certain directions issued by RBI on ‘Donations to Trusts and Institutions where […]
- The Reserve Bank of India (RBl) has, by an order dated June 24, 2025, imposed a monetary penalty of ₹50,000/- (Rupees Fifty Thousand only) on Saibaba Nagari Sahakari Bank Maryadit, Sailu, Maharashtra (the bank) for non-compliance with certain directions issued by RBI on ‘Know Your Customer (KYC)’. This penalty has been imposed in exercise 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 June 2025 are set out in Tables 1 to 7. Highlights: Lending Rates: The weighted average lending rate (WALR) on fresh rupee loans of SCBs declined to 9.20 per cent in […]
- The value of exports and imports of services during May 2025 is given in the following table. International Trade in Services (US$ million) Month Receipts (Exports) Payments (Imports) January – 2025 34,749 (12.1) 16,714 (12.6) February – 2025 31,646 (11.7) 14,513 (-4.7) March – 2025 35,624 (18.7) 17,484 (5.3) April – 2025 32,843 (8.8) 16,909 […]
- At present, Standing Deposit Facility (SDF) and Marginal Standing Facility (MSF) are available between 5:30 PM and 11:59 PM on all days. 2. In light of the extension of market timings for call money to 7:00 PM, it has been decided that the Standing Deposit Facility (SDF) and Marginal Standing Facility (MSF) will be available […]
- Today, the Reserve Bank released the June 2025 issue of the Financial Stability Report (FSR), which reflects the collective assessment of the Sub-Committee of the Financial Stability and Development Council (FSDC) on the resilience of the Indian financial system and risks to financial stability. Highlights: Elevated economic and trade policy uncertainties are testing the resilience […]
- Data on sectoral deployment of bank credit for the month1 of May 2025 collected from 41 select scheduled commercial banks (SCBs), accounting for about 95 per cent of the total non-food credit by all SCBs, are set out in Statements I and II. On a year-on-year (y-o-y) basis, non-food bank credit2 as on the fortnight […]
- (Amount in ₹ crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 0.00 – – I. Call Money 0.00 – – II. Triparty Repo 0.00 – – III. Market Repo 0.00 – – IV. Repo in Corporate Bond 0.00 – – B. […]
Notifications
- RBI/2025-26/63 CO.DPSS.POLC.No.S339/02-01-001/2025-2026 June 27, 2025 The Chairman / Managing Director / Chief Executive All Scheduled Commercial Banks including RRBs / Urban Cooperative Banks / State Cooperative Banks / District Central Cooperative Banks / National Payments Corporation of India (NPCI) Madam / Dear Sir, Aadhaar Enabled Payment System – Due Diligence of AePS Touchpoint Operators Aadhaar […]
- RBI/2025-26/62 DoR.SOG (DEA Fund) No.37/30.01.002/2025-26 June 25, 2025 Madam / Dear Sir The Depositor Education and Awareness (DEA) Fund Scheme, 2014 – Revised Operational Guidelines The Depositor Education and Awareness (DEA) Fund Scheme, 2014, prescribes the process to be followed by the banks for transfer to and claim of the amounts transferred to DEA Fund, […]
- RBI/2025-26/61 DOR.LIC.REC.36/16.13.218/2025-26 June 20, 2025 All Small Finance Banks Madam/ Dear Sir, Review of Priority Sector Lending norms – Small Finance Banks Please refer to the ‘Guidelines for Licensing of Small Finance Banks in Private Sector’ dated November 27, 2014 and the ‘Guidelines for ‘on-tap’ Licensing of Small Finance Banks in Private Sector’ released by […]
- RBI/2025-26/60 DOR.AML.REC.35/14.06.001/2025-26 June 19, 2025 The Chairpersons/ CEOs of all the Regulated Entities Madam/Dear Sir, Implementation of Section 51A of UAPA,1967: Updates to UNSC’s 1267/1989 ISIL (Da'esh) & Al-Qaida Sanctions List: Addition of 01 Entry Please refer to paragraph 51 of the RBI Master Direction on Know Your Customer dated February 25, 2016 as amended […]
- RBI/2025-26/59 DOR.STR.REC.34/21.04.048/2025-26 June 19, 2025 Reserve Bank of India (Project Finance) Directions, 2025 I. Introduction II. Preliminary A. Preamble B. Powers Exercised C. Short Title and Commencement D. Effective Date E. Applicability F. Definitions III. General Guidelines G. Phases of Projects H. Prudential Conditions Related to Sanction I. Prudential Conditions Related to Disbursement and Monitoring […]
- RBI/2025-26/58 DOR.AML.REC.33/14.06.001/2025-26 June 16, 2025 The Chairpersons/ CEOs of all the Regulated Entities Madam/Dear Sir, Implementation of Section 51A of UAPA,1967: Updates to UNSC’s 1267/ 1989 ISIL (Da'esh) & Al-Qaida Sanctions List: Removal of 01 Entry Please refer to Paragraph 51 of the RBI Master Direction on Know Your Customer dated February 25, 2016 as […]
- RBI/2025-26/57 CO.DGBA.GBD.No.S168/31-12-011/2025-2026 June 16, 2025 All Agency Banks Madam /Dear Sir, Review of instructions issued vide Master Circular on Conduct of Government Business by Agency Banks – Payment of Agency Commission Please refer to our Master Circular on Conduct of Government Business by Agency Banks – Payment of Agency Commission dated April 01, 2025 related […]
- RBI/FMRD/2025-26/137 FMRD.MIOD.No.02/14.03.027/2025-26 June 16, 2025 To All operators of Electronic Trading Platforms Madam/Sir, Master Direction – Reserve Bank of India (Electronic Trading Platforms) Directions, 2025 Please refer to Paragraph 1 of the Statement on Developmental and Regulatory Policies announced as a part of the Bi-monthly Monetary Policy Statement for 2023-24 dated February 08, 2024, on […]
- RBI/2025-26/56 FIDD.CO.GSSD.BC.No.07/09.09.001/2025-26 June 16, 2025 The Chairman/ Managing Director / Chief Executive Officer All Scheduled Commercial Banks (including Small Finance Banks) Madam/ Dear Sir, Master Circular – Credit facilities to Scheduled Castes (SCs) & Scheduled Tribes (STs) The Reserve Bank of India has, from time to time, issued a number of guidelines/instructions to banks on […]
- RBI/2025-26/55 A.P. (DIR Series) Circular No. 07 June 13, 2025 All Authorised Dealer Category-I banks Madam / Sir, Import of Shipping Vessel – Relaxation Attention of Authorised Dealer (AD) Category – I banks is invited to Para C.1 of Master Direction – Import of Goods and Services (MD-Imports) dated January 01, 2016. 2. With a […]
SPEECHES
- 1. Chairman of the Board of Governors, Director of the Institute, Prof and Padma Shree Manindra Agrawal, winner of numerous awards, who was my senior here and who I hold in very high esteem, faculty members, staff, proud parents, family and friends of the graduating students, distinguished guests, and my dear graduating students, alumni, ladies […]
- Participants from the Reserve Bank of India:Shri Sanjay Malhotra – Governor, Reserve Bank of India.Shri M. Rajeshwar Rao – Deputy Governor, Reserve Bank of IndiaShri T. Rabi Sankar – Deputy Governor, Reserve Bank of IndiaShri Swaminathan J. – Deputy Governor, Reserve Bank of IndiaDr. Poonam Gupta – Deputy Governor, Reserve Bank of IndiaDr. Rajiv Ranjan […]
- Distinguished guests, participants, ladies and gentlemen, Good evening. At the outset, let me thank the organisers for inviting me to share some of my thoughts on the theme of financial inclusion. Before that, let me take a moment to acknowledge that today i.e., June 05, 2025, is the World Environment Day, an UN-recognized day that […]
- Distinguished guests, participants, ladies and gentlemen, Good afternoon At the outset, let me thank the organisers for inviting me and giving me an opportunity to deliver the valedictory address and share some of my thoughts on a subject which continues to engage national as well as global attention. I believe there would have been fruitful […]
- I am very happy to be here amongst you in this historic location. I thank CII and USISPF for giving me this opportunity to be present here and share my thoughts. Both CII and USISPF have played important roles in fostering partnerships in trade, technology, investment and innovation between India and USA. I compliment them […]
- It is a pleasure to be here at the 24th FIMMDA-PDAI Annual Conference in Bali, an island that shares a deep and rich heritage with India, marked by centuries of cultural and commercial ties. 2. The past year has been eventful for financial markets globally. The initial optimism that global central banks were poised for […]
- 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 Dr. Rajiv Ranjan – Executive Director, Reserve […]
- CA Shri Charanjot Singh Nanda, President, Institute of Chartered Accountants of India; Chairpersons of the Audit Committee of the Boards, MDs & CEOs of NBFCs, and Statutory Auditors of NBFCs, Executive Directors from RBI and my colleagues from the Reserve Bank of India, Ladies and Gentlemen. A very good morning to all of you. 1. […]
- A strong and resilient financial system is the bedrock on which the edifice of economic prosperity of a nation is built. Reserve Bank of India is the custodian of our financial system. It completed 90 years of its journey yesterday. The theme for our 90th year was ‘Stability, Trust and Growth’. It embodies all that […]
- Her Excellency, the President of India, Hon'ble Governor of Maharashtra, Hon'ble Chief Minister of Maharashtra, Hon'ble Union Minister of Communications, Hon'ble Deputy Chief Ministers of Maharashtra, distinguished invitees, representatives of the media, and my colleagues from the Reserve Bank, past and present. 2. It is my privilege to welcome you all on this momentous occasion […]
TENDERS
- (E-Tender no.: RBI/Regional Office Bhubaneswar/Estate/6/25-26/ET/170) The captioned tender was published on June 06, 2025 through RBI website (www.rbi.org.in) and MSTC website (www.mstcecommerce.com/eprocn). In this connection, a corrigendum containing the following changes is issued: Sl. No Particulars Revised Schedule of the Tender 1 Date of closing of tender for submission of Techno-Commercial Bid & Price Bid […]
- Tender/Event No: RBI/Kanpur Regional Office/Others/1/25-26/ET/104 [Publication of advertisement] With reference to the captioned e-tender dated May 19, 2025, it is informed that the last date of submission of bids on the MSTC portal has been extended from June 30, 2025 – 02:30PM to July 07, 2025 till 02:30PM. 2. Now the e-tender will be opened […]
- RBI/DEHRADUN REGIONAL OFFICE/ESTAE/1/25-26/ET/43 A reference is invited to the captioned tender which was uploaded / floated on April 21, 2025 under the “Tenders” link of RBI website (www.rbi.org.in). 2. In this connection, it is informed that the above-mentioned tender stands cancelled due to administrative reasons. Regional Director Reserve Bank of India Dehradun
- (E-Tender No. RBI/Jaipur Regional Office/HRMD/2/25-26/ET/164) Please refer to the tender document for the captioned work published through RBI website (www.rbi.org.in). It may be noted that last date for submitting bid was up to 23:00 Hours on June 26, 2025. 2. In this connection, it has been decided to extend the last date for submission of […]
- e-Tender No. – RBI/Hyderabad Regional Office/Estate/14/25-26/ET/220 The pre-bid meeting for the captioned tender was scheduled at 11:00 am on June 27, 2025 at Estate Department, 1st floor, Main Office Building, RBI, Hyderabad. 2. No vendors participated in the meeting. Regional Director Reserve Bank of India Hyderabad
- The pre-bid meeting for the captioned work was conducted by Estate Department, at Conference Hall, Main Office Building on June 20, 2025 at 11:00 AM in presence of the following: For Reserve Bank of India: Shri. B Kamal Nayak, Assistant General Manager (Estate) Shri. R K Khandelwal, Assistant Manager (Tech-Electrical) Shri. Palash Chaurasia, Assistant Manager […]
- e-Tender No: RBI/Hyderabad Regional Office/Estate/11/25-26/ET/171 It has been decided to extend the last date of submission of tender documents for the above-mentioned Tender up to 11:00 a.m. of July 04, 2025. The Tender will be opened at 11:30 a.m. on July 04, 2025. In case of any clarification, it is advised to contact Estate Department, […]
- e-Tender No: RBI/Hyderabad Regional Office/Estate/13/25-26/ET/209 It has been decided to extend the last date of submission of tender documents for the above-mentioned Tender up to 11:00 a.m. of July 03, 2025. The Tender will be opened at 11:30 a.m. on July 03, 2025. In case of any clarification, you are requested to contact Estate Department, […]
- Reserve Bank of India, Chandigarh invites E-Tender from eligible and willing firms for undertaking “Floor repair and tiling work at Front yards of the Bank’s Residential Accommodations at Sector-30A & 44B Colonies, Chandigarh”. The estimated cost of work is ₹33.28 Lakh (including GST) only. 2. It is a limited e-tender. Only those firms which are […]
- Reserve Bank of India, Bengaluru invites e-Tender through MSTC website from eligible empanelled vendors for Renovation of 2 Class IV flats (308 & 408) at RBI Staff Quarters, Nandini Layout, Bengaluru. The e-Tender along with the detailed tender notice is available on the MSTC website at https://www.mstcecommerce.com/eprocn and the website of the RBI at https://www.rbi.org.in […]
PUBLICATION
- Today, the Reserve Bank of India released the balance of payments (BoP) data for the fourth quarter (Q4), i.e., January-March of 2024-25 on its website (www.rbi.org.in). On the basis of these data, the sources of variation in foreign exchange reserves during April-March 2024-25 are detailed below in Table 1. Table 1: Sources of Variation in Foreign Exchange Reserves* (US$ billion) Items 2023-24 2024-25 I. Current Account Balance -26.1 -23.4 II. Capital Account (net) (a to f) 89.8 18.3 a. Foreign Investment (i+ii) 54.2 4.5 (i) Foreign Direct Investment (FDI) 10.2 1.0 (ii) Portfolio […]
- 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: […]
- The Reserve Bank has been conducting the survey of professional forecasters (SPF) since September 2007. Forty-six panellists participated in the 94th round of the bi-monthly survey conducted during May 2025. The survey results are summarised in terms of their median forecasts and summary statistics are presented in Annexes 1-7. Highlights: A. Regular Survey 1. Output Real gross domestic product (GDP) is expected to grow by 6.3 per cent in 2025-26 and by 6.5 per cent in 2026-27 (Table 1). SPF panellists placed GDP growth forecasts in the range of 5.8-7.0 per cent for 2025-26 and in the range of 5.9-7.7 […]
- Today, the Reserve Bank released the results of May 2025 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 across 19 major cities. The latest round of the survey was conducted during May 2-11, 2025, covering 6,090 respondents. Highlights: Despite improvements in employment and price conditions, consumer confidence for the current period remained stable due to marginal decline in sentiments on the other survey parameters. The Current Situation Index (CSI)2 moderated […]
- Today, the Reserve Bank released the results of May 2025 round of its bi-monthly inflation expectations survey of households (IESH)1 2. The survey was conducted during May 2-11, 2025, in 19 major cities, with 6,079 valid responses. Highlights: Households’ median perception of current inflation declined further by 10 basis points (bps) to 7.7 per cent, when compared to March 2025 round of the survey; their inflation expectations for the next three months remained unchanged while their one year ahead expectation moderated by 20 bps [Charts 1a and 1b; Table 3]. For both short term and one year ahead periods, the […]
- Today, the Reserve Bank released the results of May 2025 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 from the households residing in the rural and semi-urban areas across all Indian states and three major UTs. This survey also collates information on households' current inflation perception and their expectation for the year ahead. The latest round of the survey was conducted during May 2-11, 2025, covering 8,969 valid responses. […]
- Contents Sections I. Regulation II. Financial Market III. Issuer of Currency IV. Supervision V. Publication VI. Data Releases and Surveys Volume XXI | Issue 2 | May 2025 MONETARY & CREDIT INFORMATION REVIEW Note from the Editor The Reserve Bank of India recently released its Annual Report for 2024 – 25 alongside convening its 616th Central Board meeting in Mumbai. The Report outlines key developments in the economy and the Reserve Bank’s policy priorities, with an emphasis on maintaining macroeconomic stability amid global uncertainties.A notable highlight is the revision of the Economic Capital Framework (ECF), reflecting a refined approach to […]
- Today, the Reserve Bank released Publications).">1 the web publication ‘Deposits with Scheduled Commercial BanksStatistics>Data Release>Fortnightly>Scheduled Bank's Statement of Position in India).">2 – March 20253’ 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 of term deposits as well as number of employees in the annual ‘Basic Statistical Return’ (BSR) – 2 return. These data are released at disaggregated level (viz., type of deposits, population […]
- Contents 1. Introduction 2. Issuance of member shares at premium 3. Issuance of “Special Shares” under Section 12(1) of the Amendment Table 1: Comparison of Member Shares and SSCs 4. Secondary market for securities of UCBs 4.4 Provisions for transfer of securities of UCBs 4.5 Aspects pertaining to trading of securities issued by UCBs 4.5.1 Listing of securities issued by UCBs on stock exchanges 4.5.2 Trading of securities issued by UCBs on their websites 5. Recommendations of the Expert Committee pertaining to Perpetual Non-cumulative Preference Shares (PNCPS) Annex 1 Annex 2 Annex 3 Annex 4 1. Introduction 1.1 Section 12(1) […]
- Table of Contents Chapter I Executive Summary Chapter II Introduction 1. Introduction to PFMIs 2. Introduction to RTGS 3. Methodology of Self-Assessment Chapter III Summary of Self-Assessment Principle 1: Legal basis Principle 2: Governance Principle 3: Framework for the comprehensive management of risks Principle 4: Credit Risk Principle 5: Collateral Principle 6: Margin Principle 7: Liquidity Risk Principle 8: Settlement Finality Principle 9: Money Settlement Principle 10: Physical Deliveries Principle 11: Central Securities Depositories Principle 12: Exchange-of-Value Settlement Systems Principle 13: Participant default rules and procedures Principle 14: Segregation and Portability Principle 15: General Business Risk Principle 16: Custody and […]