Press Releases
- 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) Additional Borrowing (Greenshoe) Option (₹ Crore) Tenor (Year) Type of Auction 1. Bihar 1200 – Re-issue of 7.69% Bihar SGS 2035, issued on April […]
- On a review of current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Repo (VRR) auction on Monday, June 22, 2026, as under: Sl. No. Notified Amount(₹ crore) Tenor (day) Window Timing Date of Reversal 1 1,25,000 1 9:30 AM to 10:00 AM June 23, 2026(Tuesday) 2. The operational guidelines […]
- The Reserve Bank of India had, on February 12, 2026, issued the Draft Directions on Revised Kisan Credit Card (KCC) Scheme for public / stakeholder feedback. 2. Feedback received on the draft Directions has been examined and consequent modifications, as deemed appropriate, have been suitably incorporated in the final Directions. A statement on the feedback […]
- The Reserve Bank of India had on February 13, 2026, issued the draft Circular on the revised guidelines of the Lead Bank Scheme, seeking feedback from the public. 2. Feedback received on the draft circular has been examined and necessary modifications have been suitably incorporated in the final guidelines. A statement on the key items […]
- The Reserve Bank of India (RBI) has, by an order dated June 18, 2026, imposed a monetary penalty of ₹6.20 lakh (Rupees Six Lakh Twenty Thousand only) on Five Star Business Finance Limited (the company) for non-compliance with certain provisions of ‘Reserve Bank of India (Know Your Customer (KYC)) Directions’ and the directions issued by […]
- 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 June 24, 2026 (Wednesday) June 25, 2026 (Thursday) 2 182-Day 6,000 3 364-Day 6,000 Total 24,000 The sale will […]
- The Reserve Bank of India (RBI) has, by an order dated June 18, 2026, imposed a monetary penalty of ₹2.70 lakh (Rupees Two Lakh Seventy Thousand only) on Can Fin Homes Limited (the company) for non-compliance with certain provisions of the directions issued by RBI on ‘Fair Practices Code’. This penalty has been imposed in […]
- The Reserve Bank of India (RBI) has, by an order dated June 18, 2026, imposed a monetary penalty of ₹3.10 lakh (Rupees Three Lakh Ten Thousand only) on Pahal Financial Services Private Limited (the company) for non-compliance with certain provisions of the 'Reserve Bank of India (Know Your Customer (KYC)) Directions' issued by RBI. This […]
- [Under Section 45ZL of the Reserve Bank of India Act, 1934] The sixty first meeting of the Monetary Policy Committee (MPC), constituted under Section 45ZB of the Reserve Bank of India Act, 1934, was held during June 3 to 5, 2026. 2. The meeting was chaired by Shri Sanjay Malhotra, Governor and was attended by […]
- 1. Reserve Bank of India – Liabilities and Assets* (₹ Crore) Item 2025 2026 Variation Jun. 13 Jun. 05 Jun. 12 Week Year 1 2 3 4 5 4 Loans and Advances 4.1 Central Government 0 0 0 0 0 4.2 State Governments 15962 28330 18770 -9560 2808 * Data […]
Notifications
- RBI/FIDD/2026-27/402 FIDD.CO.FSD.BC.No.04/05.05.010/2026-27 June 19, 2026 Reserve Bank of India [Commercial Banks – Kisan Credit Card (KCC) Scheme] Directions, 2026 Table of Contents Chapter I: Preliminary Chapter II: Credit – Purpose, Tenure and Limit Chapter III: General Instructions Chapter IV: Disclosure, Exemptions and Repeal Provisions Annex I – Illustrations Appendix In exercise of the powers conferred […]
- RBI/FIDD/2026-27/403 FIDD.CO.FSD.BC.No.05/05.05.010/2026-27 June 19, 2026 Reserve Bank of India [Small Finance Banks – Kisan Credit Card (KCC) Scheme] Directions, 2026 Table of Contents Chapter I: Preliminary Chapter II: Credit – Purpose, Tenure and Limit Chapter III: General Instructions Chapter IV: Disclosure, Exemptions and Repeal Provisions Annex I – Illustrations Appendix In exercise of the powers […]
- RBI/FIDD/2026-27/404 FIDD.CO.FSD.BC.No.06/05.05.010/2026-27 June 19, 2026 Reserve Bank of India [Regional Rural Banks – Kisan Credit Card (KCC) Scheme] Directions, 2026 Table of Contents Chapter I: Preliminary Chapter II: Credit – Purpose, Tenure and Limit Chapter III: General Instructions Chapter IV: Disclosure, Exemptions and other Provisions Annex I – Illustrations In exercise of the powers conferred […]
- RBI/FIDD/2026-27/405 FIDD.CO.FSD.BC.No.07/05.05.010/2026-27 June 19, 2026 Reserve Bank of India [Rural Co-operative Banks – Kisan Credit Card (KCC) Scheme] Directions, 2026 Table of Contents Chapter I: Preliminary Chapter II: Credit – Purpose, Tenure and Limit Chapter III: General Instructions Chapter IV: Disclosure, Exemptions and other Provisions Annex I – Illustrations In exercise of the powers conferred […]
- RBI/2026-27/150 FIDD.CO.LBS.BC.No.03/02.01.001/2026-27 June 19, 2026 The Chairman/Managing Director / Chief Executive Officer All Commercial Banks excluding Foreign Banks (other than Wholly Owned Subsidiaries of Foreign Banks) All State Co-operative Banks All District Central Co-operative Banks Madam / Dear Sir, Lead Bank Scheme Please refer to our Master Circular on the Lead Bank Scheme (LBS) FIDD.CO.LBS.BC.No.03/02.01.001/2025-26 […]
- RBI/2026-27/148 DOR.RET.REC.127/12.01.001/2026-27 June 19, 2026 Reserve Bank of India (Rural Co-operative Banks – Cash Reserve Ratio and Statutory Liquidity Ratio) Third 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 8, 2026). On review, it has […]
- RBI/2026-27/149 DOR.RET.REC.125/12.01.001/2026-27 June 19, 2026 Reserve Bank of India (Regional Rural Banks – Cash Reserve Ratio and Statutory Liquidity Ratio) Third Amendment Directions, 2026 Please refer to the Reserve Bank of India (Regional Rural Banks – Cash Reserve Ratio and Statutory Liquidity Ratio) Directions, 2025 (Updated as on June 8, 2026). On review, it has […]
- RBI/2026-27/147 DOR.RET.REC.126/12.01.001/2026-27 June 19, 2026 Reserve Bank of India (Urban Co-operative Banks – Cash Reserve Ratio and Statutory Liquidity Ratio) Third Amendment Directions, 2026 Please refer to the Reserve Bank of India (Urban Co-operative Banks – Cash Reserve Ratio and Statutory Liquidity Ratio) Directions, 2025 (Updated as on June 8, 2026). On review, it has […]
- RBI/2026-27/145 DOR.RET.REC.123/12.01.001/2026-27 June 19, 2026 Reserve Bank of India (Commercial Banks – Cash Reserve Ratio and Statutory Liquidity Ratio) Third Amendment Directions, 2026 Please refer to the Reserve Bank of India (Commercial Banks – Cash Reserve Ratio and Statutory Liquidity Ratio) Directions, 2025 (Updated as on June 8, 2026). On review, it has been decided […]
- RBI/2026-27/146 DOR.RET.REC.124/12.01.001/2026-27 June 19, 2026 Reserve Bank of India (Small Finance Banks – Cash Reserve Ratio and Statutory Liquidity Ratio) Third Amendment Directions, 2026 Please refer to the Reserve Bank of India (Small Finance Banks – Cash Reserve Ratio and Statutory Liquidity Ratio) Directions, 2025 (Updated as on June 8, 2026). On review, it has […]
SPEECHES
- 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 […]
- Distinguished faculty members, dear students, ladies and gentlemen. 2. It is a pleasure to be here at Columbia University’s School of International and Public Affairs. As many of you would know, SIPA was established in 1946, in the aftermath of the Second World War, at a time when the world was rebuilding institutions for a […]
- 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 […]
TENDERS
- Department of Communication (DoC) intends to publish the advertisement in leading English/Hindi newspapers tentatively from June 25, 2026, on “Lateral Recruitment of Site Engineers on Full-Time Contract Basis in Reserve Bank of India (RBI)”. The details of the proposed advertisement are given below: S.N Name of the Newspapers Edition Language Size 1. Times of India […]
- Reserve Bank Staff College, Chennai invites sealed quotations for the captioned work from vendors / contractors. All eligible Vendors / Contractors may participate in the tendering process. The Schedule of Tender is as follows: a. Name of Work Conducting Electrical Safety Audit in Office Building and hostels of RBSC, Chennai b. Estimated Cost of the […]
- E-Tender No.: RBI/Kanpur Regional Office/Others/2/26-27/ET/82[Publication of advertisement] Please refer to the captioned e-tender published through the RBI website www.rbi.org.in and MSTC Common Portal https://www.mstcecommerce.com on June 06, 2026 by the Reserve Bank of India, Kanpur. 2. In this connection, it is informed that the above-mentioned e-tender stands cancelled due to administrative reasons. Regional Director Reserve […]
- Reserve Bank of India, Ranchi (the Bank) invites E-Tender from eligible and willing firms for car hiring agencies / companies for providing Cars / vehicles to the Bank as and when required / need basis. The work is estimated to cost ₹50,00,000/- (including GST) only. 2. This notice is being published for information only and […]
- Estate Department, Reserve Bank of India, Chandigarh (the Bank) had invited tender from eligible and willing firms for undertaking ‘Annual Maintenance Contract of Wet Riser Fire Hydrant and Fire Sprinkler Systems at Reserve Bank of India’s Main Office Building in Chandigarh. The last date for the submission of the tender was upto 11:00 AM on […]
- Reserve Bank of India, Guwahati invites quotation for the above mentioned work. The quotation documents can be downloaded/ viewed from 05:00 PM on June 18, 2026 from RBI website at www.rbi.org.in. 2. The schedule and brief details of the process are as follows: Estimated Cost: ₹34.7 lakh (excluding taxes) Publication of Event- Date and Time: […]
- (Event No.- RBI/Lucknow Regional Office/HRMD/1/26-27/ET/162) A pre-bid meeting regarding the e-tendering for the supply of the medicines and non-medical items to the dispensaries of Reserve Bank of India, Lucknow was held on June 16, 2026, at 12:00 PM. The meeting was conducted offline at the Board room (HRMD), 3rd Floor, Reserve Bank of India, Lucknow. […]
- 1. E-Tender in two parts (Part-I and II) is invited for Replacement of the old Mild Steel (M.S) fixed glazing on the east and north face with new uPVC glazing cum shutter system window at the 2nd floor, along with allied civil works at the Bank's Main Office Building, Kolkata, West Bengal. The work is […]
- Reference: E-Tender no: RBI/Belapur Regional Office/Estate/2/26-27/ET/75 Please refer to e-Tender no: RBI/Belapur Regional Office/Estate/2/26-27/ET/75 for the captioned work uploaded by the Bank on Bank’s website (www.rbi.org.in) and MSTC Portal (www.mstcecommerce.com) on May 08, 2026. 2. In this connection, please note that the bid closing date of the said e-tender has been further extended up to […]
- It has been decided to extend the last date of submission of tender documents for the above-mentioned tender as per the below mentioned schedule- Date of closing of online e-tender for submission of Techno-Commercial Bid & Price Bid 02:00 PM on 24.06.2026 Last date of submission of EMD 05.00 PM on 23.06.2026 Date & time […]
PUBLICATION
- The Reserve Bank of India (RBI) has created a Supervisory Data Quality Index (sDQI) that measures data quality in terms of the Accuracy, Timeliness, Completeness and Consistency in the submission of returns and microdata for supervisory assessments. The objective of sDQI is to assess the adherence to the principles enunciated in the Master Direction on Filing of Supervisory Returns 2024. The sDQI score of Scheduled Commercial Banks (SCBs) has decreased in March 2026 as compared to December 2025. Trends in sDQI Scores of SCBs Bank Group Dec-25 Mar-26 Accuracy Completeness Timeliness Consistency sDQI Score Accuracy Completeness Timeliness Consistency sDQI Score […]
- 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 […]
- Today, the Reserve Bank of India released the balance of payments (BoP) data for the fourth quarter (Q4), i.e., January-March of 2025-26, and for April-March 2025-26 on its website (www.rbi.org.in). On the basis of these data, the sources of variation in foreign exchange reserves during 2025-26 are detailed below in Table 1. Table 1: Sources of Variation in Foreign Exchange Reserves* (US$ billion) Items 2024-25 2025-26 I. Current Account Balance -23.1 -25.4 II. Capital Account (net) (a to f) 18.0 1.8 a. Foreign Investment (i+ii) 4.5 -9.4 (i) Foreign Direct Investment (FDI) 1.0 6.9 […]
- Today, the Reserve Bank released the results of May 2026 round of its bi-monthly Inflation Expectations Survey of Households (IESH)1 2. The survey was conducted during May 2-11, 2026, in 19 major cities, with 5,936 responses. Highlights: The current median inflation perception of households increased sequentially by 60 basis points (bps) to 7.8 per cent as compared to the previous round. Their inflation expectations for the next three months and one year edged up by 80 basis points and 50 basis points, respectively, reaching 9.3 per cent for both horizons [Charts 1a and 1b; Table 3]. At the short-term horizon, […]
- Today, the Reserve Bank released the results of May 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 May 2-11, 2026, covering 6,086 respondents across 19 major cities. Highlights: Consumer confidence for the current period declined for the third successive round with the Current Situation Index (CSI)2 going down to 90.7 from 95.7 in the previous round (Chart 1). Confidence for the year ahead, though […]
- Today, the Reserve Bank released the results of May 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 May 2-11, 2026, covering 8,813 responses in the rural and semi-urban areas across all Indian states and three major UTs. Highlights: Rural consumer confidence for the current period weakened further; the Current Situation Index (CSI)3 declined sequentially in previous two rounds (Chart […]
- The Reserve Bank has been conducting the survey of professional forecasters (SPF) since September 2007. Forty panellists participated in the 100th round of the bi-monthly survey conducted during May 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 6.5 per cent in 2026-27 and by 6.9 per cent in 2027-28 (Table 1). SPF panellists placed GDP growth forecasts in the range of 5.0-7.2 per cent for 2026-27 and in the range of 5.0-7.8 per cent for 2027-28 […]
- Contents Sections I. Meeting II. Regulation III. MoU IV. Fintech V. Publications VI. Data Release Volume XXII | Issue 2 | May 2026 MONETARY & CREDIT INFORMATION REVIEW Note from the Editor The month of May 2026 featured deliberations on key global and domestic macroeconomic and financial sector developments under the aegis of the FSDC Sub-Committee and strategic international engagement for the Reserve Bank. Under the chairmanship of Governor Shri Sanjay Malhotra, the FSDC-SC Sub-Committee convened to deliberate on key macroeconomic and financial sector developments and review progress in several inter-regulatory matters. During the month, the Central Board of RBI […]
- 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. […]
- 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 […]