Press Releases
- The following State Governments have offered to sell stock by way of auction, for an aggregate amount of ₹25,100 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 1000 Re-issue […]
- With an objective to enhancing transparency and providing greater clarity to the investors, Reserve Bank introduced the Benchmark Issuance Strategy (BIS) on a pilot basis commencing Q1: FY 2026-27 involving nine States, viz., Andhra Pradesh, Bihar, Chhattisgarh, Keralam, Madhya Pradesh, Maharashtra, Rajasthan, Telangana, and Uttar Pradesh. Subsequently, nine other States and one Union Territory (UT), […]
- On a review of current and evolving liquidity conditions, it has been decided to conduct a Variable Rate Reverse Repo (VRRR) auction on Monday, October 05, 2026, as under: Sl. No. Notified Amount (₹ crore) Tenor(day) Window Timing Date of Reversal 1 2,00,000 1 09:30 AM to 10:00 AM October 06, 2026 (Tuesday) 2. The […]
- The rate of interest on Government of India Floating Rate Bond 2028 (FRB 2028) applicable for the half year October 04, 2026 to April 03, 2027 shall be 6.45 per cent per annum. It may be recalled that FRB 2028 carries a coupon, which has a base rate equivalent to the average of the Weighted […]
- 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 8,000 October 07, 2026 (Wednesday) October 08, 2026 (Thursday) 2 182-Day 8,000 3 364-Day 7,000 Total 23,000 The sale will […]
- The Reserve Bank, vide Press Release dated July 14, 2026, had issued the draft "Reserve Bank of India (Acquisition and Holding of Shares or Voting Rights) Amendment Directions, 2026”, seeking comments / feedback from the regulated entities and members of public / other stakeholders on or before August 4, 2026. The draft Amendment Directions proposed […]
- The Reserve Bank of India issued Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 to The Industrial Co-operative Bank Ltd., Guwahati vide Directive No.GWH.DOS.ADM.No.S103/01-10-101/2025-2026 dated July 03, 2025 for a period of six months up to close of business on January 04, 2026, which was last extended up to […]
- (Amount in ₹ Crore) Auction Results 6.20% GS 2029 6.57% GS 2033 7.63% GS 2056 7.50% GOI SGrB 2056 I. Notified Amount 9,000 12,000 9,000 3,000 II. Competitive Bids Received (i) Number 92 141 150 54 (ii) Amount 20,570.000 29,756.140 21,408.430 5,964.000 III. Cut-off price (₹) / Yield 98.53 96.79 99.30 […]
- 6.20% GS 2029 6.57% GS 2033 7.63% GS 2056 7.50% GOI SGrB 2056 I. Notified Amount ₹9,000 crore ₹12,000 crore ₹9,000 crore ₹3,000 crore II. Cut off Price (₹) / Implicit Yield at cut-off 98.53/6.7688% 96.79/7.1680% 99.30/7.6895% 98.20/7.6539% III. Amount accepted in the auction ₹9,000 crore ₹12,000 crore ₹9,000 crore ₹3,000 crore IV. […]
- The Reserve Bank of India issued Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 to Innovative Co-operative Urban Bank Limited, New Delhi vide Directive No. DEL.DOS.EXG_SSM.No.S143/12-10-005/2025-2026 dated July 03, 2025 for a period of 06 months from close of business on July 04, 2025 up to close of business […]
Notifications
- RBI/2026-27/275 DOR.HOL.REC.No.235/16.13.100/2026-27 October 1, 2026 Reserve Bank of India (Commercial Banks – Acquisition and Holding of Shares or Voting Rights) Amendment Directions, 2026 The Reserve Bank had issued the Reserve Bank of India (Commercial Banks – Acquisition and Holding of Shares or Voting Rights) Directions, 2025 (hereinafter referred as the ‘Master Direction’), on November 28, […]
- RBI/2026-27/276 DOR.HOL.REC.No.236/16.13.100/2026-27 October 1, 2026 Reserve Bank of India (Small Finance Banks – Acquisition and Holding of Shares or Voting Rights) Amendment Directions, 2026 The Reserve Bank had issued the Reserve Bank of India (Small Finance Banks – Acquisition and Holding of Shares or Voting Rights) Directions, 2025 (hereinafter referred as the ‘Master Direction’), on […]
- RBI/2026-27/277 DOR.HOL.REC.No.237/16.13.100/2026-27 October 1, 2026 Reserve Bank of India (Payments Banks – Acquisition and Holding of Shares or Voting Rights) Amendment Directions, 2026 The Reserve Bank had issued the Reserve Bank of India (Payments Banks – Acquisition and Holding of Shares or Voting Rights) Directions, 2025 (hereinafter referred as the ‘Master Direction’), on November 28, […]
- RBI/2026-27/278 DOR.HOL.REC.No.238/16.13.100/2026-27 October 1, 2026 Reserve Bank of India (Local Area Banks – Acquisition and Holding of Shares or Voting Rights) Amendment Directions, 2026 The Reserve Bank had issued the Reserve Bank of India (Local Area Banks – Acquisition and Holding of Shares or Voting Rights) Directions, 2025 (hereinafter referred as the ‘Master Direction’), on […]
- RBI/2026-27/274 DCM (IFCD).No.S2096/06.08.002/2026-27 October 1, 2026 The Chairman / Managing Director / Chief Executive Officer All Banks Madam / Dear Sir, Consolidation/ Review of instructions issued on currency management matters – Withdrawal of Circulars/ Guidelines In pursuance of the Reserve Bank’s ongoing initiative to rationalise the regulatory framework, a review of instructions issued on currency […]
- RBI/2026-27/273 DCM (RMMT) No.S 2107/20-02-002/2026-27 October 01, 2026 The Chairman / Managing Director/ Chief Executive OfficerAll Banks Madam / Dear Sir, Cassette – Swaps in ATMs Please refer to the circular RBI/2021-22/190 DCM (Plg.) No.S 1117/10.25.007/2021-22 dated March 31, 2022 on the captioned subject. 2. In partial modification to para 3 of the aforesaid circular, […]
- RBI/2026-27/272FIDD.CO.GSSD.BC.No.11/09.09.001/2026-27 October 01, 2026 The Chairman/ Managing Director / Chief Executive OfficerAll 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 credit facilities […]
- RBI/2026-27/271 DOR.AML.REC.234/14.06.001/2026-27 September 29, 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) […]
- RESERVE BANK OF INDIA FOREIGN EXCHANGE DEPARTMENT CENTRAL OFFICE Mumbai 400 001 Notification No. FEMA 23(R)/(1)/2026-RB September 22, 2026 Foreign Exchange Management (Export and Import of Goods and Services) (Amendment) Regulations, 2026 In exercise of the powers conferred by Section 7, Section 8, sub-section (6) of Section 10 and sub-section (2) of Section 47 of […]
- RBI/2026-2027/270DOR.AML.REC.233/14.06.001/2026-27 September 24, 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, Designation of terrorist organisation under clause (a) of sub-section (1) of section 35 of the […]
SPEECHES
- Distinguished guests, leaders of the banking and financial community, representatives from the fintech and technology world, colleagues from the Reserve Bank, ladies, and gentlemen, it is a pleasure to be here at the SBI Banking and Economic Conclave. 2. The theme of this year’s Conclave is most timely. If we were to gauge India’s performance […]
- It is my pleasure to be here at the SBI’s 13th Banking and Economics conclave to share my views on the Indian economy and put them in the global context– a context that is becoming increasingly more volatile and complex. In my brief comments, I will discuss the challenges that the global economic backdrop has […]
- Distinguished guests, fellow regulators and policymakers, leaders of financial institutions, members of the FinTech community, technology professionals, ladies and gentlemen. Namaskar and a very good afternoon to you all. 2. It gives me great pleasure to be with you at the Global FinTech Fest 2026. What began as a forum for an emerging industry — […]
- Good afternoon. I am delighted to be here at the Global Fintech Fest once again. Over the years, this platform has evolved beyond being an industry conference to a forum where policymakers, regulators, innovators, financial institutions, entrepreneurs and academia come together to exchange ideas that will shape the future of finance. 2. Let me begin […]
- Distinguished guests, colleagues from across the fintech ecosystem, representatives of regulatory and international bodies, ladies and gentlemen. It gives me great pleasure to be here at the Global Fintech Festival. 2. This Festival has, over the years, become a fertile ground for ideas at the intersection of finance and technology. It brings together those who […]
- Hon’ble Prime Minister, Shri Narendra Modi Ji, Shri Kris Gopalakrishnan, members of the GFF Advisory Council, dignitaries from India and abroad, FinTech founders, innovators, financial sector colleagues, members of the press, ladies and gentlemen. Namaskar and good evening. 2. We are immensely honored and encouraged by the presence of the Hon'ble Prime Minister at this […]
- 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 […]
TENDERS
- Tender number: 2026_RBI_292286_1 A reference is invited to the captioned Tender document, which was uploaded on the CPP Portal on September 29, 2026. 2. In the above context, it is informed that, para number 3.b.i of Section III in the tender document is revised as follows – Sl. No. Existing Para Revised Para (i) Existing […]
- The Reserve Bank of India, Kolkata invites limited E-tenders in two parts for captioned work. The estimated cost of the work is ₹22,40,000/- and is to be completed within 40 days. 2. Eligibility Criteria: Bidders under category Civil Works under amount ₹10 (Ten) lakhs to ₹25 (Twenty-five) lakhs empanelled with RBI Kolkata. (Ref: Section III […]
- Reserve Bank of India, Kanpur invites e-tender for ‘Renovation of gym in Kidwai Nagar Staff Quarter, RBI Kanpur. The e-tendering shall be done through the e-tendering portal of CPPP. All eligible and interested companies / agencies / firms must register themselves with CPPP to participate in the e-tendering process. The Schedule of e-tender is as […]
- E-Tender No.: 2026_RBI_290008_1 The Pre-Bid meeting for the captioned tender was held on September 29, 2026, at 11:30 Hrs. One firm viz., M/s ABS India Pvt Ltd had participated in person for the Pre-bid meeting. The following officials of RBI & representative from prospective firms/bidders were present during the pre-bid meeting: Sr. No. Name and […]
- The pre-bid meeting for the captioned work was conducted by Estate Department at Estate Department, Main Office Building on September 25, 2026 at 11:00 AM in presence of the following: For Reserve Bank of India: Shri. Sachin Sharma, Deputy General Manager Shri. R K Khandelwal, Assistant Manager (Tech-Electrical) Shri. Swapnil Tule, Junior Engineer (Tech-Electrical) Shri. […]
- Reserve Bank of India, Bengaluru invites e-Tender through Central Public Procurement Portal (CPPP) from eligible empanelled vendors for Electrical Renovation work in connection with Renovation of Eleven (11 Nos) Class IV flats at Reserve Bank Staff Quarters, Nandini Layout, Bengaluru. The e-Tender along with the detailed tender notice is available on the CPP Portal at […]
- Reserve Bank of India, Chandigarh invites limited E-tender in two part for captioned work. The estimated cost of the work is ₹62.52 lakh and is to be completed within 90 days from the 14th day of award of work. 2. Eligibility Criteria: This is a limited e-tender. Only those interested and eligible firms, which are […]
- E-Tender ID: 2026_RBI_292558_1 The ‘Pre-Bid Meeting’ for the captioned work was conducted as per schedule at 11.00 AM on October 01, 2026 at Meeting Room, 2nd Floor, Estate Department, Reserve Bank of India, Bengaluru. The following staff members of RBI and representatives of the prospective bidders were present during the pre-bid meeting: Sl. No. Name […]
- (Event No: RBI/Mumbai Regional Office/Estate BKC/26-27/4) The pre-bid meeting for the captioned e-tender was scheduled in offline mode on September 28, 2026 (Monday) at 11.00 a.m. at Estate Cell, BKC. 2. Following Officials of Estate Cell, BKC attended the above pre-bid meeting: – S.No Name Designation 1 Ms. Shweta P Mhasvekar Manager 2 Shri Aneek […]
- Tender number: 2026_RBI_290120_1 A reference is invited to the captioned bid, which was invited on September 11, 2026, on the CPP Portal. 2. In the above context, it is informed that, the clauses no. 08 of Section III (b): Eligibility Criteria in the tender document revised as follows – Sl no. Existing Clause Revised Clause […]
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 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. The objective of sDQI is to assess the adherence to the principles enunciated in the Reserve Bank of India (Commercial Banks – Supervisory Returns) Directions, 2026 and Reserve Bank of India (Small Finance Banks – Supervisory Returns) Directions, 2026. The sDQI score of Scheduled Commercial Banks (SCBs) has improved in June 2026 as compared to March 2026. Trends in sDQI Scores of SCBs Bank Group Mar-26 Jun-26 Accuracy […]
- 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 […]
- Contents Sections I. Monetary Policy II. Regulation III. Central Board Meeting IV. Publications V. Data Release and Surveys Volume XXII | Issue 5 | 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 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 […]