Thank you for inviting me to speak today. 2. I would like to speak on financial stability, the institutional mechanism, approach and tools for financial stability in our country, the emerging global risks, and our assessment of the financial system. I. What is Financial Stability? 3. As we all know, financial stability is the ability of the financial system to facilitate and enhance economic and financial transactions, manage risks, and absorb shocks1. A stable financial system is one in which financial intermediaries, markets and market infrastructures reliably provide the financial services that households and businesses depend on, including during periods… Read more

The Reserve Bank of India (RBI) has appointed Shri Sudhakar Malli as Executive Director (ED) with effect from October 1, 2026. Prior to his promotion as ED, Shri Sudhakar was serving as Chief General Manager-in-Charge of the Department of Supervision in the Reserve Bank. Shri Sudhakar is a career central banker with around three decades of experience. He has extensive experience in the supervision of banks, non-banking financial companies and co-operative banks, spanning over two and a half decades. He also has around five years of supervisory experience in overseas jurisdictions. He has also worked in the area of Currency… Read more

RBI/2026-27/279 A.P. (DIR Series) Circular No. 23 October 01, 2026 To All Authorised Dealers in Foreign Exchange Madam / Sir Online submission of Form A2: Removal of limits on amount of remittance Attention of Authorised Dealers (ADs) Category I banks and AD – Category II entities is invited to paragraph 3 of A.P. (DIR Series) Circular No. 12 dated July 03, 2024, on the captioned subject, in terms of which they were advised to frame appropriate internal guidelines with the approval of their Board, for the purpose of facilitating outward forex remittances on the basis of online / physical submission… Read more

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A summary of the performance under the Citizen’s Charter of the Reserve Bank of India (RBI) during the month of September 2026 is given below – Description No. of Applications A Applications pending at the beginning of the month 3,011                  B Applications received during the month 17,200                  C Referred back to applicants for additional information 701                    Total (A+B-C) 19,510                  D Applications processed during the month – Within timeline – Beyond timeline 16,844                  16,822     (99.9%) 22       (0.1%) E Applications pending at the end of the month – Within timeline – Beyond timeline 2,666                  2,646     (99.2%) 20*      (0.8%) * Awaiting inputs from external… Read more

RBI/2026-27/280 A.P. (DIR Series) Circular No. 24 October 01, 2026 To All Authorised Dealers Madam / Sir, Non-Resident Deposits – Comprehensive Single Return (NRD-CSR)(R012): Submission under CIMS Sankalan Portal Attention of banks maintaining Non-Resident Deposits (NRD) Accounts is invited to A.P. (DIR Series) Circular No. 19 dated August 07, 2013 on monthly NRD-CSR return submission through XBRL platform to the Reserve Bank. 2. The NRD-CSR reporting has since moved to Centralised Information Management System (CIMS) Sankalan portal with the submission of March 2024 data in the month of April 2024. The return code of NRD-CSR on the CIMS is R012.… Read more

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 operational guidelines for the auction as given in the Reserve Bank’s Press Release 2019-2020/1947 dated February 13, 2020 will remain the same. Ajit Prasad           Deputy General Manager (Communications)     Press Release: 2026-2027/1236 Read more

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 Average Yield (WAY) of last three auctions (from the rate fixing day i.e., October 04, 2026) of 182 Day T-Bills, plus a fixed spread (0.64 per cent) Ajit Prasad           Deputy General Manager (Communications)     Press Release: 2026-2027/1235 Read more

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 to simplify approval process for subsequent acquisitions of major shareholding in a banking company by mutual funds, insurance companies and pension funds. 2. Feedback received on the above draft Amendment Directions has been examined and the consequent modifications have been suitably incorporated in the final… Read more

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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 close of business on October 04, 2026, vide Directive No.DOR.MON./D-18/12-29-104/2026-2027 dated June 25, 2026. The Reserve Bank of India is satisfied that in the public interest, it is necessary to further extend the period of operation of the Directive beyond close of business on October… Read more