Press Releases

RBI kept repo rate unchanged at 6.25 per cent

Press Release: 2016-2017/2689 (06/04/2017)

On the basis of an assessment of the current and evolving macroeconomic situation at its meeting today, the Monetary Policy Committee (MPC) decided to keep the policy repo rate under liquidity adjustment facility (LAF) unchanged at 6.25 per cent....

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Statement on Developmental and Regulatory Policies, RBI

Press Release: 2016-2017/2691 (06/04/2017)

This Statement reviews the progress of various developmental and regulatory policy measures announced by the Reserve Bank in recent policy statements and sets out new measures for further refining the liquidity management framework; strengthening the banking regulation and supervision...

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Notice to PACL investors against collection of claim form/cheques etc.

Press Release No. 18/2017 (03/04/2017)

In compliance of the order dated February 02, 2016 passed by the Hon’ble Supreme Court of India in Civil Appeal No.13394/2015 titled as PACL Ltd. Vs Securities and Exchange Board of India and other connected matters, a Committee has been constituted by SEBI under the Chairmanship of Justice (Retd.) R. M. Lodha...

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Need to align our thinking with changes that GST shall bring: CBEC Chairman

DO No.01/CH(EC)/2017 (03/04/2017)

We need to align our thinking with the changes that the GST shall bring forth and see ourselves as a national tax administration that has the expertise in work, acumen in enforcement, accountability in function and most of all integrity in our ethos....

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Kapol Co-operative Bank under RBI Scanner; Withdrawal restricted to Rs. 3000

Press Release : 2016-2017/2631 (31/03/2017)

The Kapol Co-operative Bank Ltd will, without prior approval in writing from the Reserve Bank, also not able to grant or renew any loans and advances, make any investment, incur any liability including borrowal of funds and acceptance of fresh deposits, disburse or agree to disburse any payment whether in discharge of its liabilities and ...

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RBI advisory on E-wallets

Press Release : 2016-2017/2624 (30/03/2017)

RBI has today advised users of Pre-paid Payment Instruments (PPIs), including mobile and electronic wallets, that only non-bank entities authorised by RBI under Payment and Settlement Systems Act, 2007 (the Act) can issue PPI wallets for purchase of goods and services from third parties and money transfer within India. ...

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An Analysis of Properties and Sources of Divergence

Press Release : 2016-2017/2556 (24/03/2017)

A key feature of the inflationary process during 2015-16 was the large divergence in the Consumer Price Index (CPI) and Wholesale Price Index (WPI) inflation....

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Now RBI website at your fingertips

Press Release : 2016-2017/2419 (10/03/2017)

Reserve Bank of India today formally launched a mobile application (app) version of Reserve Bank of India’s website ( The app is available on Android as well as iOS platforms and can be downloaded from the Play Store/App Store in one’s Android phone/iPhone, respectively, using the keyword Reserve Bank of India...

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Shri Ajay Tyagi takes charge as Chairman, SEBI

Press Releases No. 15/2017 (01/03/2017)

Shri Ajay Tyagi took charge as Chairman, Securities and Exchange Board of India, today. Prior to this, Shri Tyagi was Additional Secretary, Department of Economic Affairs, Ministry of Finance, Government of India, handling the portfolios of Capital Market Division, Investment Division, Infrastructure Division and Currency and Coinage Div...

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RBI forms Inter-disciplinary Standing Committee on Cyber Security

Press Release: 2016-2017/2303 (28/02/2017)

Reserve Bank of India has set up an Inter-disciplinary Standing Committee on Cyber Security to, inter alia, review the threats inherent in the existing/emerging technology; study adoption of various security standards/protocols; interface with stakeholders; and suggest appropriate policy interventions to strengthen cyber security and resi...

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