Press Releases

The following State Governments have offered to sell stock by way of auction, for an aggregate amount of ₹48,615 Crore (Face Value). Sr. No. State Amount to be raised (₹ Crore) Additional Borrowing (Greenshoe) Option (₹ Crore) Tenor (Year) Type of Auction 1. Assam 1000 - 20 Yield 2. Bihar 1500 - 13 Yield 1500 - 26 Yield

In terms of GOI notification F.No.4(4)-B(W&M)/2020 dated October 09, 2020 (SGB 2020-21 Series-XI-Issue date February 09, 2021) on Sovereign Gold Bond Scheme, premature redemption of Gold Bond may be permitted after fifth year from the date of issue of such Gold Bond on the date on which interest is payable. Accordingly, the due date of premature redemption of the above tranche shall be on February 09, 2026.

In pursuance of the announcement made in the Statement on Developmental and Regulatory Policies dated October 01, 2025, Deposit Insurance and Credit Guarantee Corporation (DICGC), with approval of Reserve Bank of India (RBI), has today advised the insured banks on implementation of Risk Based Premium (RBP) framework. The framework aims to incentivise sound risk management by banks and reduce premium to be paid by better rated banks.

The names of the following six Regional Rural Banks (RRBs) have been altered in the Second Schedule to the Reserve Bank of India Act, 1934 vide Notification DoR.LIC.No.S7704/16.13.300/2025-26 dated January 12, 2026 and published in the Gazette of India (Part III - Section 4) dated February 03, 2026. The old and new names are as follows:

The Assam Co-operative Apex Bank Ltd has been included in the Second Schedule to the Reserve Bank of India Act, 1934 vide Notification CO.DOR.RAUG.No.S7656/07-12-000/2025-2026 dated January 12, 2026 and published in the Gazette of India (Part III - Section 4) dated January 29, 2026.

Reserve Bank of India announces the auction of Government of India Treasury Bills as per the following details:

The Reserve Bank of India has released today the draft revised Master Direction – Reserve Bank of India (Credit Derivatives) Directions, 2022. Comments on the draft revised Directions are invited from market participants, stakeholders and other interested parties by February 27, 2026.

The Reserve Bank of India today released on its website the results of the following Surveys: i) Urban Consumer Confidence Survey (UCCS) – January 2026 ii) Inflation Expectations Survey of Households (IESH) – January 2026 iii) Rural Consumer Confidence Survey (RCCS) – January 2026 iv) OBICUS Survey on manufacturing sector – Q2:2025-26 v) Industrial Outlook Survey of the Manufacturing Sector for Q3:2025-26 vi) Survey of Professional Forecasters on Macroeconomic Indicators – Round 98th vii) Bank Lending Survey for Q3:2025-26 viii) Services and Infrastructure Outlook Survey for Q3:2025-26 The Survey results are based on the feedback received from the respondents to the Surveys and do not necessarily reflect the views of the Reserve Bank of India.

1. Reserve Bank of India - Liabilities and Assets* (₹ Crore) Item 2025 2026 Variation Jan. 31 Jan. 23 Jan. 30 Week Year 1 2 3 4 5 4 Loans and Advances 4.1 Central Government 0 0 0 0 0 4.2 State Governments 19332 16817 13448 -3370 -5884 * Data are provisional; difference, if any, is due to rounding off.

The Reserve Bank had issued the Reserve Bank of India (Non-Banking Financial Companies – Branch Authorisation) Directions, 2025 (hereafter referred as the ‘Master Directions’), on November 28, 2025, which inter alia prescribes regulations on opening and closure of branches of Non-Banking Financial Companies (NBFCs). As announced in the Governor’s Statement on February 06, 2026, the Reserve Bank has today published the Reserve Bank of India (Non-Banking Financial Companies – Branch Authorisation) Amendment Directions, 2026. Consequently, relevant paragraphs of the Reserve Bank of India (Non-Banking Financial Companies - Acceptance of Public Deposits) Directions, 2025 and the Reserve Bank of India (Housing Finance Companies) Directions, 2025, shall be amended suitably.

(Amount in ₹ Crore) Auction Results 6.68% GS 2040 6.90% GS 2065 I. Notified Amount 16,000 13,000 II. Competitive Bids Received (i) Number 264 156 (ii) Amount 40,282.000 24,335.000 III. Cut-off price / Yield 95.67 92.53 (YTM: 7.1658%) (YTM: 7.4917%) IV. Competitive Bids Accepted (i) Number 118 113 (ii) Amount 15,976.010 12,975.876

6.68% GS 2040 6.90% GS 2065 I. Notified Amount ₹16,000 crore ₹13,000 crore II. Cut off Price (₹) / Implicit Yield at cut-off 95.67/7.1658% 92.53/7.4917% III. Amount accepted in the auction ₹16,000 crore ₹13,000 crore IV. Devolvement on Primary Dealers NIL NIL

In the underwriting auction conducted on February 06, 2026, for Additional Competitive Underwriting (ACU) of the undernoted Government securities, the Reserve Bank of India has set the cut-off rates for underwriting commission payable to Primary Dealers as given below: Nomenclature of the Security Notified Amount (₹crore) Minimum Underwriting Commitment (MUC) Amount (₹crore) Additional Competitive Underwriting Amount Accepted (₹crore) Total Amount underwritten (₹crore) ACU Commission Cut-off rate (Paise per ₹100) 6.68% GS 2040 16,000 8,001 7,999 16,000 0.80 6.90% GS 2065 13,000 6,510 6,490 13,000 0.92

Statement on Developmental and Regulatory Policies This Statement sets out various developmental and regulatory policy measures relating to (i) Regulations; (ii) Payments System; (iii) Financial Inclusion; (iv) Financial Markets; and (v) Capacity Building. I. Regulations 1. Advertising, Marketing and Sales of Financial Products and Services by Regulated Entities (REs)

Good morning. I welcome you all to the first policy of 2026. We are only in the second month of the new year and have already witnessed momentous actions on the geopolitical and trade-tariff fronts. 2. Amidst heightened geo-political tensions and elevated uncertainty, the Indian economy is in a good spot with strong growth and low inflation. Inflation remains below the tolerance band and its outlook continues to be benign. High frequency indicators suggest continuation of the strong growth momentum in Q3:2025-26 and beyond. With the signing of a landmark trade deal with the European Union and the US trade agreement in sight, growth momentum is likely to be sustained for a longer period.

Monetary Policy Decisions The Monetary Policy Committee (MPC) held its 59th meeting from February 4 to 6, 2026, under the chairmanship of Shri Sanjay Malhotra, Governor, Reserve Bank of India. The MPC members Dr. Nagesh Kumar, Shri Saugata Bhattacharya, Prof. Ram Singh, Dr. Poonam Gupta and Shri Indranil Bhattacharyya attended the meeting.

(Amount in ₹ Crore, Rate in Per cent) MONEY MARKETS@ Volume (One Leg) Weighted Average Rate Range A. Overnight Segment (I+II+III+IV) 6,58,580.59 4.30 0.01-5.70 I. Call Money 14,402.18 5.03 4.40-5.15 II. Triparty Repo 4,72,526.15 4.30 4.00-4.95 III. Market Repo 1,66,385.26 4.21 0.01-5.70 IV. Repo in Corporate Bond 5,267.00 4.79 4.37-5.50 B. Term Segment I. Notice Money** 121.50 5.02 4.45-5.10 II. Term Money@@ 788.00 - 5.40-5.75 III. Triparty Repo 765.00 4.74 4.55-5.09

The Reserve Bank of India (RBI) has, by an order dated February 02, 2026, imposed a monetary penalty of ₹5,000/- (Rupees Five Thousand only) on Daund Urban Co-operative Bank Limited, Daund, Pune, Maharashtra (the bank), for non-compliance with certain directions issued by RBI on ‘Credit Information Reporting’. This penalty has been imposed in exercise of powers conferred on RBI under the provisions of Section 25 read with Section 23 of the Credit Information Companies (Regulation) Act, 2005.