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Informist, Monday, Jan. 5, 2026

 

NEW DELHI – The Reserve Bank of India will manage the banking operations and public debt of the Delhi government starting Friday, the regulator said in a release. The central bank announced Monday that it has signed an agreement – under sub-section (1) of Section 21A of the Reserve Bank of India Act, 1934 - with the Government of National Capital Territory of Delhi (GNCTD) to takeover the said services.
 

"Under the agreement, which shall be effective from January 09, 2026, the Reserve Bank of India shall carry on the general banking business of GNCTD and manage its rupee public debt," the central bank said.  End

 

Reported by Priyasmita Dutta

Edited by Deepshikha Bhardwaj

 

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