The Reserve Bank of India will assume responsibility for the Delhi government’s banking operations and rupee public debt from January 9, 2026.
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The Reserve Bank of India (RBI) will take over the general banking operations and public debt management of the Delhi government starting January 9, 2026, the central bank announced on Monday.
In an official notification, the RBI said it has entered into an agreement with the Government of National Capital Territory of Delhi (GNCTD) under sub-section (1) of Section 21A of the Reserve Bank of India Act, 1934.
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“Reserve Bank of India has entered into 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). 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 memo said.
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