Access to institutional finance: PMMY provides collateral-free loans to micro-enterprises and reports increased sanctioned loans.
Pradhan Mantri Mudra Yojana provides collateral-free institutional credit through Member Lending Institutions (scheduled commercial banks, NBFCs and MFIs) to new or existing micro units for income-generating activities across manufacturing, trading, services and allied agriculture. Loans are categorised as Shishu, Kishore and Tarun. Reported sanctioned loans rose from 5,37,95,526 in FY 2021-22 to 6,23,10,598 in FY 2022-23. Complaints are taken up with respective banks and CPGRAMS referrals are used to seek redress within prescribed timelines.

Fiscal receipts and expenditure review shows increased devolution to states and high revenue obligations for the central government.
Consolidated fiscal review to June 2023 reports receipts composition-tax revenue (net), non tax revenue and non debt capital receipts-and quantifies transfers to State Governments as devolution of share of taxes. Expenditure is presented by revenue and capital accounts, with revenue expenditure highlighting interest payments and major subsidies, and the statement compares actual flows to corresponding budget estimates for 2023-24.

White Label ATMs expand non-bank deployment to increase ATM penetration, with expanded cash sourcing and service permissions.
White Label ATMs are authorised for non-bank ownership and operation to increase ATM penetration and may provide cash withdrawal plus services like account information, cash deposit, bill payment, mini statement generation, PIN change and cheque-book requests. Regulatory measures permit WLA operators to source cash from retail outlets, buy wholesale cash directly from Reserve Bank offices and currency chests above thresholds, source cash from scheduled banks, offer bill payment and interoperable cash deposit services, display non-financial advertisements, and enable co-branded bank cards with on-us transactions; on-tap authorisation has been introduced and consumer complaints are handled by the Reserve Bank's CEPCs.

High-denomination banknote withdrawal phases out a long-circulated note due to lifecycle concerns and public dispreference.
Withdrawal of Rs2000 denomination banknotes was effected pursuant to findings that most notes were issued before March 2017 and have reached the end of their useful life, and that public surveys show the denomination is no longer preferred for transactions. The action, taken under the RBI's Clean Note Policy, notes that substantial volumes have been returned since the withdrawal notice and that the supply of other denominations is adequate to meet public currency needs.

Climate-related financial risks must prompt central banks to require disclosures, stress testing and supervisory action.
Climate change creates systemic threats to monetary stability and regulated entities via physical risks (extreme weather harming operations and collateral values) and transition risks (sudden repricing of carbon intensive assets and greenwashing). Central banks should require standardised, forward looking disclosures, develop data and vulnerability mapping, and implement scenario analysis and climate stress testing. Leveraging their supervisory mandate, central banks can integrate climate risks into regulatory frameworks, incentivise green finance, support market infrastructure such as sovereign green bonds and green deposits, and promote capacity building and international cooperation to manage cross border financial risks.

Depositor Education and Awareness Fund transfers support bank refunds of unclaimed deposits and centralised search for claimants.
The Depositor Education and Awareness Fund Scheme, 2014 governs unclaimed deposits and allows RBI specified utilisation; substantial transfers from the DEA Fund have been made to banks to settle refunds. RBI directed banks to publish lists of long inactive accounts, trace customers and heirs, adopt board approved classification policies, maintain grievance redressal and record keeping, and carry out periodic reviews. RBI also announced a centralised web portal for searching unclaimed deposits across banks and launched a targeted campaign for tracing and settling top unclaimed deposits.

Government securities auction: multiple tenor issues offered via uniform and multiple price methods, with non competitive allocation and specified submission windows.
The Government of India announced auctions for three government securities with specified auction methods-price based (uniform and multiple price) and yield based (uniform price)-and notified amounts, with an option to retain additional subscriptions. Up to 5% of each notified amount is reserved for eligible applicants under the Non Competitive Bidding Facility. Bids must be submitted electronically via the Reserve Bank of India's E Kuber system within prescribed non competitive and competitive windows; auction results and payment dates are set and the securities are eligible for When Issued trading under RBI guidelines.

Fintech regulation: require activity based parity and responsible, scalable innovation prioritising consumer protection and data security.
Fintech delivery of traditional financial products requires regulation aligned to the activity performed rather than legal form, with firms embedding regulatory compliance, consumer protection, and financial integrity into business models. The RBI supports innovation through a FinTech Department, Innovation Hub, regulatory sandboxes, frameworks for Account Aggregators and P2P lending, global hackathons, and Rupee CBDC pilots to test architectures and use cases. Fintechs are urged to prioritise consumer protection, data protection, cybersecurity, governance, and compliance, and to engage in structured dialogue with regulators and incumbents to ensure scalable, interoperable, and responsible innovation.

Card network neutrality: issuers must offer multi-network cards and permit customer selection under draft regulatory circular.
The draft RBI circular mandates that card issuers (banks and non-banks) issue debit, credit and prepaid cards on more than one card network and provide customers the facility to choose among those networks. It forbids contractual arrangements that limit issuers' ability to tie up with other card networks, aiming to prevent exclusivity or tying clauses and to promote customer choice and interoperability. The draft is open for stakeholder comments before finalisation.

Government securities auction: re-issues offered via uniform and multiple price methods with reserved non-competitive allotment.
Re-issues of four central government dated securities will be sold by scheduled auctions: three via the uniform price method and one via the multiple price method, with an option for additional subscription against each security. Up to five percent of each notified amount is reserved for eligible participants under the non-competitive bidding facility. Competitive and non-competitive electronic bids must be submitted on the core banking auction platform within prescribed time windows on the auction date. Auction results will be announced on the auction date and payment by successful bidders will follow on the scheduled settlement date. Securities qualify for when-issued trading under existing guidelines.

Statistics in monetary policy: data, surveys and AI guide forward-looking forecasts and communicate uncertainty for policy calibration.
Statistics underpin monetary policy by supplying backward- and forward-looking evidence to manage uncertainty, calibrate trade-offs between growth and inflation, and inform the policy reaction function. The RBI employs a full-information framework combining external sector and corporate finance databases with forward-looking household and enterprise surveys. A three-stage forecasting process-nowcasting, near-term full-information forecasts, and macro-model-based longer-term projections-uses fan charts for uncertainty communication. Increasing incorporation of AI and big-data sources creates high-frequency indicators that complement traditional statistics and improve policy responsiveness.

Treasury bill issuance schedule establishes auction dates and tenors while allowing government flexibility to revise amounts and timing.
The notification sets a quarterly auction calendar for issuance of 91-, 182- and 364-day Treasury Bills with specified auction and issue dates and aggregate notified amounts, while preserving Government and Reserve Bank flexibility to modify amounts and timing in response to cash management needs and market conditions, subject to prior notice and the terms of the General Notification.