New Delhi, Jan. 6 -- 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.

Delhi Chief Minister Rekha Gupta said that today, Delhi has taken a significant step by leaving behind decades-old financial constraints. By signing an MoU with the Reserve Bank of India, the capital has been integrated into a full and modern RBI banking framework. Through the initiative of the Delhi government and the support of the central gove...