What happened
The Reserve Bank of India (RBI) published the Scheduled Banks’ Statement of Position in India as on 30 September 2026 on 15 October 2026. The statement is a periodic snapshot of how scheduled banks stand in the banking system.
The notes to the statement explain how some figures are compiled. For scheduled commercial banks, the numbers for what they have borrowed from the RBI and what they hold with it are lifted from the RBI’s own statement of affairs.
Loans taken against usance bills (bills payable after a fixed period) or promissory notes come under the RBI Act, 1934, specifically its Section 17(4)(c).
What it means for you
This is a statistical release, not a policy move, so it does not change deposit or loan rates. It matters mainly to those who track liquidity, meaning how much money is available in the banking system.
The notes also tell readers where to look for central bank borrowing. Transactions under the repo rate window, Term Repo and the Marginal Standing Facility (MSF) are reflected under ‘Borrowings from RBI’. Repo is short-term borrowing from the RBI against securities, and MSF is an emergency borrowing window for banks.
Background
The classification follows a change in accounting practice for Liquidity Adjustment Facility (LAF) transactions, effective 11 July 2014. It was made on the recommendations of the Malegam Committee, which was formed to review the format of the RBI’s balance sheet and profit and loss account.
For related coverage, see our report on the RBI’s ₹25,000 crore bond sale in an open market operation.
