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Delhi Financial Governance Reforms
January 10 , 2026
16 hrs 0 min
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- The Delhi Government signed a historic MoU with the RBI.
- This brings Delhi under the RBI’s full banking, cash, and debt management framework for the first time.
- Under the MoU, RBI will act as Delhi’s banker, debt manager, and financial agent.
- The framework allows market borrowings through State Development Loans, automatic investment of surplus cash, and access to low-cost liquidity facilities.
- The Professional cash management practices will improve efficiency and reduce borrowing costs.
- The initiative strengthens fiscal discipline, transparency, and long-term financial sustainability in Delhi’s governance.
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