Delhi Government Signs Agreement with RBI to Strengthen Financial Management

The Delhi government has signed a historic agreement with the Reserve Bank of India (RBI) under which the RBI will act as the official banker for the National Capital Territory, taking responsibility for managing public finances including rupee-denominated debt and cash flows, officials confirmed. The move is expected to improve fiscal discipline, reduce borrowing costs, and support long-term infrastructure initiatives such as water supply improvements, traffic system upgrades, and environmental projects along the Yamuna, while government leaders described the arrangement as a significant step toward professionalised financial management and sustainable budgeting for the capital.