Banking Arrangement Comes Into Effect From January 9, 2026
The Reserve Bank of India has fixed the Ways and Means Advances (WMA) limit for the Delhi government at Rs 890 crore, effective January 9, 2026, to support the administration in managing temporary mismatches between receipts and payments.Agreement Signed for General Banking Operations
Earlier this week, the central bank entered into an agreement with the Government of the National Capital Territory of Delhi (GNCTD) to undertake the city government’s general banking business. The arrangement formally came into force on Friday, January 9, 2026.Aggregate WMA Limit Revised for States and UTs
Following the fixation of the WMA limit for Delhi, the aggregate WMA limit for all State Governments and Union Territories has been revised to Rs 61,008 crore, compared with the earlier limit of Rs 60,118 crore.About Ways and Means Advances
Ways and Means Advances are short-term funding facilities extended by the central bank to governments to help bridge temporary gaps in cash flows arising from timing differences between revenue receipts and expenditure obligations.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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