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Jan 12, 2026
Press Releases
3rd Annual Global Conference of the College of Supervisors
 
3rd Annual Global Conference of the College of Supervisors
Jan 12, 2026
Speeches & Media Interactions
Issues and Challenges in Banking Supervision in the Digital Era (Speech by Shri Swaminathan J, Deputy Governor, Reserve Bank of India, on Friday, January 9, 2026, at the Third Annual Global Conference of the College of Supervisors, RBI, Mumbai)
 
Issues and Challenges in Banking Supervision in the Digital Era (Speech by Shri Swaminathan J, Deputy Governor, Reserve Bank of India, on Friday, January 9, 2026, at the Third Annual Global Conference of the College of Supervisors, RBI, Mumbai)
Jan 09, 2026
PRESS RELEASES
Ways and Means Advances for State Governments/ UTs
 
Ways and Means Advances for State Governments/ UTs
Jan 09, 2026
Speeches & Media Interactions
Regulation and Supervision – Adapting to the Digital Age - Keynote Address by Shri Sanjay Malhotra, Governor, Reserve Bank of India at the Third Annual Global Conference of the College of Supervisors, Mumbai, January 9, 2026
 
Regulation and Supervision – Adapting to the Digital Age - Keynote Address by Shri Sanjay Malhotra, Governor, Reserve Bank of India at the Third Annual Global Conference of the College of Supervisors, Mumbai, January 9, 2026
Jan 08, 2026
Press Releases
RBI invites public comments on the Draft Reserve Bank of India (Urban Co-operative Banks - Governance) Amendment Directions, 2026 and Draft Reserve Bank of India (Rural Co-operative Banks - Governance) Amendment Directions, 2026
 
RBI invites public comments on the Draft Reserve Bank of India (Urban Co-operative Banks - Governance) Amendment Directions, 2026 and Draft Reserve Bank of India (Rural Co-operative Banks - Governance) Amendment Directions, 2026
Jan 06, 2026
Press Releases
RBI invites comments on the draft “Reserve Bank of India (Prudential Norms on Dividend and Remittance of Profit) Directions, 2026”
 
RBI invites comments on the draft “Reserve Bank of India (Prudential Norms on Dividend and Remittance of Profit) Directions, 2026”
Jan 06, 2026
Press Releases
Supervisory Data Quality Index for Scheduled Commercial Banks (September 2025)
 
Supervisory Data Quality Index for Scheduled Commercial Banks (September 2025)
Jan 05, 2026
Press Releases
Governor, Reserve Bank of India meets Managing Directors & Chief Executive Officers of select NBFCs, HFCs and Industry Representatives in Mumbai on January 5, 2026
 
Governor, Reserve Bank of India meets Managing Directors & Chief Executive Officers of select NBFCs, HFCs and Industry Representatives in Mumbai on January 5, 2026
Jan 05, 2026
Press Releases
1st Meeting of Payments Regulatory Board
 
1st Meeting of Payments Regulatory Board
Jan 05, 2026
Press Releases
Agreement with Government of National Capital Territory of Delhi
 
Agreement with Government of National Capital Territory of Delhi
Jan 05, 2026
Press Releases
RBI issues Amendment Directions on Lending to Related Parties by Regulated Entities
 
RBI issues Amendment Directions on Lending to Related Parties by Regulated Entities
Jan 02, 2026
Press Releases
Indicative Calendar of Market borrowings by State Governments/ Union Territories for the Quarter January – March 2026
 
Indicative Calendar of Market borrowings by State Governments/ Union Territories for the Quarter January – March 2026
Jan 01, 2026
Press Releases
Processing of Applications Received Under the Citizen’s Charter – Status as on December 31, 2025
 
Processing of Applications Received Under the Citizen’s Charter – Status as on December 31, 2025
Jan 01, 2026
Press Releases
Withdrawal of ₹2000 Denomination Banknotes – Status
 
Withdrawal of ₹2000 Denomination Banknotes – Status
Jan 01, 2026
Press Releases
RBI’s Official Podcast - RBI Talks: Paisa to Policy
 
RBI’s Official Podcast - RBI Talks: Paisa to Policy
Jan 01, 2026
Press Releases
RBI issues Amendment Directions on risk weighting framework for exposure of NBFCs to infrastructure projects
 
RBI issues Amendment Directions on risk weighting framework for exposure of NBFCs to infrastructure projects
Dec 31, 2025
Press Releases
India’s International Investment Position (IIP), September 2025
 
India’s International Investment Position (IIP), September 2025
Dec 31, 2025
Press Releases
RBI releases the Financial Stability Report, December 2025
 
RBI releases the Financial Stability Report, December 2025
Dec 30, 2025
Press Releases
RBI announces OMO Purchase of Government of India Securities
 
RBI announces OMO Purchase of Government of India Securities
Dec 29, 2025
Press Releases
Calendar for Auction of Government of India Treasury Bills
 
Calendar for Auction of Government of India Treasury Bills
Dec 29, 2025
Press Releases
RBI releases “Statistical Tables relating to Banks in India: 2024-25”
 
RBI releases “Statistical Tables relating to Banks in India: 2024-25”
Dec 29, 2025
Press Releases
Report on Trend and Progress of Banking in India 2024-25
 
Report on Trend and Progress of Banking in India 2024-25
Dec 24, 2025
Press Releases
RBI to inject liquidity through long term USD/INR Buy/Sell Swap auction
 
RBI to inject liquidity through long term USD/INR Buy/Sell Swap auction
Dec 24, 2025
Notifications
Continuous Clearing and Settlement on Realisation in Cheque Truncation System: Phase 2
 
Continuous Clearing and Settlement on Realisation in Cheque Truncation System: Phase 2
Dec 23, 2025
Press Releases
RBI announces OMO Purchase of Government of India Securities
 
RBI announces OMO Purchase of Government of India Securities
Dec 23, 2025
Press Releases
RBI Announces Measures to Manage Liquidity Conditions
 
RBI Announces Measures to Manage Liquidity Conditions
Dec 22, 2025
Press Releases
RBI Bulletin – December 2025
 
RBI Bulletin – December 2025
Dec 19, 2025
Press Releases
Minutes of the Monetary Policy Committee Meeting, December 3 to 5, 2025
 
Minutes of the Monetary Policy Committee Meeting, December 3 to 5, 2025
Dec 19, 2025
Press Releases
620th Meeting of Central Board of the Reserve Bank of India
 
620th Meeting of Central Board of the Reserve Bank of India
Dec 12, 2025
Speeches & Media Interactions
Stablecoins – Do They Have a Role in the Financial System - Keynote address delivered by Deputy Governor Shri T Rabi Sankar at the Mint Annual BFSI Conclave 2025 on December, 12, 2025 in Mumbai
 
Stablecoins – Do They Have a Role in the Financial System - Keynote address delivered by Deputy Governor Shri T Rabi Sankar at the Mint Annual BFSI Conclave 2025 on December, 12, 2025 in Mumbai
Dec 12, 2025
Press Releases
RBI announces OMO Purchase of Government of India Securities
 
RBI announces OMO Purchase of Government of India Securities
Dec 11, 2025
PRESS RELEASES
RBI issues Amendment Directions on Maintenance of Cash Credit Accounts, Current Accounts and Overdraft Accounts by Banks
 
RBI issues Amendment Directions on Maintenance of Cash Credit Accounts, Current Accounts and Overdraft Accounts by Banks
Dec 11, 2025
PRESS RELEASES
RBI releases “Handbook of Statistics on Indian States, 2024-25”
 
RBI releases “Handbook of Statistics on Indian States, 2024-25”
Dec 09, 2025
Press Releases
Governor, Reserve Bank of India meets MD & CEOs of Public Sector Banks and Private Sector Banks
 
Governor, Reserve Bank of India meets MD & CEOs of Public Sector Banks and Private Sector Banks
Dec 09, 2025
Press Releases
RBI releases Draft Circular on Disclosure of Transaction Cost for Foreign Exchange Transactions
 
RBI releases Draft Circular on Disclosure of Transaction Cost for Foreign Exchange Transactions
Dec 08, 2025
Press Releases
RBI Issues Master Direction – Reserve Bank of India (Rupee Interest Rate Derivatives) Directions, 2025
 
RBI Issues Master Direction – Reserve Bank of India (Rupee Interest Rate Derivatives) Directions, 2025
Dec 08, 2025
Press Releases
RBI to inject liquidity through long term USD/INR Buy/Sell Swap auction
 
RBI to inject liquidity through long term USD/INR Buy/Sell Swap auction
Dec 05, 2025
Press Releases
RBI grants ‘In-principle’ Approval to Fino Payments Bank Limited for conversion into a Small Finance Bank
 
RBI grants ‘In-principle’ Approval to Fino Payments Bank Limited for conversion into a Small Finance Bank
Dec 05, 2025
Press Releases
RBI announces OMO Purchase of Government of India Securities
 
RBI announces OMO Purchase of Government of India Securities
Dec 05, 2025
Press Releases
RBI releases the results of Forward Looking Surveys
 
RBI releases the results of Forward Looking Surveys
Dec 05, 2025
Press Releases
RBI issues Amendment Directions for Reserve Bank of India (Undertaking of Financial Services) Directions, 2025
 
RBI issues Amendment Directions for Reserve Bank of India (Undertaking of Financial Services) Directions, 2025
Dec 05, 2025
NOTIFICATIONS
Penal Interest on shortfall in CRR and SLR requirements - Change in Bank Rate
 
Penal Interest on shortfall in CRR and SLR requirements - Change in Bank Rate
Dec 05, 2025
NOTIFICATIONS
Standing Liquidity Facility for Primary Dealers
 
Standing Liquidity Facility for Primary Dealers
Dec 05, 2025
PRESS RELEASES
RBI Announces Measures to Manage Liquidity Conditions
 
RBI Announces Measures to Manage Liquidity Conditions
Dec 05, 2025
PRESS RELEASES
Governor’s Statement: December 05, 2025
 
Governor’s Statement: December 05, 2025
Dec 05, 2025
PRESS RELEASES
Monetary Policy Statement, 2025-26 Resolution of the Monetary Policy Committee December 3 to 5, 2025
 
Monetary Policy Statement, 2025-26 Resolution of the Monetary Policy Committee December 3 to 5, 2025
Dec 04, 2025
Press Releases
RBI issues Amendments to Large Exposures Framework (LEF) and Intragroup Transactions and Exposures
 
RBI issues Amendments to Large Exposures Framework (LEF) and Intragroup Transactions and Exposures
Dec 04, 2025
Press Releases
RBI issues Amendment Directions for Repeal of Market Mechanism Framework
 
RBI issues Amendment Directions for Repeal of Market Mechanism Framework
Dec 04, 2025
Press Releases
RBI issues Amendments to Gold Metal Loan (GML) Scheme
 
RBI issues Amendments to Gold Metal Loan (GML) Scheme
Dec 04, 2025
Press Releases
RBI issues Amendment Directions on Business Authorization for Co-operative Banks
 
RBI issues Amendment Directions on Business Authorization for Co-operative Banks
Dec 04, 2025
Press Releases
RBI issues Amendment Directions to amend Credit Information Reporting Directions, 2025
 
RBI issues Amendment Directions to amend Credit Information Reporting Directions, 2025
Dec 04, 2025
Press Releases
RBI issues Amendment Directions to amend Responsible Business Conduct Directions, 2025
 
RBI issues Amendment Directions to amend Responsible Business Conduct Directions, 2025
Dec 02, 2025
Press Releases
RBI releases 2025 list of Domestic Systemically Important Banks (D-SIBs)
 
RBI releases 2025 list of Domestic Systemically Important Banks (D-SIBs)
Dec 01, 2025
Press Releases
RBI releases Annual Report of Ombudsman Scheme, 2024-25
 
RBI releases Annual Report of Ombudsman Scheme, 2024-25
Dec 01, 2025
Press Releases
Withdrawal of ₹2000 Denomination Banknotes – Status
 
Withdrawal of ₹2000 Denomination Banknotes – Status
Dec 01, 2025
Press Releases
RBI appoints Smt. Usha Janakiraman as new Executive Director
 
RBI appoints Smt. Usha Janakiraman as new Executive Director
Dec 01, 2025
Press Releases
Sources of Variation in India’s Foreign Exchange Reserves during April-September 2025
 
Sources of Variation in India’s Foreign Exchange Reserves during April-September 2025
Dec 01, 2025
Press Releases
Developments in India’s Balance of Payments during the Second Quarter (July-September) of 2025-26
 
Developments in India’s Balance of Payments during the Second Quarter (July-September) of 2025-26
Dec 01, 2025
Press Releases
Processing of Applications Received Under the Citizen’s Charter – Status as on November 30, 2025
 
Processing of Applications Received Under the Citizen’s Charter – Status as on November 30, 2025
Dec 01, 2025
Press Releases
National Strategy for Financial Inclusion (NSFI): 2025-30
 
National Strategy for Financial Inclusion (NSFI): 2025-30
Dec 01, 2025
Speeches & Media Interactions
Reading the Pitch: Banking Strategies for a Long Innings - Speech by Shri Swaminathan J, Deputy Governor at “Success Through Synergy” an annual banking event organised by Standard Chartered Bank on November 28, 2025
 
Reading the Pitch: Banking Strategies for a Long Innings - Speech by Shri Swaminathan J, Deputy Governor at “Success Through Synergy” an annual banking event organised by Standard Chartered Bank on November 28, 2025
Nov 28, 2025
Press Releases
RBI issues Reserve Bank of India (Digital Banking Channels Authorisation) Directions, 2025
 
RBI issues Reserve Bank of India (Digital Banking Channels Authorisation) Directions, 2025
Nov 28, 2025
Press Releases
Reserve Bank of India issues Consolidated Master Directions
 
Reserve Bank of India issues Consolidated Master Directions
Nov 28, 2025
Press Releases
Quarterly Basic Statistical Return (BSR)-1 on Credit by Scheduled Commercial Banks – September 2025
 
Quarterly Basic Statistical Return (BSR)-1 on Credit by Scheduled Commercial Banks – September 2025
Nov 28, 2025
Press Releases
Quarterly Basic Statistical Return (BSR)-2 on Deposits with Scheduled Commercial Banks - September 2025
 
Quarterly Basic Statistical Return (BSR)-2 on Deposits with Scheduled Commercial Banks - September 2025
Nov 28, 2025
Speeches & Media Interactions
Micro Matters, Macro Momentum: Microfinance for Viksit Bharat - Speech by Shri Swaminathan J, Deputy Governor at the MFIN event at Mumbai on November 14, 2025
 
Micro Matters, Macro Momentum: Microfinance for Viksit Bharat - Speech by Shri Swaminathan J, Deputy Governor at the MFIN event at Mumbai on November 14, 2025
Nov 26, 2025
Speeches & Media Interactions
Timely and Topical Statistics for Agile Policy Making - Speech by Dr. Poonam Gupta, Deputy Governor, Reserve Bank of India delivered at the Pre-release Consultative Workshop on Base Revision of Consumer Price Index (CPI), Gross Domestic Product (GDP) and Index of Industrial Production (IIP) at Mumbai on November 26, 2025
 
Timely and Topical Statistics for Agile Policy Making - Speech by Dr. Poonam Gupta, Deputy Governor, Reserve Bank of India delivered at the Pre-release Consultative Workshop on Base Revision of Consumer Price Index (CPI), Gross Domestic Product (GDP) and Index of Industrial Production (IIP) at Mumbai on November 26, 2025
Nov 24, 2025
Press Releases
RBI Bulletin – November 2025
 
RBI Bulletin – November 2025
Nov 24, 2025
Press Releases
Performance of Private Corporate Business Sector during Q2:2025-26
 
Performance of Private Corporate Business Sector during Q2:2025-26
Nov 21, 2025
Press Releases
Interlinking of Unified Payments Interface (UPI) with the TARGET Instant Payment Settlement (TIPS) of the Eurosystem
 
Interlinking of Unified Payments Interface (UPI) with the TARGET Instant Payment Settlement (TIPS) of the Eurosystem
Nov 20, 2025
Speeches & Media Interactions
Regulation by RBI: Some Reflections - Lecture delivered by Shri Sanjay Malhotra, Governor, Reserve Bank of India at the Second V.K.R.V. Rao Memorial Lecture, Delhi School of Economics, New Delhi, November 20, 2025
 
Regulation by RBI: Some Reflections - Lecture delivered by Shri Sanjay Malhotra, Governor, Reserve Bank of India at the Second V.K.R.V. Rao Memorial Lecture, Delhi School of Economics, New Delhi, November 20, 2025
Nov 19, 2025
Press Releases
RBI updates the Alert List of unauthorised forex trading platforms
 
RBI updates the Alert List of unauthorised forex trading platforms
Nov 14, 2025
Press Releases
Trade Relief Measures
 
Trade Relief Measures
Nov 14, 2025
Speeches & Media Interactions
Central Bank Accounting Practices: The Reserve Bank of India and Global Approaches - Keynote Address delivered by Shri Shirish Chandra Murmu, Deputy Governor, Reserve Bank of India on November 14, 2025, at first International Conference on Central Bank Accounting Practices organised by Reserve Bank of India jointly with the SEACEN Centre in Mumbai
 
Central Bank Accounting Practices: The Reserve Bank of India and Global Approaches - Keynote Address delivered by Shri Shirish Chandra Murmu, Deputy Governor, Reserve Bank of India on November 14, 2025, at first International Conference on Central Bank Accounting Practices organised by Reserve Bank of India jointly with the SEACEN Centre in Mumbai
Nov 11, 2025
Speeches & Media Interactions
Where Governance Intent is Strong, Regulatory Gaps and Overlaps Fade - Remarks by Shri Swaminathan J, Deputy Governor, Reserve Bank of India, on Friday, November 7, 2025, at the Gatekeepers of Governance Summit in Mumbai
 
Where Governance Intent is Strong, Regulatory Gaps and Overlaps Fade - Remarks by Shri Swaminathan J, Deputy Governor, Reserve Bank of India, on Friday, November 7, 2025, at the Gatekeepers of Governance Summit in Mumbai
Nov 11, 2025
Press Releases
Recognition of Self-Regulatory Organisation for Payment System Operators
 
Recognition of Self-Regulatory Organisation for Payment System Operators
Nov 10, 2025
Speeches & Media Interactions
Transformational Technologies and Banking: Key Issues - Keynote Address delivered by Shri T Rabi Sankar, Deputy Governor, Reserve Bank of India at the 12th SBI Banking & Economics Conclave - 2025 in Mumbai on November 7, 2025
 
Transformational Technologies and Banking: Key Issues - Keynote Address delivered by Shri T Rabi Sankar, Deputy Governor, Reserve Bank of India at the 12th SBI Banking & Economics Conclave - 2025 in Mumbai on November 7, 2025
Nov 07, 2025
PRESS RELEASES
India: Financial Sector Assessment Program, 2024
 
India: Financial Sector Assessment Program, 2024
Nov 07, 2025
Speeches & Media Interactions
The Evolving Facets of Regulations - Keynote Address by Shri Sanjay Malhotra, Governor, Reserve Bank of India at the 12th SBI Banking & Economics Conclave - 2025, Mumbai, November 7, 2025
 
The Evolving Facets of Regulations - Keynote Address by Shri Sanjay Malhotra, Governor, Reserve Bank of India at the 12th SBI Banking & Economics Conclave - 2025, Mumbai, November 7, 2025
Nov 01, 2025
Press Releases
Processing of Applications Received Under the Citizen’s Charter – Status as on October 31, 2025
 
Processing of Applications Received Under the Citizen’s Charter – Status as on October 31, 2025
Nov 01, 2025
Press Releases
Withdrawal of ₹2000 Denomination Banknotes – Status
 
Withdrawal of ₹2000 Denomination Banknotes – Status
Oct 31, 2025
Press Releases
619th Meeting of Central Board of the Reserve Bank of India
 
619th Meeting of Central Board of the Reserve Bank of India
Oct 29, 2025
Speeches and Media Interactions
Policy Frameworks for Economic Resilience: The case of Emerging Markets and India (Address by Dr. Poonam Gupta, Deputy Governor, Reserve Bank of India - October 29, 2025 - Delivered at the Business Standard BFSI Insight Summit, Mumbai)
 
Policy Frameworks for Economic Resilience: The case of Emerging Markets and India (Address by Dr. Poonam Gupta, Deputy Governor, Reserve Bank of India - October 29, 2025 - Delivered at the Business Standard BFSI Insight Summit, Mumbai)
Oct 28, 2025
Notifications
Reserve Bank of India (Nomination Facility in Deposit Accounts, Safe Deposit Lockers and Articles kept in Safe Custody with the Banks) Directions, 2025
 
Reserve Bank of India (Nomination Facility in Deposit Accounts, Safe Deposit Lockers and Articles kept in Safe Custody with the Banks) Directions, 2025
Oct 27, 2025
Press Releases
30th Meeting of the Standing Advisory Committee (SAC) to Review the Flow of Credit to the MSME Sector
 
30th Meeting of the Standing Advisory Committee (SAC) to Review the Flow of Credit to the MSME Sector
Oct 24, 2025
Press Releases
RBI issues Draft Directions pursuant to Policy Announcement
 
RBI issues Draft Directions pursuant to Policy Announcement
Oct 23, 2025
Press Releases
Reserve Bank of India launches its Fourth Global Hackathon – HaRBInger 2025
 
Reserve Bank of India launches its Fourth Global Hackathon – HaRBInger 2025
Oct 23, 2025
Press Releases
RBI releases Draft circular on Unique Transaction Identifier for OTC Derivative Transactions in India
 
RBI releases Draft circular on Unique Transaction Identifier for OTC Derivative Transactions in India
Oct 23, 2025
Press Releases
RBI publishes Payment System Report, June 2025
 
RBI publishes Payment System Report, June 2025
Oct 20, 2025
Press Releases
RBI Bulletin – October 2025
 
RBI Bulletin – October 2025
Oct 16, 2025
Speeches and Media Interactions
Opening Remarks by Shri. Sanjay Malhotra, Governor, Reserve Bank of India at the High-Level Dialogue on Forging Economic Resilience through Digital Public Platforms - Washington, D.C. - October 14, 2025
 
Opening Remarks by Shri. Sanjay Malhotra, Governor, Reserve Bank of India at the High-Level Dialogue on Forging Economic Resilience through Digital Public Platforms - Washington, D.C. - October 14, 2025
Oct 16, 2025
PRESS RELEASES
High-Level Dialogue on Forging Economic Resilience through Digital Public Platforms October 14, 2025 - Washington, D.C.
 
High-Level Dialogue on Forging Economic Resilience through Digital Public Platforms October 14, 2025 - Washington, D.C.
Oct 15, 2025
Press Releases
Minutes of the Monetary Policy Committee Meeting, September 29, 30 and October 1, 2025
 
Minutes of the Monetary Policy Committee Meeting, September 29, 30 and October 1, 2025
Oct 15, 2025
Speeches and Media Interactions
Inclusion is Innovation’s Highest Purpose: Lessons from India [Address by Shri Swaminathan J, Deputy Governor, Reserve Bank of India at the World Savings and Retail Banking Institute (WSBI) Study Visit to State Bank of India (SBI) under the theme ‘Advancing Financial Inclusion Through Digital Innovation’ on Monday, October 6, 2025]
 
Inclusion is Innovation’s Highest Purpose: Lessons from India [Address by Shri Swaminathan J, Deputy Governor, Reserve Bank of India at the World Savings and Retail Banking Institute (WSBI) Study Visit to State Bank of India (SBI) under the theme ‘Advancing Financial Inclusion Through Digital Innovation’ on Monday, October 6, 2025]
Oct 13, 2025
Press Releases
Facilitation of External Trade and Payments – Amendment to Regulations
 
Facilitation of External Trade and Payments – Amendment to Regulations
Oct 11, 2025
Press Releases
RBI appoints Smt. Sonali Sen Gupta as new Executive Director
 
RBI appoints Smt. Sonali Sen Gupta as new Executive Director
Oct 10, 2025
PRESS RELEASES
Consolidation of Regulations – Drafts for comments
 
Consolidation of Regulations – Drafts for comments
Oct 10, 2025
Speeches and Media Interactions
Driving Inclusive and Sustainable Growth Through Digital Public Infrastructure and FinTech Keynote Address by Shri Sanjay Malhotra, Governor, Reserve Bank of India October 8, 2025 at the Global Fintech Fest 2025, Mumbai
 
Driving Inclusive and Sustainable Growth Through Digital Public Infrastructure and FinTech Keynote Address by Shri Sanjay Malhotra, Governor, Reserve Bank of India October 8, 2025 at the Global Fintech Fest 2025, Mumbai
Oct 09, 2025
PRESS RELEASES
Portfolios of Deputy Governors
 
Portfolios of Deputy Governors
Oct 09, 2025
PRESS RELEASES
Shri Shirish Chandra Murmu takes over as RBI Deputy Governor
 
Shri Shirish Chandra Murmu takes over as RBI Deputy Governor

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