RBI to establish regional office in Amaravati

In a significant boost to the development of Amaravati, the Reserve Bank of India (RBI) has completed an agreement to establish its regional office in the capital region.

The RBI has purchased 3 acres of land at Nelapadu village for ₹12 crore from the State government. The new regional office will be developed in approximately 1.6 lakh square feet, with an overall investment exceeding ₹200 crore to strengthen its operational capabilities and services in the region.

The agreement was formalised in the presence of Roopa V.C., Assistant General Manager, RBI, and David Raju, Joint Director (Estates), APCRDA, who exchanged the agreement on behalf of their respective institutions.

“This milestone marks a key step in expanding RBI’s presence in Amaravati, while contributing to the city’s growth and infrastructure development,” a press release said.