Thursday, May 14, 2026 | 12:35 AM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch
What is Reserve Bank of India (RBI)

Reserve Bank of India

About Reserve Bank of India

What is Reserve Bank of India (RBI)

The Reserve Bank of India (RBI) is the central bank of India whose primary function is to manage and govern the financial system of the country. It is a statutory body established in the year 1935 under the Reserve Bank of India Act, 1934. The central bank regulates the issue and supply of the Indian rupee. It also looks after the central government’s money. The central bank plays the role of the bankers’ bank and regulates the banking sector. It also plays an important role in India’s development story by supporting the government in its developmental projects and policies.
 
The head
...
Read More

Latest Updates on Reserve Bank of India

RBI may pay highest-ever dividend to help Centre tackle West Asia crisis

Last year the RBI made a record dividend payout of ₹2.69 lakh crore to the central government for 2024-25, 27 per cent higher than ₹2.11 lakh crore transferred in the previous year

Image
Updated On : 13 May 2026 | 11:20 PM IST

MPC to look through West Asia shock if it's transitory: RBI Governor

Coordination with fiscal policy becomes critical amid 'supply shock as bad as it is', says Malhotra

Image
Updated On : 13 May 2026 | 10:53 PM IST

Rupee weakens to record closing low, approaches 96 against the dollar

Persistent importer demand, elevated crude oil prices and West Asia tensions pushed the rupee to a record closing low despite RBI intervention

Image
Updated On : 13 May 2026 | 10:39 PM IST

RBI eases rules for outward remittances; drops prior approval for non-banks

The central bank has issued an operating framework for facilitating outward remittance services by non-bank entities through Authorised Dealer (Category I) banks in India

Image
Updated On : 13 May 2026 | 8:54 PM IST

Gold curbs to IMF loans: How India protected its forex reserves in past

PM Modi's austerity appeal recalls how India used gold curbs, NRI deposits, bonds, and IMF loans to protect forex reserves in past crises

Image
Updated On : 12 May 2026 | 1:25 PM IST

Govt mulling emergency measures to protect foreign-exchange reserves

Officials in the Prime Minister's Office and Finance Ministry have held discussions with the Reserve Bank of India on several measures that could be taken to limit the damage from soaring oil prices

Image
Updated On : 12 May 2026 | 10:46 AM IST

RBI steps in to support rupee as Iran war, PM Modi's remarks spook traders

The renewed pressure on Indian markets came after US President Donald Trump on Sunday rejected Iran's response to a US proposal for peace talks to end the war

Image
Updated On : 11 May 2026 | 11:17 AM IST

RBI should dial back rupee intervention, says former Guv Subbarao

Subbarao said raising interest rates, the "ultimate" exchange rate defence, should be the last resort, as the markets could read it as a sign the conflict poses a bigger threat to India's economy

Image
Updated On : 11 May 2026 | 10:33 AM IST

RBI employee protest over new promotion policy to continue this week

The RBI Officers' Association has opposed the central bank's new promotion policy, citing delayed career progression, stagnation and lack of manpower planning

Image
Updated On : 10 May 2026 | 11:42 PM IST

India's forex kitty drops by $7.79 billion to $690.693 billion: RBI

India's forex reserves dropped by USD 7.794 billion to USD 690.693 billion during the week ended May 1, the RBI said on Friday.

Image
Updated On : 08 May 2026 | 11:09 PM IST

Rupee settles lower at 94.48 against US dollar in choppy trade

The rupee settled weaker against the US dollar amid renewed tensions in West Asia, while RBI intervention helped curb further losses in the domestic currency

Image
Updated On : 08 May 2026 | 11:03 PM IST

ATM cassette-swap rollout delayed again as banks go big on cash recyclers

Banks are deploying more cash recycling machines that allow deposits and withdrawals, reducing reliance on standalone ATMs and slowing the transition to cassette-swap cash loading systems

Image
Updated On : 08 May 2026 | 5:34 PM IST

Kotak Mahindra Bank gets RBI nod to buy 9.99% each in AU SFB, Federal Bank

RBI clears Kotak Mahindra Bank to acquire up to 9.99% stake each in AU Small Finance Bank and Federal Bank through aggregate holdings

Image
Updated On : 07 May 2026 | 10:51 PM IST

Prioritise energy security to sustain growth momentum: RBI MPC member

Kumar said that India imports a significant portion of its crude oil and natural gas requirements, making it highly sensitive to geopolitical developments in West Asia

Image
Updated On : 05 May 2026 | 10:57 PM IST

India may consider lower inflation target, narrower band: RBI Deputy Guv

The government, after consultation with the RBI, has notified the inflation target framework for a five year period through March 31, 2031

Image
Updated On : 05 May 2026 | 6:41 PM IST

India's cash withdrawals surge 12% in first half of April, RBI data shows

The surge, if it persists, could pose a challenge for surplus liquidity in the banking system, which the central bank has tried to maintain to support economic activity

Image
Updated On : 05 May 2026 | 11:40 AM IST

RBI rejigs portfolios of DGs; Rohit Jain takes charge as deputy governor

RBI reshuffles responsibilities among its four deputy governors after Rohit Jain assumes charge, assigning key roles across supervision, policy, markets, regulation, and technology

Image
Updated On : 04 May 2026 | 10:57 PM IST

RBI explores steps to mobilise dollar inflows amid rising pressure on rupee

The war ‌between the US, Israel and Iran - now in its third month - has weakened the Indian currency, adding to a near 5 per cent fall in 2025

Image
Updated On : 04 May 2026 | 1:53 PM IST

RBI, Irdai not inclined to allow investments in commodity derivatives: Sebi

Sebi chairman Tuhin Kanta Pandey said banking and insurance regulators have valid concerns, while the market regulator plans an advisory on risks from AI-led models like Mythos

Image
Updated On : 04 May 2026 | 1:14 PM IST

Latest RBI rules for shadow lenders may put Tata Sons IPO on radar

The Reserve Bank of India this week said shadow lenders that are accepting money from associates and group entities will be counted as having indirect access to public funds

Image
Updated On : 03 May 2026 | 9:22 AM IST