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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.
 
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Latest Updates on Reserve Bank of India

India's forex reserves increase by $963 mn on back of rise in gold reserves

India's forex reserves rose by $963 million to $672.59 billion in the week ended June 19, driven by a sharp increase in gold reserves despite a decline in foreign currency assets

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Updated On : 26 Jun 2026 | 11:31 PM IST

RBI proposes wider access to money markets in draft rules for NBFCs, firms

Under the draft proposals, companies will also be allowed to participate in the term money market as lenders but smaller non-bank finance firms will be excluded

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Updated On : 26 Jun 2026 | 11:15 AM IST

Tata Sons' listing hangs in balance after RBI diktat for upper-layer NBFCs

In its latest direction, the central bank has dropped a provision defining the "indirect receipt of public funds"

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Updated On : 25 Jun 2026 | 11:56 PM IST

Banks wait & watch as dollar-bond investors seek richer returns

Premium rose steadily after HDFC secured tightest-ever spread for an Indian lender

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Updated On : 25 Jun 2026 | 10:59 PM IST

RBI consolidates rules for outright, when-issued & short-sale G-sec trades

Draft master directions bring together rules for government securities trading, widening market access while consolidating norms on reporting, settlement and short selling

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Updated On : 25 Jun 2026 | 9:16 PM IST

Three Indian DFIs said to plan $1.5 billion foreign debt under RBI scheme

RBI's subsidised hedging facility for external commercial borrowings lowers currency risk costs, aiming to boost dollar inflows and strengthen support for the rupee

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Updated On : 25 Jun 2026 | 6:17 PM IST

10-year govt bond yield at three-month low as RBI eases rate worries

The benchmark 10-year bond yield fell 6 basis points to 6.80 per cent as RBI Governor Sanjay Malhotra's remarks eased rate-hike concerns

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Updated On : 25 Jun 2026 | 12:11 AM IST

RBI sets compliance blueprint for AI-driven finance under draft framework

The draft framework requires regulated entities to establish board-approved model risk management systems covering all models, including AI and machine learning applications

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Updated On : 24 Jun 2026 | 10:48 PM IST

Energy stress, weak monsoon to slow India's growth to 6.6% in FY27: S&P

The rating agency expects higher inflation, a possible RBI rate hike and slower economic growth amid energy market disruptions and below-normal monsoon conditions

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Updated On : 24 Jun 2026 | 10:35 PM IST

Currency questions: Higher costs of incentives for NRIs must be debated

RBI's push to attract FCNR deposits may ease external pressures, but improving conditions raise questions over the costs, risks and necessity of the incentives

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Updated On : 24 Jun 2026 | 10:06 PM IST

RBI withdraws concentration-risk exemptions for govt-owned NBFCs

The revised framework mandates annual identification of Upper Layer NBFCs and brings government-owned entities under the same exposure norms as their regulatory peers

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Updated On : 24 Jun 2026 | 9:44 PM IST

Premature to talk about rate hikes, says RBI Governor Sanjay Malhotra

Central bank chief says RBI is monitoring the inflation impact of higher crude oil prices, while highlighting India's stronger external position and resilient banking system

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Updated On : 24 Jun 2026 | 6:15 PM IST

Bandhan Bank raises FD rates by up to 20 bps on select deposit tenors

The lender has increased rates on fixed deposits in the two- to five-year buckets as banks intensify efforts to mobilise deposits amid widening credit-deposit gaps

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Updated On : 24 Jun 2026 | 5:43 PM IST

State lenders plan $2 bn overseas borrowing under RBI concessional route

Small Industries Development Bank of India is in talks with the International Finance Corp. to raise as much as $1 billion in five-year and seven-year tenors

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Updated On : 24 Jun 2026 | 3:54 PM IST

Building buffers: Forex inflows should be used to build up reserves

Falling crude prices and US-Iran talks have eased pressure on the rupee, but RBI may continue building forex buffers amid global and domestic uncertainties

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Updated On : 23 Jun 2026 | 10:38 PM IST

RBI aligns prudential norms for UPI-linked credit lines with base loans

Central bank says prudential treatment of payment-linked credit facilities will depend on the nature of the underlying loan, irrespective of delivery mode

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Updated On : 23 Jun 2026 | 7:59 PM IST

RBI eases MSME onboarding on TReDS, allows guarantee cover for financiers

Central bank consolidates TReDS regulations, eases MSME access and permits financiers to obtain credit guarantee cover on platform exposures

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Updated On : 23 Jun 2026 | 7:13 PM IST

RBI injects ₹1.41 trn liquidity in banking system via 7-day VRR auction

This was done after the liquidity in the banking system turned in to deficit of ₹19,971.89 crore as on June 22, from a surplus of ₹30,685.11 crore as on June 21

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Updated On : 23 Jun 2026 | 12:36 PM IST

RBI defended rupee with $8.94 billion net dollar sale in April: Bulletin

The central bank remained a net seller in the spot forex market as the rupee came under pressure from geopolitical tensions and persistent foreign outflows

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Updated On : 22 Jun 2026 | 11:23 PM IST

Bank credit outpaced non-bank funding to commercial sector: RBI data

Non-food bank credit rose 17.4 per cent year-on-year in May, outpacing growth in non-bank funding and lifting total credit to the commercial sector

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Updated On : 22 Jun 2026 | 11:00 PM IST