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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

Bank holiday today: Banks closed in these states on Eid-e-Milad-un-Nabi

According to the Reserve Bank of India's holiday calendar, August 26 is a bank holiday at several RBI centres under the Negotiable Instruments Act.

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Updated On : 26 Aug 2026 | 9:10 AM IST

Eid Milad-un-Nabi 2026 Bank Holiday: Will banks be closed on Wednesday?

Bank Holiday Today: Eid-e-Milad-un-Nabi, or Mawlid, marks the birth anniversary of Prophet Muhammad on August 26. The RBI has listed the day as a bank holiday in several states

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Updated On : 26 Aug 2026 | 7:10 AM IST

Weekly policy watch: RBI liquidity move, IIP data, forex reserves in focus

The week's policy calendar will focus on RBI liquidity management, industrial production and forex reserves

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Updated On : 24 Aug 2026 | 10:09 AM IST

RBI forex swap facility attracts $72.85 billion inflows as of August 21

FCNR(B) deposits accounted for nearly 90 per cent of the total at $65.40 billion, while ECBs and OFCBs contributed $2.59 billion and $4.86 billion, respectively

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Updated On : 22 Aug 2026 | 3:37 PM IST

RBI FCNR(B) swap window inflows swell to $65.39 bn, total hits $72.85 bn

FCNR(B) deposits dominate inflows under RBI's special forex swap facility ahead of the August 31 deadline; ECB and OFCB windows remain open until December 31

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Updated On : 22 Aug 2026 | 3:17 PM IST

Govt reappoints Anand Mahindra to RBI Board; Somanath Panicker joins

Both will serve as part-time, non-official directors for four years from August 20, 2026, or until further orders, whichever is earlier

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Updated On : 20 Aug 2026 | 10:18 PM IST

Risks facing UCBs no longer confined by size or geography: RBI DG

RBI Deputy Governor Swaminathan J says growing reliance on technology and third-party providers exposes smaller banks to cyber, digital fraud and operational risks

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Updated On : 20 Aug 2026 | 8:44 PM IST

RBI Guv expects $80 bn foreign-currency inflows from rupee support measures

RBI Governor Sanjay Malhotra said flows have been stronger than expected, with FCNR(B) deposits and overseas borrowing already bringing in $56.85 billion

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Updated On : 20 Aug 2026 | 1:21 PM IST

RBI's hawkish minutes rattle bond market investors, put rate hikes in play

Deputy Governor Poonam Gupta flagged a possible rate hike later this year as policymakers grew more wary of inflation risks despite retaining a neutral stance

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Updated On : 20 Aug 2026 | 12:50 PM IST

More cash, less usage pose challenge for RBI: Shirish Chandra Murmu

Robust currency demand amid rising digital payments muddles projection

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Updated On : 18 Aug 2026 | 10:57 PM IST

India needs guardrails for shadow-bank flexi loans, not blanket bans

The RBI's proposal to restrict flexible repayment loans by nonbanks could curb risks of bad-debt evergreening, but may also hurt self-employed workers and small businesses that rely on such credit

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Updated On : 18 Aug 2026 | 9:08 AM IST

FCNR(B) swap window explained: Why RBI opened it, then advanced deadline

RBI has brought forward the deadline for its special FCNR(B) swap window to August 31. Here's what it means

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Updated On : 17 Aug 2026 | 2:09 PM IST

UCBs: Past imperfect, present evolving as RBI revives on-tap licensing

The decision to reintroduce on-tap licensing for urban cooperative banks signals the regulator's growing confidence that governance reforms have created sufficient safeguards

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Updated On : 16 Aug 2026 | 11:10 PM IST

RBI Governor highlights central banks' role in price, financial stability

RBI Governor Sanjay Malhotra said cooperation among BRICS central banks is crucial to building a resilient, efficient and inclusive global financial system.

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Updated On : 13 Aug 2026 | 11:36 PM IST

RBI turns upbeat as worst of West Asia war shock recedes, demand holds up

Five months after the Iran war stoked fears of an oil-driven inflation surge and economic slowdown, resilient demand and easing price pressures are giving RBI officials more confidence

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Updated On : 13 Aug 2026 | 10:59 AM IST

Only AI alone can help limit AI frauds, says RBI Governor Malhotra

He said AI could become as significant to the current decade as liberalisation was to the 1990s and digitalisation to the 2010s

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Updated On : 11 Aug 2026 | 12:30 PM IST

Structural issues driving money from India: Ex-RBI chief Duvvuri Subbarao

Subbarao said a move in June aimed at drawing more foreign currency by incentivizing non-resident Indians is "too costly" to justify if the main purpose is simply to bolster confidence in the rupee

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Updated On : 11 Aug 2026 | 8:39 AM IST

FCNR (B) swaps: Weekly bank slots delay RBI's dollar receipts

Liquidity surplus at ₹3.48 trillion; RBI lines up ₹1.25 trillion VRRR

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Updated On : 10 Aug 2026 | 10:51 PM IST

RBI has proactively helped UCBs, cooperatives should rethink approach: Shah

Shah said a lot of aspects have been resolved with the help of the RBI, and also welcomed the raising of limits on gold loans and permitting one-time settlements for UCBs

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Updated On : 08 Aug 2026 | 4:58 PM IST

Forex reserves surge $10.5 bn, highest weekly gain in over six months

Foreign currency assets increased by $8.75 billion and gold reserves rose by $1.69 billion during the week ended July 31, driving the sharp increase in total reserves

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Updated On : 07 Aug 2026 | 10:35 PM IST