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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

RBI emerging as Asia's rate outlier as oil shock fails to shift outlook

RBI Governor Sanjay Malhotra has said the central bank will remain data-dependent, with resilient growth and contained inflation allowing it to keep policy unchanged despite higher oil prices

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Updated On : 06 Aug 2026 | 10:06 AM IST

The story now is not 'lower for longer', but the calm before higher rates

Strong growth, above-target inflation projections and near-zero real interest rates suggest the RBI's dovish stance may not last, raising the prospect of higher rates ahead

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Updated On : 05 Aug 2026 | 11:09 PM IST

'Our endeavour is to bring inflation in line with target over medium term'

RBI Governor Sanjay Malhotra said policy will remain guided by headline inflation and evolving growth dynamics, while reaffirming the central bank's data-dependent approach

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Updated On : 05 Aug 2026 | 11:01 PM IST

No early closure of FCNR (B) swap window: RBI Governor Sanjay Malhotra

Governor Sanjay Malhotra says mobilisation under the concessional FCNR(B) swap window remains robust, with no proposal to close the scheme before its September 30 deadline

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Updated On : 05 Aug 2026 | 10:53 PM IST

22 years later, RBI set to resume UCB licensing through on-tap framework

The Reserve Bank of India will soon issue draft guidelines for on-tap licensing of urban co-operative banks, setting stringent eligibility norms for credit co-operative societies seeking conversion

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Updated On : 05 Aug 2026 | 10:49 PM IST

Policy prospects: Inflation projections demand monetary tightening

The RBI's decision to hold rates reflects easing inflation risks for now, but rising price pressures could warrant policy tightening in the coming months

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Updated On : 05 Aug 2026 | 10:09 PM IST

RBI proposes to harmonise framework on interest rates on advances: Malhotra

The proposed framework seeks to standardise loan pricing, benchmark reset dates and interest calculation practices while strengthening transparency and consumer protection

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Updated On : 05 Aug 2026 | 8:15 PM IST

RBI sees liquidity surplus peaking in September before normal absorption

Governor Sanjay Malhotra says surplus liquidity is likely to peak around September before being absorbed through higher currency circulation, reserve requirements and maturing forex forwards

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Updated On : 05 Aug 2026 | 6:42 PM IST

Explained: Why RBI wants to restart UCB licensing after a two-decade pause

After a 20-year freeze, the RBI is preparing to issue new UCB licences as reforms, stronger oversight and improving financial health reshape the cooperative banking sector

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Updated On : 05 Aug 2026 | 2:36 PM IST

RBI to issue new draft norms for urban cooperative bank licensing shortly

The proposed framework sets capital, asset quality and governance criteria for cooperative credit societies seeking to become urban cooperative banks after a two-decade pause

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Updated On : 05 Aug 2026 | 11:09 AM IST

SC asks RBI to frame uniform protocol for banks dealing with cyber fraud

The apex court also directed the Centre and states to strengthen measures against digital arrest scams and asked authorities to improve victim compensation and fund recovery

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Updated On : 04 Aug 2026 | 11:26 PM IST

RBI appoints Monisha Chakraborty as executive director from August 3

Former chief general manager-in-charge of the Department of Supervision will oversee the Foreign Exchange Department and Financial Markets Regulation Department

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Updated On : 03 Aug 2026 | 8:31 PM IST

BS poll: 'Cautious' MPC may stick to status quo, retain neutral stance

Most economists expect stance to remain 'neutral'

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Updated On : 02 Aug 2026 | 11:24 PM IST

Wait-and-watch mode: Why the RBI MPC is likely to hold interest rates

The rate-setting body is likely to remain in wait-and-watch mode as uncertainties continue to cloud the macroeconomic outlook

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Updated On : 02 Aug 2026 | 11:21 PM IST

Foreign investors buy $8.44 bn debt, equity since RBI's June policy

Foreign portfolio investors have infused $8.44 billion into Indian debt and equity markets since the RBI's June policy measures aimed at attracting overseas capital

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Updated On : 02 Aug 2026 | 7:37 PM IST

RBI's special forex swap window outpaces 2013 inflows in only weeks

FCNR(B) deposits contributed $36.7 billion as banks raised nearly $41 billion under the RBI's concessional swap facility in less than two months, exceeding the 2013 mobilisation

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Updated On : 01 Aug 2026 | 11:09 AM IST

Bank holidays in August 2026: Banks to stay closed for 14 days; check list

Bank branches will mark many holidays throughout Aug 2026. Independence Day on Aug 15 will cause nationwide bank shutdowns. Several state-specific festivals depend upon regional

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Updated On : 31 Jul 2026 | 10:42 AM IST

$32 bn inflows from India's forex drive yet to lift rupee, boost liquidity

RBI Governor Sanjay Malhotra has said that banks have mobilised $32 billion under recent measures, though the inflows are yet to significantly boost forex reserves, banking liquidity or the rupee

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Updated On : 30 Jul 2026 | 7:35 AM IST

Rupee is undervalued, says RBI Governor: What it means and why it matters

RBI Governor Sanjay Malhotra says the rupee is undervalued and recent weakness is due to global factors, not India's economy. Here's what it means and why it matters

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Updated On : 29 Jul 2026 | 3:14 PM IST

Bank balance sheets alone can't fund Viksit Bharat ambitions: RBI DG Jain

RBI Deputy Governor Rohit Jain says India must deepen bond, forex and derivatives markets, as bank financing alone cannot support the investment needed for Viksit Bharat

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Updated On : 28 Jul 2026 | 12:35 AM IST