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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

HDFC Bank's Anup Bagchi set to become India's highest-paid bank CEO

HDFC Bank proposes ₹35.9 crore in annual compensation for incoming MD & CEO Anup Bagchi, including ₹26.92 crore in variable pay, besides a ₹7.35 crore joining bonus

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Updated On : 08 Oct 2026 | 11:54 PM IST

Inflation pressures broaden as 37% of CPI basket rises above 4%: RBI

RBI's October Monetary Policy Report flags widening price pressures across goods and services, with food and fuel inflation adding to concerns over second-round effects

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Updated On : 08 Oct 2026 | 11:38 PM IST

Bank deposits join CAS: What you may see, what may still be missing

Bank deposits will join the Consolidated Account Statement (CAS) from January 1. But will the move finally give consumers a complete picture of their financial life?

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Updated On : 08 Oct 2026 | 4:36 PM IST

Is India's inflation problem spreading beyond food and fuel prices?

India's inflation rose to 4.8% in August from 3.4% in March, with food and fuel leading the rise, while core prices and services are now showing signs of wider pressure

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Updated On : 08 Oct 2026 | 3:54 PM IST

RBI rate cycle: How much did borrowers and savers actually benefit?

The RBI's previous rate cycle shows that changes in the repo rate did not translate equally into loan and deposit rates, with the impact varying across borrowers and Depositors

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Updated On : 08 Oct 2026 | 2:49 PM IST

Households turn wary on prices as consumer confidence slips: RBI surveys

The RBI's latest surveys show a widening gap between household price concerns and economic confidence, even as spending intentions remain resilient across urban and rural India

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Updated On : 08 Oct 2026 | 11:33 AM IST

Much needed policy adjustment

With inflation risks rising, RBI signals a measured tightening cycle ahead

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Updated On : 08 Oct 2026 | 1:02 AM IST

RBI removes Paytm Payments Bank from list of recognised scheduled banks

RBI removes Paytm Payments Bank from the scheduled banks list after cancelling its banking licence over regulatory non-compliance

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Updated On : 07 Oct 2026 | 11:47 PM IST

India's rural economy decoupling from monsoon shocks, says RBI report

Rural incomes are becoming less dependent on monsoons as allied activities, irrigation and diversification cushion the impact of rainfall shortfalls.

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Updated On : 07 Oct 2026 | 11:41 PM IST

Benefit to economy is goal, not cost of RBI operations: Governor Malhotra

RBI Governor Sanjay Malhotra says profit or surplus is incidental to the central bank's operations, stressing overall economic benefits amid questions over swap costs.

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Updated On : 07 Oct 2026 | 11:23 PM IST

Hawkish hike, but measured path ahead

Depending on growth-inflation dynamics, the repo rate could rise to 6-6.25 per cent next year

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Updated On : 07 Oct 2026 | 10:45 PM IST

Individuals exempt from reporting foreign earnings; RBI to issue FAQs soon

Even in the case of entities, there is a provision for self-declaration up to a cap of ₹10 lakh per bill, Governor Sanjay Malhotra said

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Updated On : 07 Oct 2026 | 6:23 PM IST

RBI policy highlights: Repo rate rises 25 bps as inflation risks broaden

The RBI raises the repo rate to 5.5% as inflation risks broaden, while keeping its growth outlook firm. Here are the key takeaways from Governor Sanjay Malhotra's statement

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Updated On : 07 Oct 2026 | 2:31 PM IST

Small fee unlikely to impact UPI transaction volumes: RBI Governor on MDR

RBI Governor Sanjay Malhotra said a small MDR on select UPI payments is unlikely to materially affect transaction volumes as the new charge takes effect from October 15

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Updated On : 07 Oct 2026 | 2:18 PM IST

RBI delivers timely, hawkish rate hike; 2 more on the cards: VK Vijayakumar

VK Vijayakumar said that the pivot in stance, alongside an evolving macroeconomic outlook, strongly signals that two more rate hikes are highly probable in this tightening cycle.

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Updated On : 07 Oct 2026 | 1:03 PM IST

Rate hike not to significantly impact earnings or growth: Ambareesh Baliga

Ambareesh Baliga said he does not see a rate-easing cycle even if the West Asia situation is resolved. However, if the situation remains unresolved, he expects further rate hikes by the central bank.

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Updated On : 07 Oct 2026 | 11:59 AM IST

RBI allows account aggregator interoperability, enables CAS bank deposits

Customers will be able to access financial information through any NBFC-AA, while demat account holders can also view bank deposit details in consolidated statements

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Updated On : 07 Oct 2026 | 11:30 AM IST

RBI MPC hikes repo rate by 25 bps to 5.5%: A look at last five hikes

The RBI MPC has raised the repo rate by 25 basis points to 5.5 per cent. Here is a look at the central bank's five previous rate hikes and the inflation backdrop at the time

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Updated On : 07 Oct 2026 | 10:56 AM IST

RBI announces two measures to ease financial information access for users

The RBI will allow interoperability among account aggregators and enable bank deposit details in consolidated account statements, alongside a new financial markets committee

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Updated On : 07 Oct 2026 | 10:54 AM IST

RBI absorbs ₹2.10 trillion via VRRR auctions amid surplus liquidity

During the first auction, the central bank received bids worth ₹2,10,688 crore for a notified amount of ₹2 trillion

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Updated On : 05 Oct 2026 | 3:02 PM IST