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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

Phase-II of cheque-clearing system postponed until further notice: RBI

RBI has deferred Phase 2 of continuous cheque clearing to give banks more time, and modified presentation hours to 9 am-3 pm and confirmation hours to 9 am-7 pm

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Updated On : 24 Dec 2025 | 11:13 PM IST

Bank holiday on Christmas: Banks to stay shut for five days in many states

For Christmas Eve in 2025, banks in Mizoram, Nagaland, and Meghalaya will be closed on December 24. On December 25, however, all banks nationwide will observe a holiday in observance of Christmas

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Updated On : 24 Dec 2025 | 1:07 PM IST

Real estate developers expect rate cut to boost housing sales momentum

Developers say lower home loan rates after RBI repo rate cuts have improved affordability across major cities, supporting buyer confidence and housing sales momentum into 2026

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Updated On : 23 Dec 2025 | 11:37 PM IST

Benign inflation may keep India's policy rates low for a long time: RBI Guv

India's inflation rate picked up in November from a record low in the previous month but stayed well below the central bank's 4% target

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Updated On : 23 Dec 2025 | 9:56 PM IST

Unity SFB's Aviom Housing acquisition may take 3-4 months to complete

Unity Small Finance Bank has emerged as the winning bidder for Aviom India Housing Finance, but completion may take 3-4 months as key regulatory and creditor approvals are pending

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Updated On : 23 Dec 2025 | 7:22 PM IST

Bankers seek RBI action as dollar glut, NDF pressure roil rupee forwards

The rupee remains Asia's worst-performing currency this year, hit by weak investment flows, steep U.S. tariffs and the lack of a US trade deal

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Updated On : 23 Dec 2025 | 5:40 PM IST

'Present policy rate & stance well positioned for macroeconomic stability'

Saugata Bhattacharya, external MPC member, spoke on the scope for further rate cuts and how the RBI's foreign exchange market interventions could influence the policy path going forward

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Updated On : 21 Dec 2025 | 11:25 PM IST

Forex reserves rise for second straight week, reach $688.94 bn: RBI

India's forex reserves jumped by USD 1.689 billion to USD 688.949 billion during the week ended December 12, the Reserve Bank of India said on Friday.

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Updated On : 19 Dec 2025 | 6:23 PM IST

Goa Liberation Day 2025: History, significance and why December 19 matters

Goa was freed from Portuguese domination on December 19, 1961, and subsequently joined India. Notably, "Goa Liberation Day" commemorates the 451 years of Portuguese dominance in Goa

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Updated On : 19 Dec 2025 | 10:35 AM IST

RBI's OMO auction sees strong demand, but experts say job still half done

Net liquidity fell into deficit after seven weeks; net liquidity in the banking system was in a deficit of ₹68,586 crore on Wednesday

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Updated On : 18 Dec 2025 | 11:04 PM IST

Home loan balance transfer: Higher residual principal tenure drive savings

A high credit score is critical as it enables the borrower to secure the new loan at an attractive rate

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Updated On : 18 Dec 2025 | 10:56 PM IST

RBI clears Paytm arm PPSL as payment aggregator for offline transactions

The approval is in addition to the authorisation for Online Payment Aggregation already granted by the central bank to PPSL last month

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Updated On : 18 Dec 2025 | 12:42 PM IST

RBI Guv Malhotra signals rates to stay low for 'long period': Report

The Reserve Bank of India's (RBI) projections suggested rates "should remain low for a long period of time, governor said

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Updated On : 17 Dec 2025 | 10:42 PM IST

RBI to act only if rupee volatility rises beyond a point: Neelkanth Mishra

Mishra said rupee is expected to average around 90 per dollar by June 2026 and weaken further to 92 per dollar by June 2027

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Updated On : 16 Dec 2025 | 11:09 PM IST

HDFC Bank gets RBI approval to buy up to 9.5% stake in IndusInd Bank

The RBI has allowed HDFC Bank and its group firms to buy up to 9.5 per cent stake in IndusInd Bank within one year, as the private lender faces losses and governance issue

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Updated On : 16 Dec 2025 | 9:38 AM IST

Banks asked to offer basic services to customers at all branches

Lenders nudged to cut charges and maintain uniformity

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Updated On : 14 Dec 2025 | 11:53 PM IST

Stablecoins can undermine trust in currency, financial system: RBI dy guv

Sankar highlighted that stablecoins do not serve any purpose that cannot be served by fiat money

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Updated On : 13 Dec 2025 | 12:55 AM IST

Banks bring back in-person verification as digital fraud risks escalate

Banks are slowing down fully online account opening after a rise in mule accounts and digital fraud; lenders are now adding in-person checks and branch visits to make customer verification stronger

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Updated On : 12 Dec 2025 | 11:20 AM IST

Indian rupee turmoil reminds investors of 2013 'fragile-five' crisis

The seeds of the Fragile-Five debacle were sown by the Reserve Bank of India buckling under political pressure and cutting rates in 2012 amid soaring fiscal deficits and untamed inflation

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Updated On : 12 Dec 2025 | 9:16 AM IST

Rupee hits fresh low on outflows and US trade deal delay; bond yields ease

Rupee depreciated to a fresh all-time low as foreign outflows and uncertainty over the US-India trade deal pressured sentiment, while an RBI OMO purchase auction helped soften government bond yields

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Updated On : 11 Dec 2025 | 11:55 PM IST