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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 allows issuers to map existing e-mandates if cards are reissued

The changes in instructions on e-mandates were based on feedback from stakeholders, the RBI said

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Updated On : 21 Apr 2026 | 9:57 PM IST

RBI partially eases rupee NDF curbs on banks after market stability

Market participants said the central bank now sees lower arbitrage risk after banks complied with the April 10 deadline

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Updated On : 20 Apr 2026 | 11:57 PM IST

Growth for Jio Fin will remain robust in FY27: MD & CEO Hitesh Sethia

Jio Financial's NBFC arm bets on secured lending first, eyes unsecured segments later as it builds scale and strengthens its balance sheet

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Updated On : 20 Apr 2026 | 11:30 PM IST

Second-round effects of supply shocks a real concern, says RBI governor

Forex intervention as needed; not committing to indefensible peg: Malhotra

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Updated On : 20 Apr 2026 | 10:50 PM IST

RBI partially withdraws restrictions on certain rupee derivative trades

The central bank had also stopped authorised dealers from entering into any FX derivative contract involving INR with their related parties

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Updated On : 20 Apr 2026 | 5:15 PM IST

Rupee jumps as RBI restricts spot market dollar buying by oil companies

Domestic currency strengthens for second straight session as RBI curbs dollar demand from oil firms; forex reserves rise on higher foreign currency assets

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Updated On : 17 Apr 2026 | 11:44 PM IST

RBI mops up ₹2 trillion through VRRR auction amid surplus liquidity

Central bank absorbs surplus liquidity as banks bid Rs 2.28 trillion in VRRR auction, reflecting robust demand amid easing liquidity conditions

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Updated On : 17 Apr 2026 | 6:01 PM IST

RBI pulls out ₹2 trillion transient liquidity via 7-day VRRR auction

The RBI accepted the bid at a 5.24 per cent cut-off rate and 5.23 per cent weighted average rate

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Updated On : 17 Apr 2026 | 2:16 PM IST

RBI asks state oil refiners to curb spot dollar buying, says report

The state-run refiners have been asked to access the credit line via the State Bank of India, the sources said. SBI is India's largest bank and is state-backed

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Updated On : 17 Apr 2026 | 10:43 AM IST

RBI to conduct ₹2 trillion VRRR to absorb surplus liquidity in system

RBI to conduct Rs 2 trillion variable rate reverse repo auction to absorb surplus liquidity, with banking system surplus remaining above Rs 5 trillion

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Updated On : 16 Apr 2026 | 8:37 PM IST

KV Ramana Murty takes charge; Sebi gets its fourth whole-time member

Murty had earlier served as a part-time member on Sebi's board as a government nominee

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Updated On : 16 Apr 2026 | 12:02 AM IST

Small Finance Banks' universal licence dream: It's a long road ahead

Weak spots in governance, asset quality, and risk discipline stall approvals

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Updated On : 15 Apr 2026 | 11:47 PM IST

Gold loan boom sees early stress; delinquencies rise with borrower leverage

Rapid expansion has made gold loans the second-largest retail credit segment, but rising borrower leverage and repeat borrowing patterns are prompting calls for tighter regulatory oversight

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Updated On : 15 Apr 2026 | 11:35 PM IST

Bank credit, deposit growth at 16.08% in FY26, fastest since FY24

Bank credit expanded at the fastest pace since FY24, driven by corporate and MSME demand, while deposit growth lagged, widening the gap in the banking system

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Updated On : 15 Apr 2026 | 11:07 PM IST

Ambedkar Jayanti 2026: Are banks open or closed today? Check status

Bank Holiday Today: Central government offices are closed on April 14, 2026. Many banks across India will also remain shut, as Ambedkar Jayanti coincides with Tamil New Year and Vaisakhi

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Updated On : 14 Apr 2026 | 10:38 AM IST

RBI returns Ujjivan SFB's application to convert into universal bank

After Jana SFB, Ujjivan SFB is the second SFB whose application has been returned by RBI

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Updated On : 13 Apr 2026 | 11:33 PM IST

Non-finance private firms' PAT growth slowed to 31.6% in FY25: RBI

Profit growth of non-government non-financial private firms slowed in FY25, though profitability indicators improved, supported by strong performance in the services sector

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Updated On : 13 Apr 2026 | 10:34 PM IST

Private firms' bond, debenture investments surge sharply in FY25: RBI

During this period, corporate bond issuances increased to ₹9.87 lakh crore in FY25, compared to ₹8.38 lakh crore in the previous fiscal year

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Updated On : 13 Apr 2026 | 9:32 PM IST

RBI data shows slower sales growth for private firms at 11.4% in FY25

Sales growth in the manufacturing sector moderated marginally to 9.2 per cent in 2024-25 from 9.4 per cent in the previous year

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Updated On : 13 Apr 2026 | 7:57 PM IST

AI without safeguards can amplify weaknesses in finance sector: RBI DG

AI-enabled systems can make customer interaction simpler, more intuitive, and responsive. It can also help improve credit delivery, he said

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Updated On : 13 Apr 2026 | 3:36 PM IST