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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

Expecting 50 bps rate hike in Dec, may impact credit demand: SBI chief

Business Standard BFSI Insight Summit 2026: SBI Chairman CS Setty says higher rates could moderate discretionary spending and consumption credit

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Updated On : 26 Oct 2026 | 8:22 PM IST

Global rate risks, capital outflows to weigh on Indian markets: Experts

At the Business Standard BFSI Insight Summit 2026, experts warned that high US yields, oil prices and AI-driven capital outflows could weigh on Indian markets, the rupee and bond yields

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Updated On : 26 Oct 2026 | 2:18 PM IST

Bankers hail RBI's FCNR(B) playbook as dollar inflows surge to $12.7 bn

At Business Standard's BFSI Summit, public sector bank chiefs discussed how RBI's swap support, leverage and overseas outreach helped mobilise FCNR(B) deposits, highlighting need for risk management

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Updated On : 26 Oct 2026 | 12:13 PM IST

Bank holiday today: Are banks open or closed due to Valmiki Jayanti 2026?

Due to Valmiki Jayanti, bank branches in some states will be closed today as per the RBI's schedule for October 2026. Banks will stay closed for physical operations in different states

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Updated On : 26 Oct 2026 | 10:15 AM IST

Satellite lights, Google Trends can help estimate state growth: RBI report

Combining night-time illumination and Google Trends data reduced errors in quarterly growth estimates by up to 62 per cent across three industrial states

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Updated On : 25 Oct 2026 | 11:20 PM IST

Ten rules for external sector stress

There is wisdom from history in managing the rupee

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Updated On : 25 Oct 2026 | 10:37 PM IST

Glitter of gold loans

Increasing household debt needs careful examination

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Updated On : 25 Oct 2026 | 10:17 PM IST

RBI's net dollar purchases hit record $43.26 billion in August: Bulletin

The RBI's net dollar purchases more than doubled to $43.26 billion in August, while its outstanding net short position in the forward market climbed to a record $200.06 billion

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Updated On : 23 Oct 2026 | 11:20 PM IST

RBI tightens operational risk capital norms for banks from April 2027

The RBI has revised operational risk capital norms for banks, covering income classification, derivative valuations and historical loss data, with the new rules effective April 1, 2027

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Updated On : 23 Oct 2026 | 9:41 PM IST

RBI revises bank leverage ratio norms, new framework effective April 2027

The RBI has revised leverage ratio norms for banks, setting minimum requirements of 4 per cent for D-SIBs and 3.5 per cent for others, with new rules effective April 1, 2027

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Updated On : 23 Oct 2026 | 8:12 PM IST

RBI rejects all bids at govt's T-bill auction as short-term yields surge

The yield on the benchmark 10-year government bond settled at 7.44 per cent, its highest level since November 4, 2022, against the previous close of 7.39 per cent

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Updated On : 21 Oct 2026 | 11:33 PM IST

RBI steps up scrutiny of large overseas investments as rupee slides

The Reserve Bank of India issued a standardized checklist to major banks last week, requiring detailed information on overseas direct investments exceeding $1 billion

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Updated On : 20 Oct 2026 | 9:27 AM IST

Banks tap RBI's first cash auction in 3 months as market rates spike

The operation comes after several months of the central bank absorbing surplus liquidity that hit a record high ‌due to hefty inflows from diaspora deposits ​mobilised to defend a ​weak rupee

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Updated On : 19 Oct 2026 | 12:46 PM IST

King Canute and the sea waves

Let the rupee find its own level but allow that to happen in a calibrated way

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Updated On : 18 Oct 2026 | 10:38 PM IST

RBI's rupee defence comes at a cost as liquidity dries up, yields rise

The RBI's measures have curbed speculative dollar demand but tightened forex liquidity and raised hedging costs, while high oil prices and capital outflows continue to weigh on the rupee

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Updated On : 16 Oct 2026 | 10:00 AM IST

Bank credit rises 19.4% in September; RBI rate hike may slow growth in H2

Bank credit rose 19.38% to ₹230 trillion in September, while deposits grew 17.83% to ₹283.95 trillion; CareEdge expects higher borrowing costs to moderate lending growth.

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Updated On : 15 Oct 2026 | 9:49 PM IST

Current account deficit narrows to $5.2 billion in August: RBI data

The net deficit in the merchandise trade account declined to $26.6 billion in August from $27.6 billion in the same month last year

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Updated On : 15 Oct 2026 | 6:54 PM IST

Supreme Court upholds quashing of Yes Bank's ₹8,415 cr AT-1 bond write-off

The dispute dates back to March 2020, when Yes Bank wrote down AT-1 bonds worth ₹8,415 crore to zero as part of its rescue and reconstruction, wiping out bondholders' investments.

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Updated On : 15 Oct 2026 | 3:17 PM IST

IDBI Bank-Fairfax deal: What RBI rules say on foreign ownership and control

While India allows substantial FDI in private sector banks, the RBI regulates who can own them, how much voting power shareholders can exercise and how much equity promoters can retain over time

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Updated On : 15 Oct 2026 | 1:27 PM IST

India may need rate hikes, tax relief to ease pressure on rupee: Analysts

The rupee's rebound after the RBI's latest measures may prove short-lived as energy import dependence and weak capital inflows weigh on the currency; further rate hikes could help address the pressure

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Updated On : 15 Oct 2026 | 12:07 PM IST