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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 should include liquid papers in OMOs for better yield signalling: SBI

Despite a cumulative 125 basis point cut in the repo rate and record liquidity injections of about Rs 6.6 trillion during the current financial year, yields remained elevated

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Updated On : 28 Jan 2026 | 7:15 PM IST

Reserve Bank of India moves OMO dates forward as 10-year yield hits 6.72%

Yield at highest level since March 2025; central bank also announces ₹50K crore VRR

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Updated On : 27 Jan 2026 | 11:03 PM IST

RBI proposes disaster relief framework for banks, seeks feedback

The ‍proposed rules will kick in from April 1. The central bank ‍has ‍sought feedback from ‌stakeholders and public until February 17

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Updated On : 27 Jan 2026 | 8:07 PM IST

RBI brings forward ₹1 trillion bond purchases to ease liquidity pressure

The RBI bought 3 ​trillion rupees of bonds during December-January, boosting the note-purchase tally for the fiscal year to a record 5.7 trillion rupees

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Updated On : 27 Jan 2026 | 7:13 PM IST

Bank holiday today: Are SBI, BOB, Canara Bank and others closed?

Is bank holiday today: The United Forum of Bank Unions (UFBU) has called an all-India bank strike today, January 27, which may disrupt services at public sector banks such as SBI and PNB

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Updated On : 27 Jan 2026 | 10:44 AM IST

Value of CDs climbs to ₹5.75 trillion, rates cross 7% for marquee banks

Deposit tightness has pushed certificate of deposit outstanding to a record ₹5.75 trillion, with marquee banks raising one-year funds at over 7%

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Updated On : 25 Jan 2026 | 11:21 PM IST

Arijit Basu quits HDB Financial, appointed chairman of IndusInd Bank

Sunil Mehta to step down from the helm of IndusInd following completion of his term on Jan 30

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Updated On : 24 Jan 2026 | 12:29 AM IST

Forex reserves rise $14 billion in best week in 10 months: RBI data

At $701 billion, reserves at 13-week high; shy of all-time high of $705 billion

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Updated On : 24 Jan 2026 | 12:02 AM IST

States' gross fiscal deficit topped 3% in FY25 after 3 years: RBI report

States' fiscal deficit crosses 3% of GDP in FY24 after 3 years; capital spending rises as liabilities remain manageable, says RBI report

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Updated On : 23 Jan 2026 | 11:08 PM IST

Banks raise Rs 89.5k crore via CDs in December fortnight, rates surge

Banks raised Rs 88,512 crore through certificates of deposit in the last fortnight of December as deposit growth lagged credit growth, pushing short-term borrowing rates above 7 per cent

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Updated On : 23 Jan 2026 | 7:07 PM IST

Razorpay POS secures RBI nod for offline payment aggregator licence

Razorpay now holds all three key RBI licences-online payment aggregator, cross-border payment aggregator (secured in December 2025), and offline payment aggregator)

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Updated On : 22 Jan 2026 | 2:55 PM IST

RBI taps over $2 bn FX swaps to ease liquidity amid rupee pressure: Bankers

Spot intervention ​drains rupee liquidity, an effect the RBI can counter through dollar/rupee buy-sell FX swaps, in which the first leg is settled at the spot date and the second at a future date

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Updated On : 22 Jan 2026 | 12:10 PM IST

Net FDI negative for 3rd straight month in Nov due to high repatriation

Net FDI in April-Nov period grows 7x to $5.6 billion compared to same period last year

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Updated On : 22 Jan 2026 | 12:28 AM IST

Current state of economy provides ground for optimism: RBI bulletin

Global growth remained resilient in 2025 despite heightened uncertainties. Though elevated, global uncertainty witnessed further moderation in December

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Updated On : 21 Jan 2026 | 8:02 PM IST

RBI approves appointment of Bharucha as whole-time director in HDFC Bank

Shares of HDFC Bank closed at ₹931.15, up 0.38 per cent over the previous close on BSE

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Updated On : 20 Jan 2026 | 11:43 PM IST

Rupee avoids new low as RBI steps in to control excess volatility

The rupee fell up to 91.06 per dollar during the day, near the record low of 91.08 per dollar

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Updated On : 20 Jan 2026 | 7:36 PM IST

RBI needs to ramp up bond purchases as rate cuts fail to cool yields

The benchmark 10-year yield on Monday surged back to nearly the same level seen before the RBI began cutting rates early last year

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Updated On : 20 Jan 2026 | 8:13 AM IST

RBI Guv calls for tighter governance, asset oversight in urban co-op banks

In his remarks, Malhotra highlighted the continued relevance of UCBs in credit delivery particularly to the underserved areas and in expanding financial inclusion, RBI said in a statement

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Updated On : 19 Jan 2026 | 8:13 PM IST

Govt announces interest subvention scheme for export credit under EPM

RBI notifies interest subvention scheme Niryat Prothsahan, directing banks to extend subsidised pre- and post-shipment export credit under EPM

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Updated On : 19 Jan 2026 | 7:53 PM IST

Budget should back R&D, create long-term funding institution: MPC member

He said Research, Development and Innovation (RDI) and Anusandhan National Research Foundation (ANRF) are important measures adopted in recent times

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Updated On : 19 Jan 2026 | 7:36 PM IST