Wednesday, July 22, 2026 | 05:24 PM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch
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.
 
The head
...
Read More

Latest Updates on Reserve Bank of India

RBI likely used dollar deposit surge to cut record FX forward book

The RBI's package of measures aimed at ‌supporting the rupee attracted more than $20 bn as of July 17, with more than four-fifths coming from foreign currency non-resident deposits mobilised by banks

Image
Updated On : 22 Jul 2026 | 2:15 PM IST

RBI proposes easier FDI compliance regime, seeks public comments

Regulator proposes greater operational flexibility

Image
Updated On : 21 Jul 2026 | 11:51 PM IST

Strong early response to swap window fuels $70 billion inflows hope

Foreign banks appear to have driven the early success of the RBI's swap scheme, say experts

Image
Updated On : 21 Jul 2026 | 11:45 PM IST

Robust forex inflows lift rupee as lower crude prices boost sentiment

The rupee recovered from a five-session decline as easing crude oil prices and stronger-than-expected foreign exchange inflows under RBI measures supported sentiment

Image
Updated On : 21 Jul 2026 | 11:38 PM IST

Forex strategy must go beyond short-term flows and import substitution

The basic idea behind the liberalised FCNR (B) scheme and other such measures is to attract foreign-currency flows, which will help RBI build foreign-exchange buffers at a time of global uncertainty

Image
Updated On : 21 Jul 2026 | 10:11 PM IST

Why a weaker rupee is not necessarily a sign of economic weakness

A stable economy does not require a permanently stable exchange rate

Image
Updated On : 21 Jul 2026 | 10:10 PM IST

RBI's inflow push gets strong start, fortifying India's balance of payments

In its first update since the scheme was launched in early June, the Reserve ‌Bank of India said the measures had mobilised $20.72 billion through July 17

Image
Updated On : 21 Jul 2026 | 2:09 PM IST

India FX traders eye oil prices, RBI defence; bonds bulls await index call

The rupee closed at 96.28 per dollar on Friday, down ​about 1% on the week, its steepest drop since May, the month in which the currency hit its all time-low of ‌96.96

Image
Updated On : 20 Jul 2026 | 8:17 AM IST

Banks pare FCNR (B) inflow expectations amid leverage and tax hurdles

Banks expect strong NRI interest in RBI's FCNR(B) scheme but say leverage limits, overseas regulations and tax issues could curb fund mobilisation

Image
Updated On : 19 Jul 2026 | 11:57 PM IST

RBI's currency printing arm invites bids for polymer note material

The move marks India's first formal procurement step towards polymer banknotes, though the Reserve Bank of India has not announced denominations or a timeline for their introduction

Image
Updated On : 18 Jul 2026 | 2:20 PM IST

Will continue to prioritise inflation, says RBI governor Sanjay Malhotra

"We have to watch out for monsoon… how it progress because a significant population depends on agriculture," he said

Image
Updated On : 17 Jul 2026 | 10:37 PM IST

RBI imposes penalties on Muthoot Finance, others for compliance violations

The central bank imposed penalties ranging from Rs 2.7 lakh to Rs 6.2 lakh on six companies, including Muthoot Finance, for violating regulatory norms

Image
Updated On : 17 Jul 2026 | 10:24 PM IST

FCNR(B) inflows trail expectations as rupee comes under fresh pressure

The rupee weakened as initial FCNR(B) deposit inflows fell short of market expectations, though analysts said it was too early to assess the success of the RBI's measures

Image
Updated On : 16 Jul 2026 | 11:24 PM IST

RBI Grade B 2026 admit card for Phase 2 released online; how to download

The Reserve Bank of India (RBI) has issued the RBI Grade B 2026 admit card for Phase 2 on its official website. The bank will hold the RBI Grade B exam for Phase 2 on July 25 and 26

Image
Updated On : 16 Jul 2026 | 10:54 AM IST

Banks courting corporate clients for merger and acquisition financing

Banks are pitching M&A financing to corporate clients after RBI's new norms, setting the stage for stronger competition with private credit funds

Image
Updated On : 15 Jul 2026 | 11:49 PM IST

RBI proposes stricter data governance framework for banks, NBFCs

The RBI has proposed a comprehensive data governance framework for banks and NBFCs, focusing on customer consent, data quality, third-party sharing and board oversight

Image
Updated On : 15 Jul 2026 | 11:16 PM IST

Rupee breaches 96/$; 10-year bond yield rises 6 bps on oil price surge

The rupee weakened beyond 96 per US dollar while the benchmark 10-year bond yield rose 6 basis points as higher crude oil prices and inflation concerns weighed on markets

Image
Updated On : 14 Jul 2026 | 11:58 PM IST

RBI proposes one-time nod for MFs, insurers to raise bank stakes

The central bank has proposed a one-time approval mechanism for mutual funds, insurers and pension funds to acquire major shareholding in banks, replacing repeated approvals

Image
Updated On : 14 Jul 2026 | 11:22 PM IST

Oil prices and monsoon uncertainty will shape RBI's inflation outlook

June inflation rose above the RBI's 4% target, with food, oil prices and monsoon risks clouding the outlook, making a status quo on rates the likely policy choice

Image
Updated On : 14 Jul 2026 | 10:18 PM IST

Commercial papers explained: How companies raise short-term funds

Companies raised a record ₹5.37 trillion through commercial papers in the first quarter of FY27. Here's what they are, who issues them and why their use is rising

Image
Updated On : 14 Jul 2026 | 4:04 PM IST