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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 absorbs ₹2.10 trillion via VRRR auctions amid surplus liquidity

During the first auction, the central bank received bids worth ₹2,10,688 crore for a notified amount of ₹2 trillion

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Updated On : 05 Oct 2026 | 3:02 PM IST

India's bond yield curve poised to flatten as RBI drains surplus cash

The 5-10 year yield gap is expected to narrow as the RBI drains surplus cash, pressuring shorter maturities

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Updated On : 05 Oct 2026 | 8:48 AM IST

Policy response

Compelling reasons for an increase in the repo rate

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Updated On : 04 Oct 2026 | 9:58 PM IST

RBI backs blockchain technology, remains cautious on crypto: Guv Malhotra

Sanjay Malhotra said RBI supports distributed ledger technology and tokenisation but remains wary of crypto assets over concerns about sovereignty, policy and capital flows in emerging economies

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Updated On : 03 Oct 2026 | 2:26 PM IST

Today's financial resilience does not guarantee future stability: RBI guv

Speaking at the KEC 2026, Malhotra outlined five priorities for policymakers and called for continued vigilance against emerging systemic risks that are increasingly cross-border and interconnected

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Updated On : 03 Oct 2026 | 1:57 PM IST

Matter of liquidity: How the RBI manages cash in the banking system

Why the central bank relies on a mix of short- and long-term tools to keep money in check

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Updated On : 02 Oct 2026 | 11:58 AM IST

RBI MPC meet from Oct 5-7: Will RBI hike the repo rate this time?

RBI's MPC will meet from October 5-7 to decide on interest rates; economists expect a 25-basis-point hike to 5.5 per cent as inflation rises and global central banks tighten policy

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Updated On : 02 Oct 2026 | 9:46 AM IST

Indian banks faced $500 million FX losses after RBI position curbs

Crisil Coalition Greenwich said banks recovered around $400 million after market spreads widened and positions were normalised following the RBI directive

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Updated On : 02 Oct 2026 | 7:11 AM IST

Kotak Mahindra Bank appoints Anup Saha as MD & CEO for three-year term

The bank on Thursday said the RBI had given its nod to the appointment, effective January 1, 2027

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Updated On : 01 Oct 2026 | 11:12 PM IST

RBI extends benchmark issuance strategy to 7 more states, J&K from Q3 FY27

The framework will cover more states and Jammu and Kashmir from Q3 FY27, while total market borrowing by states and Union Territories is expected at ₹3.61 trillion.

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Updated On : 01 Oct 2026 | 8:54 PM IST

India's $133 billion cash deluge puts RBI on a more hawkish policy path

Record inflows from Indians abroad have left banks flush with cash, pushing overnight rates below the RBI's 5.25 per cent policy rate as inflation pressures build

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Updated On : 01 Oct 2026 | 11:10 AM IST

NSE moves closer to corporate bond index futures after Sebi nod

NSE has received Sebi's no-objection certificate to introduce corporate bond index futures, with the proposed product still requiring RBI approval.

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Updated On : 01 Oct 2026 | 9:04 AM IST

US 30-yr yield rises to highest level since 2002: What this means for rupee

̌US 30-year Treasury yield hits its highest level since 2002 amid inflation concerns and higher oil prices

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Updated On : 30 Sep 2026 | 12:06 PM IST

Why are Tata group stocks falling today? TTML, Tata Chem, TMPV dip up to 5%

Tata Trusts, led by Chairman Noel Tata and holding 66% of Tata Sons, has proposed merging TESS and TCE with Tata Sons to help the holding company remain private and exit the RBI's NBFC/CIC framework.

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Updated On : 29 Sep 2026 | 10:18 AM IST

RBI completes ₹1 trillion net debt sale for first time in a decade

New Delhi recently reduced the supply ​of debt maturing in three and five years for the rest of the fiscal year, signalling more open-market ​operations (OMO) from the RBI, market participants said.

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Updated On : 28 Sep 2026 | 5:52 PM IST

Bank holidays in October 2026: Check state-wise RBI holiday list of 11 days

Banks in India will be closed for many days in Oct 2026, including national and regional holidays. The RBI's holiday calendar marks numerous non-working days affecting banks state-wise

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Updated On : 28 Sep 2026 | 8:00 AM IST

RBI carries out currency swaps worth at least $10 bn to reduce liquidity

The Reserve Bank of India has conducted sell-buy dollar-rupee swaps with lenders over the past two weeks, taking rupees out of the financial system to contain risks from surplus liquidity

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Updated On : 24 Sep 2026 | 11:47 AM IST

RBI absorbs ₹75,026 cr via overnight VRRR auction amid surplus liquidity

The RBI has been conducting various VRRR auctions since last month to absorb excess liquidity from the banking system and align overnight money market rates to the repo rate

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Updated On : 23 Sep 2026 | 2:32 PM IST

PSBs see rate repricing as margin reprieve amid RBI rate hike expectations

High exposure to repo-linked RAM loans could help public sector banks reprice assets faster than deposits if the RBI raises rates

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Updated On : 21 Sep 2026 | 12:08 AM IST

India's software services exports rise 8.2% to $221.4 bn in FY26: RBI data

India's software services exports rose 8.2 per cent in 2025-26, led by computer services, while the US remained the top destination with a 54.1 per cent share of exports

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Updated On : 20 Sep 2026 | 4:41 PM IST