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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

Increase in rupee volatility in Dec shows little signs of abating

Implied volatility over 3-month, 6-month period remains elevated

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Updated On : 24 Dec 2024 | 11:27 PM IST

State finances improve, but reforms needed to address lingering issues

The latest RBI study showed that the adoption of fiscal-responsibility rules had helped states

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Updated On : 24 Dec 2024 | 11:07 PM IST

Net FDI into India slows to $2.2 billion during April-October: RBI data

The slowdown in net FDI into India is consistent with trends observed in other emerging market economies, including Mexico, Vietnam, Indonesia, the Philippines, and Thailand, among others

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Updated On : 24 Dec 2024 | 8:21 PM IST

Rupee remains under pressure, touches new low of 85.12 per dollar

The local currency had settled at 85.02 per dollar after choppy trading on Friday, touching 85.11 per dollar before regaining ground against the greenback on the back of FTSE rebalancing inflows

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Updated On : 23 Dec 2024 | 11:22 PM IST

Banks lobby RBI to approve new benchmark for overnight indexed swaps

The move is intended to improve price discovery in the interest-rate swap market

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Updated On : 23 Dec 2024 | 1:33 PM IST

2024 financial wrap: Inflation, GDP, and RBI's regulatory vigilance

The overarching theme of this year has been the RBI's new approach to vigilance

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Updated On : 22 Dec 2024 | 5:15 PM IST

Policy rates have limited impact on food prices: MPC external members

December marked the second policy review meeting for the external members, who have a fixed four-year term

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Updated On : 21 Dec 2024 | 12:08 AM IST

RBI's many roles hinder core monetary policy mandate, resolution is crucial

Most central banks (CB) are narrowly focused on monetary policy. The RBI has a sprawling mandate. The trouble is these roles contain many inherent conflicts

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Updated On : 19 Dec 2024 | 10:13 PM IST

Draft Bill moots unregulated lending ban, up to 10-year imprisonment

The Banning of Unregulated Lending Activities Bill calls for the CBI to handle probes in cases spanning multiple states or UTs

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Updated On : 19 Dec 2024 | 11:32 PM IST

State govt fiscal situation improves; sops may crowd out resources

Market borrowing surged 32.8% in FY24, RBI report says

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Updated On : 19 Dec 2024 | 11:23 PM IST

RBI ramps up forward dollar sales to defend stumbling rupee, say traders

In the last two trading sessions, the Reserve Bank of India (RBI) conducted buy-sell swaps of an estimated size of $3 billion-4 billion

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Updated On : 19 Dec 2024 | 2:40 PM IST

Municipal fiscal reforms crucial for addressing urban governance challenges

Decentralising local governance is crucial to empowering municipal bodies with greater administrative autonomy and financial independence

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Updated On : 18 Dec 2024 | 10:48 PM IST

RBI dials down use of NDFs to fight dollar, balance rupee stability

The Reserve Bank of India has recently let some short dollar positions in the overseas market expire without rolling into new contracts

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Updated On : 18 Dec 2024 | 1:58 PM IST

Edelweiss Financial rises 3% as RBI lifts ban on two Edelweiss Group cos

The initial uptick in Edelweiss Financial Services share came after the RBI, with immediate effect, lifted the restrictions imposed on ECL Finance, and Edelweiss ARC

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Updated On : 18 Dec 2024 | 10:52 AM IST

Rupee weakens to new low of 84.93 as trade deficit hits record high

The local currency settled at Rs 84.90 per dollar as the Reserve Bank of India (RBI) intervened in the foreign exchange market via dollar sales

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Updated On : 17 Dec 2024 | 7:28 PM IST

The new RBI should revert to old rupee policy to address challenges

In our earlier piece in these pages, we highlighted the unwelcome consequences of the exchange rate policy adopted under the outgoing Reserve Bank of India (RBI) regime

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Updated On : 17 Dec 2024 | 12:33 AM IST

Strive for perfection in performing critical roles, RBI Guv to colleagues

Malhotra to follow an open door policy and remain accessible to everyone at RBI

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Updated On : 16 Dec 2024 | 10:23 PM IST

Support realisation of 'Viksit Bharat' goal: RBI Guv asks colleagues

The career bureaucrat appointed to lead the central bank "reassured" staffers that the RBI, an "august institution", is his "family" now

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Updated On : 16 Dec 2024 | 9:58 PM IST

Bad loans in P2P more than doubles to Rs 1,163 cr in FY24: Report

RBI tightened its guidelines for P2P lending in Aug, flagging regulatory violations by some platforms

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Updated On : 16 Dec 2024 | 11:16 PM IST

RBL Bank re-appoints R Subramaniakumar as MD & CEO for a period of 3 years

R Subramaniakumar was initially appointed for a period of three years as MD and CEO of the bank in June 2022

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Updated On : 16 Dec 2024 | 6:30 PM IST