Wednesday, February 26, 2025 | 06:57 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

Reserve Bank of India frees up bank capital with NBFC risk weight rollback

Following the increase in risk weights, bank loan growth to shadow banks fell sharply

Image
Updated On : 25 Feb 2025 | 11:49 PM IST

Rupee records steepest single-day fall in 3 weeks against US dollar

The rupee depreciated by around 50 paisa, or 0.58 per cent, to settle at 87.21 against the dollar, compared to the previous close of 86.71 per dollar

Image
Updated On : 25 Feb 2025 | 11:00 PM IST

Datanomics: Urban areas record higher consumption expenditure disparity

Monthly consumption expenditure by Scheduled Tribe (ST) households is 17.2 per cent less in rural areas and 13.5 per cent less in urban areas compared to the national average in FY24 (July-June)

Image
Updated On : 24 Feb 2025 | 11:55 PM IST

RBI raises UCBs' small-value loans per borrower cap to Rs 3 crore

According to RBI norms, UCBs are required to have at least 50 per cent of their aggregate loans and advances consisting of small value loans by March 31, 2026

Image
Updated On : 24 Feb 2025 | 11:44 PM IST

Credit card spending rises by 10.8% to Rs 1.84 trn in Jan 2025: RBI data

Per card spending in the industry stood at Rs 16,910, up 1.09 per cent from the same period last year

Image
Updated On : 24 Feb 2025 | 11:50 PM IST

RBI draft norms on foreclosure charges to hit lenders' profits: Analysts

The hit on non-banking financial companies (NBFCs) would be larger compared to banks, they said

Image
Updated On : 25 Feb 2025 | 12:13 AM IST

A year on, Paytm Payments Bank nudges users to reactivate wallets

The reactivation effort comes at a time when the payments bank has lost 72.25 per cent of its prepaid payment instrument (PPI) wallets from 363.15 million

Image
Updated On : 24 Feb 2025 | 12:10 AM IST

Former RBI Guv Shaktikanta Das appointed Principal Secretary-2 to the PM

Former RBI Governor Shaktikanta Das has been appointed as Principal Secretary-2 to Prime Minister Narendra Modi. His tenure will be co-terminus with the prime minister's term or until further orders

Image
Updated On : 22 Feb 2025 | 6:13 PM IST

RBI likely to hold fresh talks on project financing in three months

Last year in May 2024, RBI released a draft direction outlining the prudential framework for project loan financing

Image
Updated On : 22 Feb 2025 | 12:14 AM IST

RBI to conduct $10 billion buy/sell swap to infuse durable liquidity

The RBI has injected over Rs. 3.6 trillion of durable liquidity into the banking system so far through a combination of OMO purchases, FX swaps, and longer-duration variable rate repo auctions

Image
Updated On : 21 Feb 2025 | 11:43 PM IST

Reserve Bank of India for foreclosure of biz loans to MSEs, individuals

The RBI has invited comments and feedback from stakeholders and the public on the draft circular by March 21

Image
Updated On : 22 Feb 2025 | 12:21 AM IST

Reserve Bank of India issues norms for forward contracts in G-secs

Aims to assist long-term investors in managing cash flows

Image
Updated On : 21 Feb 2025 | 8:17 PM IST

Tata Capital board to meet next week to decide on rights issue plans

The board's meeting, to discuss the size and timing of the rights issue, came shortly after the company sought shareholders' approval in January

Image
Updated On : 21 Feb 2025 | 11:54 PM IST

RBI warns of excessive unsecured loans, euphoria over derivative products

RBI deputy governor M Rajeshwar Rao emphasises on meaning engagement beyond account opening

Image
Updated On : 21 Feb 2025 | 5:43 PM IST

Govt should bear higher premium for increased deposit insurance: AIRBEA

Currently, with coverage being for Rs 5 lakh, 97.8 per cent of the total number of deposit amounts are fully protected. However, in terms of value only 43.1 per cent of the deposits are insured

Image
Updated On : 20 Feb 2025 | 6:22 PM IST

Raise deposit insurance cover to Rs 10L: All India Reserve Bank staff body

AIRBEA has cautioned that raising the deposit insurance cover would increase the premium burden on banks, which may not be fair for well-regulated commercial banks with low failure rates

Image
Updated On : 20 Feb 2025 | 5:25 PM IST
Updated On : 19 Feb 2025 | 11:45 PM IST

Flows in NRI deposits up 43% to $13.33 bn in April-December 2024: RBI

The total outstanding NRI deposits as of the end of December 2024 stood at $161.8 billion, the latest data released by RBI showed

Image
Updated On : 19 Feb 2025 | 11:49 PM IST

Net FDI in India declines to $1.2 billion Apr-Dec 2024, says RBI data

Gross inward FDI during April-November 2024 increased by 20.6 per cent year-on-year (Y-o-Y) to $62.5 billion from $51.8 billion a year ago

Image
Updated On : 19 Feb 2025 | 11:42 PM IST

Union Budget balances fiscal and growth objectives, says RBI report

According to the report, the budget reaffirms the government's commitment to fiscal discipline while fostering inclusive, long-term economic growth in line with the vision of Viksit Bharat

Image
Updated On : 19 Feb 2025 | 11:40 PM IST