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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

Rate cut unlikely in Feb review or in FY26: Axis Bank's Neelkanth Mishra

A rate cut will not be possible for the next 13-14 months due to the inflation outlook, said Mishra, who is also a part-time member of the PM's Economic Advisory Council

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Updated On : 11 Dec 2024 | 9:41 PM IST

'Credit card delinquencies rise in June even as issuance growth drops'

According to CRIF Highmark report, highest delinquency was in credit cards with limits less than Rs 50,000

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Updated On : 11 Dec 2024 | 11:45 PM IST

Stability, trust, and growth key: RBI Guv Sanjay Malhotra in first address

'We cannot be stuck. We have to be agile while maintaining policy continuity,' Sanjay Malhotra said in his first address as RBI governor

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Updated On : 11 Dec 2024 | 4:26 PM IST

10-year bond yield may fall to 6.6% if RBI eases in Feb: ICICI's Prasanna

Prasanna expects a shallow monetary easing cycle of 50 basis points, with a 25-basis-point reduction in February, and a similar one in April or June

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Updated On : 11 Dec 2024 | 3:31 PM IST

Sanjay Malhotra assumes charge as new RBI governor amid economic challenges

Malhotra's appointment marks him as the first RBI governor since Duvvuri Subbarao to transition directly from the Finance Ministry

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Updated On : 11 Dec 2024 | 12:49 PM IST

Stable govt, GDP growth to help India get FPIs: Barclays' Prez Dainton

India has a demographic advantage and substantial growth and a political system that is relatively calm and consistent, Stephen Dainton, President of Barclays Bank PLC said

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Updated On : 11 Dec 2024 | 11:13 PM IST

Rupee likely to maintain downward drift, RBI counted on to cap losses

The one-month non-deliverable forward indicated that the rupee may open near 84.88

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Updated On : 11 Dec 2024 | 9:14 AM IST

Packing and labelling imported goods don't confer Indian-origin status

The balances in the RVAs are built through inward remittances in freely convertible currencies

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Updated On : 11 Dec 2024 | 1:14 AM IST

Civil servants at Mint Road: A legacy of leadership at the RBI helm

Economists can still look forward to filling the deputy governor's position

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Updated On : 10 Dec 2024 | 10:54 PM IST

Will do what is best for economy, says incoming RBI guv Sanjay Malhotra

Malhotra, 56, will take over as governor today at a time when there is growing clamour for an interest rate cut to support slowing economic growth

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Updated On : 10 Dec 2024 | 11:08 PM IST

India set for resilient growth in 2025 driven by urban consumption: S&P

For 2025-26 and 2026-27, S&P Global Ratings pegged India's GDP growth forecast at 6.7 per cent and 6.8 per cent, respectively, down 20 basis points from its previous estimates

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Updated On : 10 Dec 2024 | 11:51 PM IST

Burmans get RBI nod for 26% Religare stake offer, await Sebi approval

The RBI grants conditional approval for the Burman family's 26% stake offer in Religare, with restrictions on board changes. Sebi approval is still pending amid valuation disputes

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Updated On : 10 Dec 2024 | 2:55 PM IST

India to continue resilient growth, RBI may do modest rate easing: S&P

In its India outlook for 2025, S&P also retained India's growth forecast for current fiscal at 6.8 per cent, followed by 6.9 per cent growth in 2025-26

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Updated On : 10 Dec 2024 | 2:27 PM IST

Restoring inflation-growth balance most important priority for RBI: Das

Outgoing RBI Governor Shaktikanta Das hoped that there would be a nationwide roll-out of Unified Lending Interface

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Updated On : 10 Dec 2024 | 11:50 PM IST

Will work to understand all perspectives, do what's best: Sanjay Malhotra

Malhotra, 56, who is currently the Revenue Secretary in the Ministry of Finance, was on Monday evening named by the government to succeed Shaktikanta Das as the governor of the central bank

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Updated On : 10 Dec 2024 | 1:51 PM IST

RBI governors keep in mind requirements of the wider economy as well: Das

Outgoing RBI Governor Shaktikanta Das reflects on six years at the helm as Sanjay Malhotra prepares to take over

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Updated On : 10 Dec 2024 | 1:31 PM IST

Economists react to India's new central bank chief announcement

With a new governor at the helm of the Reserve Bank of India (RBI) and a deputy governor retiring next month, the RBI's monetary policy committee (MPC) will have a new look

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Updated On : 10 Dec 2024 | 12:50 PM IST

'Did a good job': KV Kamath lauds Das, backs Sanjay Malhotra for RBI role

KV Kamath commends outgoing RBI Governor Shaktikanta Das for his leadership and expresses confidence in Sanjay Malhotra's capabilities as the new RBI Governor

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Updated On : 10 Dec 2024 | 12:48 PM IST

Still holding Rs 2,000 notes? Here's how to exchange or deposit them

98.08% of Rs 2,000 notes have been returned, but the remaining ones are still legal tender. Here's how to manage them before the window closes

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Updated On : 10 Dec 2024 | 11:12 AM IST

Rupee hits record low as appointment of new RBI chief spurs dovish bets

The rupee hit a low of 84.80 in early trading, surpassing its previous all-time low of 84.7575 hit last week

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Updated On : 10 Dec 2024 | 10:33 AM IST