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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

Should central bankers consider pitfalls of making declarative statements?

In recent times, central bankers have stressed the need to be nimble, humble even. Recent mistakes warrant some humility

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Updated On : 17 Oct 2022 | 5:48 PM IST

Top headlines: RBI's move on 5 NBFCs, bank privatisation, and more

Here are the top headlines on Thursday morning

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Updated On : 26 May 2022 | 7:02 AM IST

Gift City gold imports: Qualified jewellers can make advance payment

Banks have been asked to carry out all the due diligence and ensure remittances sent are only for the bona fide import transactions through exchange/s authorised by IFSCA

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Updated On : 23 Nov 2022 | 11:36 AM IST

Credit growth vaults in metros to 9.7% in FY22 despite second wave

The growth was 1.7% in FY21 and 4.8% cent in FY20, a pre-pandemic year

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Updated On : 25 May 2022 | 9:07 PM IST

RBI cancels registration of five NBFCs due to irregular lending practices

The firms have been accused of charging excessive interest rates and harassing customers for loan recovery, among other things

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Updated On : 26 May 2022 | 12:06 AM IST

RBI issues norms for gold import by qualified jewellers through IIBX

The RBI on Wednesday came up with norms for facilitating physical import of gold through India International Bullion Exchange IFSC (IIBX) or similar authorised exchange by Qualified Jewellers

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Updated On : 02 Aug 2023 | 10:03 AM IST

RBI cancels registration of 5 NBFCs, cites 'irregular' lending practices

The Reserve Bank on Wednesday said it has cancelled Certificate of Registration of five NBFCs for violation of norms related to outsourcing and fair practices code in their digital lending operations.

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Updated On : 02 Aug 2023 | 10:03 AM IST

Retail inflation may settle at 5.7-6.9% in FY23 after fuel duty cuts

Economists expect 40-50 bps hike in repo rate by MPC next month

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Updated On : 02 Aug 2023 | 10:14 AM IST

Inflation, rates hikes may push yields up further: DSP Investment's Yadav

In a Q&A, the head of the fixed income vertical at the firm says the 10-year benchmark rising above 7% is normal and not a sign of instability

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Updated On : 26 May 2022 | 2:43 AM IST

Polarisation damaging foundations of India's growth: Kaushik Basu

Basu further said India's big challenge is unemployment and joblessness as youth unemployment in India is over 24 per cent, which is among the highest in the world

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Updated On : 24 May 2022 | 3:42 PM IST

Credit card spend jumps 48% to top Rs 1 trillion in March, shows data

The jump has been driven by the pickup in consumption as the pandemic recedes

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Updated On : 24 May 2022 | 2:10 AM IST

JPMorgan warns India earnings optimism overdone as stocks falter

The warning comes as sell-side analysts estimate overall earnings per share for companies in the benchmark NSE Nifty50 Index to rise almost 17 per cent over the next 12 months

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Updated On : 24 May 2022 | 12:47 AM IST

Overseas investors' concerns remain as shift to T+1 settlement cycle nears

Issues around on trade confirmation day, forex booking, pre-funding yet to be fully settled

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Updated On : 24 May 2022 | 1:06 PM IST

RBI-constituted panel to review customer service standards in banks, NBFCs

The RBI on Monday said it has set up a committee to evaluate the efficacy, adequacy and quality of customer service in banks, NBFCs, and other entities regulated by it.

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Updated On : 22 Nov 2022 | 8:45 PM IST

Don't expect a big jump in current account deficit: RBI Guv Shakikanta Das

The RBI governor said that inflation projection will be realistically given in next monetary policy committee meet due to take place in June

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Updated On : 23 May 2022 | 1:04 PM IST

Explained: Do NBFCs have a better future than large, diversified players?

Non-banking financial companies may have entered a comfort zone years after having been put through the wringer

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Updated On : 23 May 2022 | 6:03 AM IST

Unexpected, but also unacceptable

Russian invasion's multi-dimensional impact, and India's meek acceptance of the damage done to its economy

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Updated On : 01 Dec 2023 | 3:06 PM IST

Limited impact

Tax cuts will not lower inflation significantly

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Updated On : 07 Nov 2022 | 1:54 PM IST

Fintech regulation must be calibrated

Fintechs have leveraged the gaps in traditional financial institutions and processes to provide increased efficiency and productivity. They have been a vehicle of financial inclusion

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Updated On : 22 May 2022 | 10:12 PM IST

India looking at spending Rs 2 trillion more to fight inflation: Report

To fight the ongoing inflation in the global market, India is looking at spending an additional 2 trillion rupees and balance the national economy

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Updated On : 22 Nov 2022 | 9:06 PM IST