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The Reserve Bank of India (RBI) was established on April 1 1935 and is the country’s central bank that is responsible for creating financial stability and regulating the country’s currency and credit systems. RBI was established under the Reserve Bank of India Act. It is responsible for regulating the Indian banking system and also managing the country’s main payment systems. Under a specialized division of the RBI- Bharatiya Reserve Bank Note Mudran- it also mints Indian banknotes and coins. Under the Foreign Exchange Management Act 1999, the RBI also manages all the foreign exchange. It facilitates external trade and payments to promote the development of the foreign exchange market in India. Until the Monetary Policy Committee was established in 2016, it also had full control over monetary policy in the country. A 23 member central board of directors are heading the RBI. This includes the governor, four deputy governors, two finance ministry representatives (usually the Economic Affairs Secretary and the Financial Services Secretary), ten government nominated directors and four directors who represent local boards of Mumbai, Kolkata, Chennai and Delhi. Each of these local boards consists of five members who represent regional interests and the interests of co-operative and indigenous banks. More

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  • Sovereign Gold Bond 2017-18 Series-III redemption today: 338% return for investors

    Investors to get ₹12,567 per unit on October 16, 2025; nearly 338% absolute returns from issue price

  • Centre considering new classification code to improve tracking of India's growing fintech space

    Centre considering new classification code to improve tracking of India's growing fintech space

    At present, there is no central database of fintech companies in India. The RBI only tracks entities it directly licenses, while MCA does not have a separate classification at the time of company registration.

  • RBI sees rupee under speculative attack, will intervene further

    RBI sees rupee under speculative attack, will intervene further

    The central bank is unwilling to let the currency breach its record low of 88.8050 per dollar level anytime soon, the person said.

  • OPINION | Inflation targeting needs a reboot to align with current economic structure

    OPINION | Inflation targeting needs a reboot to align with current economic structure

    It should focus on core inflation, not headline inflation, as the share of basic staples in household consumption has fallen. The target for core inflation should be 3.5 percent with boundaries of 1.5 percentage points on either side

  • SMS alerts for transactions below Rs100 to be waived off? Here's what we know so far

    SMS alerts for transactions below Rs100 to be waived off? Here's what we know so far

    Lenders seek to reduce notification clutter for customers as small-value UPI transactions surge; proposal aims to prevent alert fatigue and missed major transaction messages.

  • Banking Central | RBI's digital innovation: Laudable moves but caution is a must

    Banking Central | RBI's digital innovation: Laudable moves but caution is a must

    The Unified Lending Interface paves the way for a blockchain powered financial future but the RBI will need the guardrails in place to thwart threat actors who are always a step ahead

  • RBI appoints Sonali Sen Gupta as new executive director

    RBI appoints Sonali Sen Gupta as new executive director

    As Executive Director, Sen Gupta will oversee the Consumer Education and Protection Department, the Financial Inclusion and Development Department, and the Inspection Department, the central bank said.

  • OPINION | Acquisition Financing: RBI should keep prudence at the heart of reform 

    OPINION | Acquisition Financing: RBI should keep prudence at the heart of reform 

    Allowing Indian banks to fund corporate acquisitions introduces opportunities but also unfamiliar risks - ones most are neither structured nor seasoned to manage. What is framed as financial modernisation must be guided by the same prudence that has long defined India’s banking stability under RBI’s stewardship

  • RBI steps up offshore forex defence to shield rupee

    RBI steps up offshore forex defence to shield rupee

    The central bank has built up short dollar positions of at least $15 billion in the non-deliverable forwards market over the past two to three weeks

  • OPINION | RBI's October 2025 Policy Shift: Bold regulatory reforms for a resilient future

    OPINION | RBI's October 2025 Policy Shift: Bold regulatory reforms for a resilient future

    The RBI’s October 2025 policy overhaul focuses on price stability, strengthened Basel norms, AI regulation, and revamped credit frameworks. This shift aims to enhance financial resilience, encourage innovation, and sustain growth

  • Chart of the Day | Where do households see inflation ahead?

    Chart of the Day | Where do households see inflation ahead?

    The RBI’s latest surveys offer a glimpse into the public expectations on inflation

  • M&A funding: Why banks must lend with their eyes open

    M&A funding: Why banks must lend with their eyes open

    Allowing banks to finance takeovers could unleash a deal wave. But unless guardrails are tight, today’s “growth enabler” could turn into tomorrow’s NPA headache

  • RBI to launch certificate of deposits' tokenisation tomorrow, says official

    RBI to launch certificate of deposits' tokenisation tomorrow, says official

    Pati cautioned that such innovations must be approached thoughtfully, with robust legal and regulatory frameworks in place

  • India’s 8% growth hinges on private investment revival, says Michael Patra

    India’s 8% growth hinges on private investment revival, says Michael Patra

    Government’s capital expenditure has played its part and consumption now holds the key to sustaining growth, the former RBI deputy Governor tells Moneycontrol

  • India's forex reserves drop by $2.3 billion to $700.2 billion

    India's forex reserves drop by $2.3 billion to $700.2 billion

    The gold reserves increased by $2.238 billion to $95.017 billion during the week, the central bank said

  • RBI grants self-regulatory body status to FIDC for non-bank lending sector

    RBI grants self-regulatory body status to FIDC for non-bank lending sector

    Self-regulatory organisations are expected to help develop industry standards and best practices, and ensure that members adhere to these

  • RBI eases rules, brokerages bet on private banks with stronger capital base

    RBI eases rules, brokerages bet on private banks with stronger capital base

    Brokerages maintained their bullish stance on large banks citing resilience, capital strength, and better liability profiles after RBI's slew of measures.

  • RBI's risk-based deposit insurance premium: A prudent push, but the real trust booster lies in hiking coverage limits

    RBI's risk-based deposit insurance premium: A prudent push, but the real trust booster lies in hiking coverage limits

    While the proposal incentivises banks to manage risks better, without raising the Rs 5 lakh insurance cap, depositors' confidence in the system remains shaky amid rising uncertainties

  • BNPL startup Simpl lays off 100 employees after RBI's crackdown on payments operation

    BNPL startup Simpl lays off 100 employees after RBI's crackdown on payments operation

    The drastic restructuring comes at a time when Simpl is grappling with regulatory headwinds. The company had around 220 employees on role and will now retain around 50-60 for payment collections.

  • RBI allows AD banks to extend rupee loans in Bhutan, Nepal, Sri Lanka

    RBI allows AD banks to extend rupee loans in Bhutan, Nepal, Sri Lanka

    The MPC also announced additional measures, including the inclusion of select currencies of India’s major trading partners in the list of reference rates published by Financial Benchmarks India Ltd

  • Is this the unexpected Navratri gift of RBI to banks?

    Is this the unexpected Navratri gift of RBI to banks?

    Further easing of the regulatory environment to boost the performance of lenders

  • Rural inflation expected to ease as consumer confidence improves: RBI MPC

    Rural inflation expected to ease as consumer confidence improves: RBI MPC

    According to a RBI report, households in rural and semi-urban areas reported a slight uptick in their current perception of inflation, which rose by 10 bps to 5.9 percent compared with the previous round of surveys.

  • RBI plans AI-driven digital payments intelligence platform to flag risky transactions

    RBI plans AI-driven digital payments intelligence platform to flag risky transactions

  • Investor relief: RBI hikes loan limit against shares to Rs 1 crore, IPO financing to Rs 25 lakh

    Investor relief: RBI hikes loan limit against shares to Rs 1 crore, IPO financing to Rs 25 lakh

    Governor Sanjay Malhotra announced that the repo rate remains unchanged at 5.5% and said the regulatory ceiling on lending against listed debt securities will be removed, making it easier for investors to access credit.

  • UPI to remain free of any charges, says RBI guv Malhotra; Paytm stock jumps

    UPI to remain free of any charges, says RBI guv Malhotra; Paytm stock jumps

    RBI Governor Sanjay Malhotra's statement reinforces the government and RBI’s stance of keeping UPI a zero-cost platform to encourage wider adoption of digital payments across the country.

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