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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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    • Bonds trade flat amid US-Iran tensions, all eyes on crude prices

      The benchmark 10-year bond yield fell to 6.71% on from 6.72% on February 20

    • Brokers seek urgent FinMin meet over RBI’s new capital market norms: Sources

      Brokers may request six month deferment of RBIs direction in the meeting with the finance ministry officials also may request for relook on STT hike proposal.

    • RBI MPC minutes: Global investors nervous, financial markets remain volatile, says Governor Malhotra

      Growth-supportive measures in Union Budget will boost growth and US, EU trade deals have improved external sector outlook, Sanjay Malhotra said

    • OPINION | Vault Matters: RBI’s directive on mis-selling is a band-aid on the wound, not a cure

      RBI is trying to fix the distribution aspect of mis-selling. The role of mutual funds and insurers remains unaddressed. Sebi and IRDAI have to step up to address core issues  

    • Reserve Bank asks NPCI to probe rising UPI autopay debit complaints: Report

      The increase in grievances, including complaints escalated to cybercrime authorities, prompted NPCI to review the issue

    • OPINION | India’s Banking Liquidity Paradox: Massive infusion but hardening yields

      Over 14 months beginning December 2024, RBI injected almost Rs 18 trillion of permanent liquidity. Yet, yields hardened. This was because large-scale dollar sales by the central bank offset the liquidity surge

    • Fighting dark patterns: What new RBI draft mis-selling rules mean for banks, customers

      The new RBI draft rules for advertising, marketing and mis-selling of financial products aim to strengthen consumer protection and curb malpractices in financial institutes

    • Overseas investments set for smoother route as RBI reviews norms: Report

      Many bankers believe that ambiguities in overseas investment and unofficial curbs discourage outflows.

    • Rupee opens 5 paisa down at 90.65 against dollar, traders stay on sidelines

      The rupee was trading at 90.65 to the dollar after ending the previous session at 90.60

    • Brokers flag liquidity risks in RBI’s new credit curbs on capital market intermediaries, likely to make representation to regulators

      To address concerns, market participants are seeking a calibrated approach, including joint consultations between the RBI, SEBI and broker associations.

    • RBI grants approval to Bain Capital for acquiring up to 41.7% stake in Manappuram Finance

      With this approval, Bain Capital will be classified as a promoter of the Company and will jointly control Manappuram Finance along with the existing promoters, it said.

    • RBI mandates 100% collateral for broker funding; no bank funding for prop trading under new amendments

      Bank guarantees issued in favour of exchanges or clearing houses must be backed by at least 50 percent collateral, of which 25 percent must be in cash, and equity shares accepted as collateral will attract a minimum 40 percent haircut for prudential valuation.

    • Bond yields fall after government undertakes debt switch with RBI

      The benchmark bond yield fell to 6.6692% on February 13

    • RBI proposes rules mandating civil conduct, loan recovery agents shall interact with the borrower in a civil manner

      Agents must respect the borrower’s privacy. Maintain hours of contact and avoid recovery calls/visits during inappropriate occasions

    • High-level banking panel to review voting rights threshold for foreign bank subsidiaries

      The proposal to evaluate 26% ceiling on voting rights is viewed as a step towards removing the restrictions around foreign banks taking strategic initiatives. Change will be applicable only to banks operating through the wholly owned subsidiary route.

    • RBI surprises market with aggressive pre-open dollar sales, say bankers

      The rupee rallied at the open to 90.4550 per dollar after settling at 90.70 in the previous session

    • RBI to tighten noose on mis-selling of financial products; issues draft amendment directions on sales, marketing

      .The draft amendment directions aim at strengthening customer protection norms and curbing mis-selling, compulsory bundling, and deceptive digital practices.

    • RBI’s risk-based deposit insurance framework: Who pays less, who pays more, and why it matters

      Stronger banks will pay less, weaker banks will pay more, and the rules of risk are being rewritten

    • Values, not just strategy, define institutional strength, RBI deputy governor Swaminathan

      Regulatory compliance should be viewed as a pillar of credibility rather than a box-ticking exercise, the RBI deputy governor has said

    • Banking Central | RBI pause is less about inflation and more about trust in the cycle

      The message from the central bank is clear — the quality of growth matters as much as the pace

    • RBI proposes to deepen debt markets with new corporate bond index derivatives

      Union Budget 2026 laid out a series of measures to introduce total return swaps for corporate bonds

    • Indian bonds decline as RBI refrains from fresh debt purchases

      Lack of RBI buying may pile further pressure on bonds to extend losses as it has been a key source of demand in recent months, analysts said.

    • RBI MPC Analysis | Enough of heavy-lifting, let’s wait for results

      RBI's commentary indicates we may be headed for a long pause. The question is how will the liquidity management happen from here on

    • RBI announces measures to boost financial inclusion, MSME credit, REIT financing

      The measures are aimed at improving last-mile credit delivery, strengthening institutional financing frameworks and supporting growth in both the MSME and real estate sectors, governor Sanjay Malhotra has said

    • India may go slow on full digital rupee rollout, track global cues

      India is monitoring developments in the United Kingdom and parts of Europe and could either wait for other major economies to launch first or align its rollout with them

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