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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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    • RBI allows exchange of Indian rupee at forex counters in international airport departure areas

      Earlier, such foreign exchange counters were only allowed to buy Indian rupee from non-residents and sell foreign currency to them.

    • RBI snaps Indian banks' link to NDF market; arrests rupee fall for now

    • Govt backs RBI’s crackdown on currency speculation

      State-run banks should refrain from speculative positions in offshore markets when the rupee is under pressure, a person familiar with the matter said.

    • Rupee set for gains as RBI steps up curbs against speculators

      With cash trading shuttered for a two-day break, dollar-rupee forwards have fallen about 1.4% so far this week to indicate expectations for the Indian currency to advance when markets reopen.

    • April 2026 Bank Holidays: Bank closures from Good Friday to Akshaya Tritiya; Check city-wise holiday list

      April 2026 Bank Holidays: Apart from these holidays, banks remain shut on all Sundays as well as the second and fourth Saturdays of every month.

    • RBI defers new capital market rules, eases broker-related norms till July 1, but no change in key proposals

      The amendment directions, issued in February, were initially due to be effective April 1

    • RBI defers acquisition finance implementation by three months to July 1

      Banks, capital market intermediaries and industry associations had sought an extension of the effective date and flagged operational and interpretational issues, the RBI said

    • Bank Holiday: Will banks remain closed on Mahavir Jayanti & Year-End Closing on March 31st?

      Despite branch closures, essential banking services will continue without interruption through digital platforms.

    • Govt may need to support airlines as fuel costs rise, stress to worsen: PMEAC member Rakesh Mohan

      Mohan flags pressure on Air India, IndiGo, SpiceJet and Akasa; warns LNG disruptions could raise import bill, hit demand

    • Axis Chief Amitabh Chaudhry Says Bank Ready With Full Suite Of Products As RBI Allows M&A Financing

      In Latha & The Leader Axis Bank’s Amitabh Chaudhry tells Latha he sees no impact of war yet on loan growth or quality; but admits deposit crunch will trim margins. Beyond the near term Chaudhary is looking to list 2 entities: Axis Finance & Axis Max Life Insurance and get the group ready to offer a full suite of products

    • India retains headline inflation target at 4% following review

      The target will remain in place for five years

    • RBI explores CBDC ties with 4-5 nations to boost cross-border payments: Report

      The proposed framework is expected to cover both wholesale and retail transactions.

    • Charting the global economy: Interest rate hikes may be coming

      Central bankers around the world are in a tough spot

    • India's forex reserves drop $7 billion to $709.76 billion: RBI

      For the week ended March 13, foreign currency assets, a major component of the reserves, fell $7.678 billion to $555.568 billion, the data released by the central bank showed

    • SEBI drops action against Vishvaraj Environment and 3 merchant bankers as RBI confirms lapses regularised

      Taking note of the RBI’s updated position, SEBI held that the very basis of the show cause notice, the existence of serious, unresolved regulatory violations, no longer existed.

    • RBI proposes new rules to protect customers from digital banking fraud from July 1

      A bank shall advise its customers that on occurrence of any fraudulent electronic banking transaction, they should notify the bank and also lodge a complaint through National Cyber Crime Reporting Portal

    • OPINION | Desperately Seeking Deposits: India liquidity tight despite RBI rate cuts

      Despite RBI rate cuts and liquidity support short-term rates remain high as deposit growth lags credit cash circulation rises and government balances restrict banking liquidity

    • Policy rates likely to stay same or go lower: RBI Governor Sanjay Malhotra

      Malhotra, who has completed an year as RBI governor, said India's macroeconomic fundamentals continue to remain healthy and robust.

    • From quick commerce to quick credit: Are instant loans helping or hurting borrowers?

      Borrowers should ensure that the tenure aligns with their monthly cash flows and that repayment obligations are manageable

    • RBI summons Yes Bank officials over forex card CVV data breach: Report

      The RBI is seeking specific clarity on how confidential card data, especially CVV numbers, may have been exposed and what immediate containment steps were taken

    • RBI wins supervisory turf as ESMA relents on Clearing Corporation of India: Report

      The change is expected to ensure that regulators in one jurisdiction do not interfere with those in another

    • SEBI examining brokers’ representation on RBI draft norms, issues under review, says Chairman

      The Reserve Bank of India recently floated draft guidelines tightening how banks provide funding and non-fund based facilities to capital market intermediaries (brokers, trading members, etc.).

    • MTF posts 43% YoY growth amid concerns of over-leverage

      From Rs 84,000 crore in January 2025, the MTF book has surged by almost 43 percent to Rs 1.2 lakh crore as of January 2026

    • 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.

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