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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 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.

    • 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.

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