Go Ad-Free
    My Alerts
    Moneycontrol
    Moneycontrol PRO
    Loans
    Loans
    HomeNewsRbi

    Rbi

    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

    Jump to

    • RBI DG T. Rabi Sankar flags need for faster fraud resolution, upfront customer reimbursement

      T. Rabi Sankar stressed that technology alone cannot address the problem of fraud, especially as digital transactions continue to scale rapidly.

    • Skydo gets final RBI approval to operate as cross-border payment aggregator

      The company serves over 30,000 Indian MSMEs, freelancers and startups in more than 50 cities, allowing them to collect payments in over 32 foreign currencies.

    • OPINION | Vault Matters: RBI’s experiment with loans against silver

      Guidelines don’t seem to factor the finer differences between gold and silver and that could be the biggest challenge for silver loans 

    • RBI considering fresh exporter relief steps after low take‑up of loan moratorium: Report

      The RBI is weighing whether to loosen the eligibility criteria for the loan moratorium or allow for fresh lending at subsidised interest rates

    • Delhi High Court stays order mandating human intervention in RBI ombudsman complaints

      The single judge, in its November 27, 2025 judgement, had passed several directions to strengthen the system to deal with customer complaints by the RBI Ombudsman.

    • Track old bank balances in one place with RBI’s UDGAM portal

      A central search tool helps you spot unclaimed deposits across banks, but you still claim the money from the bank.

    • OPINION | The Quiet Engine of India’s Budget: Will it roar again?

      India’s budget increasingly relies on RBI dividend transfers, but with global conditions shifting, fiscal planners must prepare for uncertain future payouts and invest wisely

    • Delhi govt signs MoU with RBI for rejuvenating Yamuna, infrastructure development

      RBI will function as the banker, debt manager and financial agent of the government, enabling market borrowing through State Development Loans, automatic investment of surplus cash, professional cash management and access to low-cost liquidity facilities

    • Sovereign Gold Bond early exit today: RBI announces SGB 2020-21 Series-IX redemption price, check investors' return- FAQs answered

      The bonds have a fixed term of eight years, but investors can exit after five years on interest payment dates if they wish. SGBs can also be traded on stock exchanges, transferred to others, or used as collateral for loans.

    • OPINION | Vault Matters: Can RBI Gov Malhotra get the elephant out of the forest?

      The year gone by was more like a honeymoon period for Sanjay Malhotra with inflation tamed and IndusInd Bank’s fraud not turning out to be a crisis for the banking sector. The joker in the pack was Rupee, which started behaving unpredictable towards the end of 2025. Coupled with uneasy growth trends, 2026 could prove to be a test year for the governor

    • India’s economic reform newsmakers — 2025

      Appointed RBI Governor in December 2024, Sanjay Malhotra guided monetary policy in 2025. In his tenure, the central bank delivered about 125 bps of rate cuts amid easing inflation and stable growth.

    • Fixed Income 2026: Navigating India's post-rate cut landscape

      Benign monetary policy may be at its end and fixed income investors must take note

    • SGB 2017–18 Series XIII final exit today: Investors to earn nearly 5x return; Check price and details

      With the final redemption price now at Rs 13,563, investors are looking at a capital appreciation of nearly 4.7 times over eight years.

    • Year Ahead: Worst may be over for rupee, yet US trade deal key for stability in 2026

      Major research and brokerage houses expect the rupee to exit its current depreciating phase in 2026, but much will depend on the progress of the trade deal between India and its largest trading partner, the US.

    • Rate cuts, policy tailwinds, end‑user demand keep real estate sector on a steady footing in 2025

      As the sector looks ahead to 2026, industry leaders expect a phase of consolidation and steady growth. Residential demand is likely to remain resilient.

    • Bank Holidays in January 2026: Banks to remain shut for up to 12 days in some cities; check full state-wise list

      Most digital banking services — including UPI, mobile banking and internet banking — will continue to work as usual.

    • Lenders ask Reserve Bank of India to rein in surging hedging costs

      Hedging costs have surged as dollar-rupee forward premiums jumped sharply, with the one-month forward yield hitting a four-and-a-half-year high this month.

    • RBI slaps Rs 62 lakh fine on Kotak Mahindra Bank

      The penalty was imposed in an order dated December 11, 2025, the RBI said in a statement.

    • Banking system cash squeeze sends overnight rates above RBI’s repo rate

      Weighted average call money rates were trading at 5.25 percent on December 15, aligned with the report rate when liquidity was in surplus mode. The rates shot up to 5.41 percent on December 16, when liquidity fell in deficit. The rates stood at 5.46 percent on December 17, and 5.36 percent on December 18.

    • Bond market shrugs off RBI rate cut, PSU fundraisings hit pause

      On Monday, Indian Railway Finance Corporation (IRFC) became the third public sector entity-after Power Finance Corporation (PFC) and Small Industries Development Bank of India (Sidbi)-to pull a bond issue within the span of a week

    • JP Morgan gets RBI nod for a branch in Pune

      JP Morgan already has branches in Mumbai, New Delhi and Bengaluru's Devanahalli

    • SGB premature exit today: Investors set to gain 4x in 5 years as RBI announces SGB 2019–20 Series I redemption price

      The RBI has fixed the redemption price at Rs 12,801 per unit, based on the simple average of 999-purity gold prices published by IBJA for December 8, 9 and 10.

    • Bank of India raises Rs 2,500 crore via 10-year Tier-2 bonds at 7.28% coupon

      Market participants said that the coupon set on the bonds is 60-70 basis points higher than the current secondary market yield on the similar tenure government securities.

    • Rupee Slide| Fall accelerates, took just 231 days to drop from 85 to 90 levels

      The weakness has intensified in recent sessions. On December 3, the rupee slipped past the 90 mark against the US dollar, driven by sustained equity outflows and lingering uncertainty over the proposed India-US trade pact.

    • RBI will find it challenging to trounce a steep bond yield curve

      The spread between the 10-year benchmark yield and the 30-year bond yield has remained wide this year

    Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347