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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 offers moratorium for tariff-hit exporters, extends FX realisation window

    The central bank has spelt out the 20 sectors that would be eligible for the moratorium, which includes organics chemicals, plastics, apparels, and footwear.

  • RBI approves appointment of veteran banker S Krishnan as chairman of J&K Bank

    RBI approves appointment of veteran banker S Krishnan as chairman of J&K Bank

    Krishnan, currently an independent director on the board of Srinagar-headquartered bank, served as MD & CEO of state-owned Punjab & Sind Bank.

  • SGB premature exit today: RBI announces Rs 12,350 redemption price for Sovereign Gold Bond 2018-19 Series-III

    SGB premature exit today: RBI announces Rs 12,350 redemption price for Sovereign Gold Bond 2018-19 Series-III

    Since this particular series was issued on November 13, 2018, the upcoming redemption date marks one of the scheduled early exit opportunities.

  • MSMEs seek Covid-era relief to beat Trump tariffs in pre-Budget meet with FM Sitharaman

    MSMEs seek Covid-era relief to beat Trump tariffs in pre-Budget meet with FM Sitharaman

    They also urged to make it compulsory for all loans below Rs 50 lakh or Rs 1 crore to be covered under the collateral-free guarantee mechanism for MSMEs.

  • Sovereign Gold Bond 2017-18 Series-VII matures on November 13; investors set for massive 288% return

    Sovereign Gold Bond 2017-18 Series-VII matures on November 13; investors set for massive 288% return

    The bonds were designed to mature after eight years, meaning investors will now receive their final payout exactly on the maturity date.

  • RBIH to build AI-driven Digital Payments Intelligence Platform; looks to hire senior leaders

    RBIH to build AI-driven Digital Payments Intelligence Platform; looks to hire senior leaders

    The Reserve Bank Innovation Hub (RBIH) is developing the Digital Payments Intelligence Platform (DPIP) to assign real-time risk scores to every transaction, aiming to strengthen fraud detection and bolster India’s digital payment security.

  • RBI allows loans against silver: New rules to take effect from THIS date

    RBI allows loans against silver: New rules to take effect from THIS date

    A new set of guidelines outlining the procedures for taking gold and silver as collateral has been released by the central bank under the Reserve Bank of India (Gold and Silver (Loans) Directions, 2025).

  • RBI clears path for UPI wallet that lets children pay without bank accounts, details inside

    RBI clears path for UPI wallet that lets children pay without bank accounts, details inside

    This capability aligns closely with the UPI Circle initiative launched by NPCI, enabling youngsters to make UPI payments using their parents’ linked UPI accounts - fostering financial literacy through real-world money management

  • Banking Central | Thali cools, but RBI’s inflation battle is far from over

    Banking Central | Thali cools, but RBI’s inflation battle is far from over

    For a country where inflation is measured first in tomatoes and onions and only later in spreadsheets, this counts as genuine relief.

  • M&A loans: RBI is opening the gates. Do Indian banks have the playbook?

    M&A loans: RBI is opening the gates. Do Indian banks have the playbook?

    Governor Malhotra says guardrails are in place and judgement should rest with banks. History suggests judgement, not regulation, will decide the outcome.

  • India needs ‘big and world class’ banks, work on PSB consolidation has begun: FM Sitharaman

    India needs ‘big and world class’ banks, work on PSB consolidation has begun: FM Sitharaman

    On October 15, Moneycontrol have reported that India's banking sector is headed for another round of public sector bank consolidation with the government working on a mega merger that could see smaller lenders being merged with larger banks.

  • India plans to retain cap on voting rights for large shareholders in banks: Report

    India plans to retain cap on voting rights for large shareholders in banks: Report

    The government is also seeking a majority investor in state-owned IDBI Bank, expecting to conclude that process by end of March 2026.

  • RBI’s huddle with dealers: Liquidity tightening or signalling risk control?

    RBI’s huddle with dealers: Liquidity tightening or signalling risk control?

    We have seen the system slip into meaningful deficit episodes this quarter

  • 287% absolute return in SGB: RBI announces redemption price for the Sovereign Gold Bond 2018-19 Series-I; check details

    287% absolute return in SGB: RBI announces redemption price for the Sovereign Gold Bond 2018-19 Series-I; check details

    For this tranche, the average was calculated using gold prices from October 30, October 31, and November 3, 2025, resulting in the redemption rate of Rs12,039 per gram.

  • Rs 2,000 notes worth Rs 5,817 crore still in circulation: RBI

    Rs 2,000 notes worth Rs 5,817 crore still in circulation: RBI

    The Reserve Bank of India (RBI) had announced the withdrawal of Rs 2,000 denomination banknotes from circulation on May 19, 2023. Rs 2,000 banknotes continue to be legal tender.

  • OPINION | Vault Matters: $7 billion, four banks and a new outlook to equity

    OPINION | Vault Matters: $7 billion, four banks and a new outlook to equity

    Capital, equity, etc. are not concerns of RBI was the view that the central bank seemed to hold for a long time. The new regime and its thinking is proving this belief wrong, making for a welcome change 

  • 80% of UPI volumes concentrated with two app providers, fintech body writes to FinMin

    80% of UPI volumes concentrated with two app providers, fintech body writes to FinMin

    Industry body warns of duopoly as UPI processing reaches 19.6 billion transactions in September

  • Sovereign Gold Bond 2019-20 Series-VI: RBI announces redemption price, investors to get 213% absolute return

    Sovereign Gold Bond 2019-20 Series-VI: RBI announces redemption price, investors to get 213% absolute return

    Eligible investors will be able to redeem their bonds on October 30, 2025, marking five years since the bond's original issue date of October 30, 2019.

  • Reserve Bank of India hastens repatriation of gold held abroad

    Reserve Bank of India hastens repatriation of gold held abroad

    The Reserve Bank of India brought back nearly 64 tons of gold in the first six months of the financial year that began in April

  • RBI's gold reserve rises to 880 metric tonnes at September -end

    RBI's gold reserve rises to 880 metric tonnes at September -end

    While 290.37 metric tonnes of gold were kept in safe custody with the Bank of England (BoE) and the Bank for International Settlements (BIS), 13.99 metric tonnes were held in the form of gold deposits, it said.

  • Dia Vikas Capital cannot acquire more than 5% stake in ESAF Small Finance Bank: RBI

    Dia Vikas Capital cannot acquire more than 5% stake in ESAF Small Finance Bank: RBI

    The move would force ESAF’s promoter to find an alternative way to reduce its shareholding in the bank

  • Sovereign Gold Bond 2020-21 Series-I: RBI announces premature redemption price, investors to get 166% returns

    Sovereign Gold Bond 2020-21 Series-I: RBI announces premature redemption price, investors to get 166% returns

    The Reserve Bank of India has announced that the premature redemption price for the Sovereign Gold Bond (SGB) 2020-21 Series-I, due on October 28, 2025, will be Rs 12,198 per unit.

  • Bank holiday today on October 28: Are banks closed for Chhath Puja today? Check state-wise RBI calendar list

    Bank holiday today on October 28: Are banks closed for Chhath Puja today? Check state-wise RBI calendar list

    Bank holiday today on October 28: According to the RBI holiday calendar, all scheduled and non-scheduled banks remain closed on the second and fourth Saturdays as well as on Sundays

  • GST 2.0, reforms to sustain growth momentum amid global uncertainties: FinMin

    GST 2.0, reforms to sustain growth momentum amid global uncertainties: FinMin

    Strong performance in the industries and services sector, along with a stable labour market, will further enhance domestic demand, the ministry's monthly economic review has said

  • What do RBI’s new capital market exposure rules mean?

    What do RBI’s new capital market exposure rules mean?

    The central bank’s draft framework gives lenders more room to back India’s capital markets — but with clear boundaries to prevent excesses.

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