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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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  • OPINION | RBI's October 2025 Policy Shift: Bold regulatory reforms for a resilient future

    The RBI’s October 2025 policy overhaul focuses on price stability, strengthened Basel norms, AI regulation, and revamped credit frameworks. This shift aims to enhance financial resilience, encourage innovation, and sustain growth

  • Chart of the Day | Where do households see inflation ahead?

    Chart of the Day | Where do households see inflation ahead?

    The RBI’s latest surveys offer a glimpse into the public expectations on inflation

  • M&A funding: Why banks must lend with their eyes open

    M&A funding: Why banks must lend with their eyes open

    Allowing banks to finance takeovers could unleash a deal wave. But unless guardrails are tight, today’s “growth enabler” could turn into tomorrow’s NPA headache

  • RBI to launch certificate of deposits' tokenisation tomorrow, says official

    RBI to launch certificate of deposits' tokenisation tomorrow, says official

    Pati cautioned that such innovations must be approached thoughtfully, with robust legal and regulatory frameworks in place

  • India’s 8% growth hinges on private investment revival, says Michael Patra

    India’s 8% growth hinges on private investment revival, says Michael Patra

    Government’s capital expenditure has played its part and consumption now holds the key to sustaining growth, the former RBI deputy Governor tells Moneycontrol

  • India's forex reserves drop by $2.3 billion to $700.2 billion

    India's forex reserves drop by $2.3 billion to $700.2 billion

    The gold reserves increased by $2.238 billion to $95.017 billion during the week, the central bank said

  • RBI grants self-regulatory body status to FIDC for non-bank lending sector

    RBI grants self-regulatory body status to FIDC for non-bank lending sector

    Self-regulatory organisations are expected to help develop industry standards and best practices, and ensure that members adhere to these

  • RBI eases rules, brokerages bet on private banks with stronger capital base

    RBI eases rules, brokerages bet on private banks with stronger capital base

    Brokerages maintained their bullish stance on large banks citing resilience, capital strength, and better liability profiles after RBI's slew of measures.

  • RBI's risk-based deposit insurance premium: A prudent push, but the real trust booster lies in hiking coverage limits

    RBI's risk-based deposit insurance premium: A prudent push, but the real trust booster lies in hiking coverage limits

    While the proposal incentivises banks to manage risks better, without raising the Rs 5 lakh insurance cap, depositors' confidence in the system remains shaky amid rising uncertainties

  • BNPL startup Simpl lays off 100 employees after RBI's crackdown on payments operation

    BNPL startup Simpl lays off 100 employees after RBI's crackdown on payments operation

    The drastic restructuring comes at a time when Simpl is grappling with regulatory headwinds. The company had around 220 employees on role and will now retain around 50-60 for payment collections.

  • RBI allows AD banks to extend rupee loans in Bhutan, Nepal, Sri Lanka

    RBI allows AD banks to extend rupee loans in Bhutan, Nepal, Sri Lanka

    The MPC also announced additional measures, including the inclusion of select currencies of India’s major trading partners in the list of reference rates published by Financial Benchmarks India Ltd

  • Is this the unexpected Navratri gift of RBI to banks?

    Is this the unexpected Navratri gift of RBI to banks?

    Further easing of the regulatory environment to boost the performance of lenders

  • Rural inflation expected to ease as consumer confidence improves: RBI MPC

    Rural inflation expected to ease as consumer confidence improves: RBI MPC

    According to a RBI report, households in rural and semi-urban areas reported a slight uptick in their current perception of inflation, which rose by 10 bps to 5.9 percent compared with the previous round of surveys.

  • RBI plans AI-driven digital payments intelligence platform to flag risky transactions

    RBI plans AI-driven digital payments intelligence platform to flag risky transactions

  • Investor relief: RBI hikes loan limit against shares to Rs 1 crore, IPO financing to Rs 25 lakh

    Investor relief: RBI hikes loan limit against shares to Rs 1 crore, IPO financing to Rs 25 lakh

    Governor Sanjay Malhotra announced that the repo rate remains unchanged at 5.5% and said the regulatory ceiling on lending against listed debt securities will be removed, making it easier for investors to access credit.

  • UPI to remain free of any charges, says RBI guv Malhotra; Paytm stock jumps

    UPI to remain free of any charges, says RBI guv Malhotra; Paytm stock jumps

    RBI Governor Sanjay Malhotra's statement reinforces the government and RBI’s stance of keeping UPI a zero-cost platform to encourage wider adoption of digital payments across the country.

  • RBI to introduce risk-based deposit insurance premium; flat rate to act as ceiling

    RBI to introduce risk-based deposit insurance premium; flat rate to act as ceiling

    The proposed move, which won't change the insurance cover limit, aims to align India’s system with international practices, where deposit insurers use risk-based premiums to encourage prudent financial management

  • MC Explains | RBI’s capital market lending revamp: What’s changing and why it matters

    MC Explains | RBI’s capital market lending revamp: What’s changing and why it matters

    The RBI has announced changes in the lending norms and limits for banks that point to easier flow of funds to capital markets through the banking route

  • RBI Post-Policy Presser LIVE | Governor Sanjay Malhotra Addresses GDP Growth, Inflation & Rupee

    RBI Post-Policy Presser LIVE | Governor Sanjay Malhotra Addresses GDP Growth, Inflation & Rupee

    The Reserve Bank of India (RBI) today maintained a status quo on repo rate and policy stance, highlighting India's favourable growth-inflation dynamics. Meeting Street expectations, RBI Governor Sanjay Malhotra-led Monetary Policy Committee (MPC) kept the repo rate unchanged at 5.5 per cent, and maintained the policy stance as ‘neutral’. RBI MPC addresses the media after the monetary policy announcement.

  • Bank Nifty jumps 700 pts, Fin Nifty up 1.2% on RBI's lending, capital rules proposals

    Bank Nifty jumps 700 pts, Fin Nifty up 1.2% on RBI's lending, capital rules proposals

    RBI has proposed to expand scope of capital market lending by banks to provide enabling framework to finance acquisitions

  • RBI unveils market-friendly measures: Higher lending limits against shares, IPOs, may roll back 2016 curbs

    RBI unveils market-friendly measures: Higher lending limits against shares, IPOs, may roll back 2016 curbs

    RBI announced steps to expand bank financing for acquisitions, raise lending limits against shares and IPOs, and ease curbs on large borrower lending.

  • RBI holds repo rate at 5.5%, real estate sector sees stability and festive boost

    RBI holds repo rate at 5.5%, real estate sector sees stability and festive boost

    The decision, coming after a cumulative 100 basis point cut earlier this year, will support consumer sentiment, give predictability to developers and ensure housing demand sustains momentum into 2026, experts say

  • RBI enhances IPO financing limit to Rs 25 lakh per investor from Rs 10 lakh

    RBI enhances IPO financing limit to Rs 25 lakh per investor from Rs 10 lakh

    RBI raises limits for lending by banks against shares from Rs 20 lakh to Rs 1 crore per person

  • LIVE | RBI Monetary Policy Analysis LIVE | RBI Governor LIVE | RBI

    LIVE | RBI Monetary Policy Analysis LIVE | RBI Governor LIVE | RBI

    RBI Monetary Policy Committee (MPC) meets to decide on India’s key interest rates. Key expectations from the meeting: Will RBI hold fire on rate cuts and opt for another pause? Outlook on inflation, growth & liquidity RBI’s stance on repo rate and borrowing costs Insights from Governor Shaktikanta Das on the Indian economy Watch the LIVE coverage of RBI’s policy announcement and expert analysis on how it impacts markets, banks, and borrowers.

  • RBI MPC revises FY26 inflation projection to 2.6% from 3.1% in August

    RBI MPC revises FY26 inflation projection to 2.6% from 3.1% in August

    As per the Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC), the inflation projection has been revised to 2.6 percent.

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