Reserve Bank of India
Central Bank of India
Reserve Bank of India ▸ Facts ▸ Comments ▸ News ▸ Videos
The Reserve Bank of India, abbreviated as RBI, is India's central bank and regulatory body responsible for regulation of the Indian banking system. Owned by the Ministry of Finance, Government of India, it is responsible for the control, issue and maintaining supply of the Indian rupee. It also manages the country's main payment systems and works to promote its economic development. Bharatiya Reserve Bank Note Mudran (BRBNM) is a specialised division of RBI through which it prints and mints Indian currency notes (INR) in two of its currency printing presses located in Mysore and Salboni. The RBI, along with the Indian Banks' Association, established the National Payments Corporation of India to promote and regulate the payment and settlement systems in India. Deposit Insurance and Credit Guarantee Corporation was established by RBI as one of its specialized division for the purpose of providing insurance of deposits and guaranteeing of credit facilities to all Indian banks.
| 0 shares | ShareTweetSavePostSend |
You Might Like
Odisha minister Prithviraj Harichandan arrives at Jagannath Temple to offer prayersPrithviraj Harichandan visited Shri Jagannath Temple and Loknath temple to offer prayers to Maa Bimla as 'Ratna Bhandar' opened on July 14 after 40 years. Approved by Chief Minister Mohan Charan Majhi,..IndiaTimes - Published | |
Fixed deposits: Which bank is offering highest FD interest rates post RBI's new guidelines?The Reserve Bank of India (RBI) recently announced raising the bulk fixed deposit limit to Rs 3 crore from the earlier Rs 2 crore. So, now your FDs worth up to Rs 3 crore will fall into the retail FDs..DNA - Published | |
Understanding Car Insurance and Car Loan: A Guide to Protecting and Financing Your VehicleIn 2023, India was ranked as the fastest-growing automobile market among the world's 10 largest markets, compared to 2019. According to the Reserve Bank of India's data, vehicle loan growth has..DNA - Published | |
RBI fines HSBC over FEMA violationsIndiaTimes - Published | |
Former RBI Governor Raghuram Rajan to join Congress? He says, 'Rahul Gandhi is...'On rumours of him joining the Congress, he reacted, "And that's what I try and do. So where I feel government policies are going off track regardless of whether I'm government or not - I talk about..DNA - Published | |
Lok Sabha Election 2024, Phase 5: Polling in 49 seats today, check what's open and what's closedDuring the fifth phase of the Lok Sabha Election, banks in specific cities designated by the Reserve Bank of India (RBI) will remain closed.DNA - Published | |
Govt needs to bring out 'White Paper' on freebies by political parties: Ex RBI chief SubbaraoIndiaTimes - Published | |
Congress becoming outdated, losing relevance: Rajnath SinghRajnath Singh criticizes Congress, praises BJP's nation-building. Mentions RBI book, Modi's role in war. Talks Telangana, BRS, Vajpayee, Ram temple, Article 37, Triple talaq, CAA. Asserts minorities..IndiaTimes - Published | |
Ram Mandir Inauguration: List of states which have declared holidaysIn anticipation of the grand inauguration of the Ram Mandir, various state governments declare half-day or full-day holidays, allowing devotees to partake in the historic event. Schools and colleges..IndiaTimes - Published | |
RBI will not emulate others on regulations; world cannot afford a 'crypto mania': RBI chiefRBI Governor Shaktikanta Das reaffirms the central bank's opposition to cryptocurrencies and US regulators allowing bitcoin ETFs. He emphasizes that the RBI does not emulate others' regulations and..IndiaTimes - Published | |
December 31 last date to renew bank locker papersThe RBI has not extended the deadline for renewing bank locker rental agreements, causing concern for depositors. Banks, including Union Bank, Canara Bank, and Bank of Baroda, have introduced digital..IndiaTimes - Published | |
RBI, HDFC, ICICI banks receive bomb threats, sender demands resignation of Nirmala SitharamanThe mail said 11 bombs have been planted at 11 locations in Mumbai including RBI offices, HDFC Bank and ICICI Bank and the blast would take place at 1:30 pm.DNA - Published | |
India needs to address issues like malnutrition to become developed country: Raghuram RajanRaghuram Rajan, former RBI Governor, emphasizes that India needs to address malnutrition and focus on its human capital to become a developed nation. He questions how the country can achieve..IndiaTimes - Published | Delhi HC seeks RBI response on banks' preparedness against cyber fraudsThe Delhi High Court has recently directed the Reserve Bank of India (RBI) to submit an affidavit, clarifying the guidelines issued to commercial banks about the required response to requests for..IndiaTimes - Published |
Venkitaramanan, who steered RBI during 1991 crisis, passes away at 92S Venkitaramanan, the former governor of the Reserve Bank of India (RBI), has passed away at the age of 92. Prior to his role as RBI governor, he served as the finance secretary and an advisor to the..IndiaTimes - Published | RBI Governor Shaktikanta Das calls protecting depositors' money 'sacred duty, like going to temple, masjid or gurdwara'''Protection of depositors' money is the most important responsibility of a bank. It is a sacred duty. It is a sacred duty like going to a temple or masjid or gurdwara to bow down, it's a sacred task...DNA - Published |
Indian economy doing well even in unsupportive global environment: RBI MPC member Ashima GoyalThe Indian economy has shown improvement in key macroeconomic indicators, despite a challenging global environment, due to various reforms implemented by the Modi-led government, according to RBI..IndiaTimes - Published | Like farm loan, students to get frictionless education loan by 2024-25Education loans are set to get easier with the Reserve Bank of India (RBI) planning to put in place "frictionless credit mechanism" soon. A confirmed admission offer, accessed digitally, is all that..IndiaTimes - Published |
India in Reserve Bank's name should be replaced with Bharat: Himanta Biswa SarmaAssam Chief Minister Himanta Biswa Sarma has suggested renaming institutions like the Reserve Bank of India to 'Reserve Bank of Bharat'. He believes that the word 'India' and practices associated with..IndiaTimes - Published | Orient Exchange and Fintiba GmbH Join Forces to Empower Indian Students' Aspirations of Studying in GermanyOrient Exchange and Financial Services (P) Ltd is a Bangalore-based financial institution authorized by the Reserve Bank of India as Dealer Cat-IIDNA - Published |
RBI permits banks to open vostro accounts from 22 countries for trade in rupeeThe Reserve Bank has permitted 20 banks operating in the country to open 92 Special Rupee Vostro Accounts (SRVAs) of partner banks from 22 countries as part of efforts to promote bilateral trade in..IndiaTimes - Published | GST collection, devolution a success story in northeast: Nirmala SitharamanAccording to the 2023 RBI report on state finances, the eight NE states have registered a compounded annual GST hike of 27.5 per cent, Sitharaman said. Assam was the first state to ratify the GST Act,..IndiaTimes - Published |
Going beyond $: India, UAE sign -dirham trade pactThe Reserve Bank of India (RBI) and the Central Bank of UAE on Saturday decided to move further on strengthening the economic engagement between the two countries by agreeing to allow exporters and..IndiaTimes - Published | Supreme Court junks plea challenging 2,000 note exchange without ID proofThe Supreme Court on Monday refused to entertain a petition challenging a Delhi high court order which had upheld the Reserve Bank of India’s decision not to seek identity proof of persons while..IndiaTimes - Published |
SC dismisses plea challenging RBI decision to permit exchange of Rs 2K notes without requisition slip, ID proofThe Supreme Court on Monday refused to entertain an appeal challenging the Delhi High Court verdict dismissing a PIL against the RBI notification permitting exchange of Rs 2,000 currency notes without..IndiaTimes - Published | RTI query reveals mismatch between numbers of Rs 500 notes printed, received by RBI, Rs 88032 crore missing: ReportThe report claimed the three Indian mints issued 8,810.65 million pieces of the newly designed Rs 500 note but the Reserve Bank of India received only 7260 million.DNA - Published |
India's forex kitty declines by $1.32 billion to $593.75 billionIndia's forex reserves dropped by $1.318 billion to $593.749 billion for the week ended June 9, the Reserve Bank of India said on Friday. The overall reserves had jumped by $5.93 billion to $595.067..IndiaTimes - Published | RBI must repeal notification allowing banks to undertake compromise settlement of wilful defaults: CongressCongress general secretary Jairam Ramesh sought a clarification from the RBI as to why it has changed its own rules on "wilful defaulters" and "frauds".IndiaTimes - Published |
RJD, JD(U) to boycott new Parliament building inaugurationBihar deputy chief minister Tejashwi Yadav on Tuesday declared that his Rashtriya Janata Dal will boycott the inauguration of the new Parliament building by Prime Minister Narendra Modi, which is..IndiaTimes - Published | Strong domestic demand powers growth: RBI, govtIndiaTimes - Published |
Rs 2000 notes withdrawn: Move over UPI! Now 2000 notes become customer favourite in Delhi marketsAs the RBI announced that all Rs 2000 notes are being withdrawn in the country, these rare notes have made a major appearance across market places in Delhi.DNA - Published | Another whimsical, Tughlaqi demonetisation drama: Mamata after RBI announces withdrawal of Rs 2,000 notesWest Bengal chief minister Mamata Banerjee on Saturday slammed the BJP-led central government over the Reserve Bank of India's decision to withdraw Rs 2,000 currency notes from circulation, describing..IndiaTimes - Published |
Is 'second demonetisation' cover-up of wrong decision made earlier, asks Mallikarjun KhargeOpposition leaders on Saturday hit out at the government after the RBI announced the withdrawal of Rs 2,000 currency notes from circulation, with Congress president Mallikarjun Kharge asking if the..IndiaTimes - Published | RBI to withdraw Rs 2,000 currency notes from circulation; notes will continue to be legal tender till September 30IndiaTimes - Published |
Direct Paytm to pay damages to doctor who lost Rs 3 lakh to hackers, HC tells RBIIndiaTimes - Published | India, Malaysia can now trade in Indian rupeeIndia and Malaysia can now use the Indian rupee to settle trade in addition to other currencies, the ministry of external affairs (MEA) said on Saturday. "This follows the decision by the Reserve Bank..IndiaTimes - Published |
Vice President Dhankhar takes dig at former RBI governor Raghuram RajanIndiaTimes - Published | Congress writes to RBI & Sebi, seeks probe into Adani caseClaiming that the 'PM-blessed' Adani group is facing trouble raising funds abroad while being "heavily over-leveraged", Congress on Wednesday wrote to the Reserve Bank of India asking for "implicit or..IndiaTimes - Published |
Congress's Jairam Ramesh urges RBI, Sebi to probe allegations against Adani GroupIndiaTimes - Published | Repo rate hiked by 25 basis points to 6.5% for 2023-24, announces RBI GovernorThe Reserve Bank of India (RBI) Governor Shaktikanta Das announced the Monetary Policy statement on Wednesday.DNA - Published |
RBI and SEBI must probe reasons for fall in Adani shares: Cong leader Mallu RaviIndiaTimes - Published | Cong seeks 'serious' probe by SEBI, RBI against Adani groupIndiaTimes - Published |
Congress demands SEBI, RBI probe into Hindenburg charges against Adani Group"Has the Modi government chosen to turn a blind eye towards illicit activities by its favourite business group?," said Congress leader Jairam Ramesh.DNA - Published | "Was Messi..." RBI Governor comes up with witty reply to 'history major' tauntRBI Governor Shaktikanta Das asks if Messi was also a post-graduate in history on the 'history major central bank governor' taunt.DNA - Published |
Raghuram Rajan joins Rahul Gandhi's Bharat Jodo Yatra, BJP says he 'fancies himself as the next Manmohan Singh'Sharing an image with former RBI Governor Raghuram Rajan, Congress leader Rahul Gandhi said, "We walk for unity and to secure India's future."DNA - Published | Delhi: Four arrested for cheating people posing as Finance Ministry and RBI officials in insurance fraudInsurance scam: The accused used to approach victims through a letter which had a forged sign of the Finance Minister, police said.DNA - Published |
Supreme Court reverses judgement on demonetisation, asks centre and RBI for recordsSupreme Court has reversed the centre's decision to demonetise Rs 1000 and Rs 500 notes in 2016.DNA - Published | SC reserves order on demonetisation plea, asks Centre, RBI to present related recordsThe Supreme Court on Wednesday asked the Centre and Reserve Bank of India to place before it the records pertaining to the 2016 demonetisation decision in a sealed envelope. Hearing a batch of..IndiaTimes - Published |
Supreme Court grants four more weeks to CBI to file reply on Swamy's plea for probe into role of RBI officials in bank scamsIndiaTimes - Published | Government: Demonetisation due to big rise in Rs 500/1,000 notesThe Centre on Wednesday told the Supreme Court that a massive increase in the circulation of currency notes of Rs 500 and Rs 1,000 denomination was one of the prime factors influencing the Reserve Bank..IndiaTimes - Published |
