Reserve Bank of India
Central Bank of India
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Reserve Bank of India, abbreviated as RBI, is the central bank of the Republic of India, and regulatory body responsible for regulation of the Indian banking system and Indian currency. Owned by the Ministry of Finance, Government of the Republic of India, it is responsible for the control, issue, and maintenance of the supply of the Indian rupee. It also manages the country's main payment systems and works to promote its economic development.
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RBI to SC: Have issued norms to monitor use of loan money by realtorsAmidst CBI probes into banks' collusion with builders over subvention schemes, the RBI defends its role, citing issued guidelines to monitor loan usage and prevent harassment of homebuyers. The Supreme..IndiaTimes - Published | |
Good news for borrowers as RBI cuts repo rate by 50 bps to 5.5%, stance changed to 'Neutral' from...The Reserve Bank of India's (RBI) Monetary Policy Committee (MPC), on Friday, cut the Repo rate by 50 bps, to 5.50%. RBI governor Sanjay Malhotra made the announcement.DNA - Published | |
Bank Holidays 2025: Will banks remain closed on 6, 7th June? Here's all you need to knowEid-ul-Adha 2025 or Bakrid, is expected to be celebrated on June 7, 2025 and will be observed as a public holiday in schools, colleges and government offices. On the occasion of Bakrid, Banks will..DNA - Published | |
Finance ministry, RBI & NPCI tighten digital fraud safeguardsThe Union finance ministry, RBI, and NPCI have implemented measures to protect digital financial transactions and combat fraud. I4C was established in 2020 to coordinate responses to cybercrimes...IndiaTimes - Published | |
Amid India Pakistan conflict Finance Minister Nirmala Sitharaman says, 'Banks must...'Union Finance Minister Nirmala Sitharaman on Friday convened a high-level meeting with the Managing Directors and CEOs of Public and Private sector banks and insurance companies amidst emerging..DNA - Published | |
Meet Poonam Gupta, RBI's new Deputy Governor, given key portfolio of monetary policy, has earlier worked in...Dr. Poonam Gupta took over as the Deputy Governor of the Reserve Bank of India on Friday. The RBI gave the key portfolio of monetary policy department to her. Before being appointed here, Dr. Gupta was..DNA - Published | |
IndusInd Bank CEO resigns taking blame for accounting irregularities after RBI flags lapses, says 'I undertake moral..'IndusInd Bank CEO Sumant Kathpalia and Deputy CEO Arun Khurana resigned after an internal derivatives accounting lapse, prompting RBI intervention and raising concerns over governance.DNA - Published | |
Banks start reducing loan rates after RBI repo cutIndiaTimes - Published | |
Meet new RBI Deputy Governor Poonam Gupta's husband, well-known economist, worked at World Bank, is CEO of...Poonam Gupta has been appointed as the new Deputy Governor of the Reserve Bank of India (RBI). She replaces MD Patra, who left office in JanuaryDNA - Published | |
'Institutionalised extraction': MK Stalin on hike in ATM cash withdrawal chargesTamil Nadu Chief Minister MK Stalin criticizes RBI's decision to allow banks to increase ATM withdrawal charges beyond the free monthly limits, calling it 'institutionalised extraction' affecting..IndiaTimes - Published | |
Banking alert: Your ATM withdrawals will soon cost more! RBI allows banks to raise ATM withdrawal fees by THIS amount from...RBI allows banks to increase ATM withdrawal charges from Rs 21 to Rs 23 per transaction beyond free limits starting May 1, 2025.DNA - Published | |
ATM transactions set to get costlier from THIS date; Check new rates hereThe fee hike is part of a price revision authorised by the RBI after a recommendation from the National Payments Corporation of India (NPCI). The RBI had previously revised ATM transaction fees in June..DNA - Published | |
HC refuses to direct transfer of RBI bonds to mom & wife of man who has taken sanyasIndiaTimes - Published | Special post created: Ex-governor of RBI Shaktikanta Das 2nd principal secretary to PM ModiFormer RBI governor Shaktikanta Das has been appointed as principal secretary-2 to Prime Minister Narendra Modi, a newly created post. His appointment is co-terminus with the PM's term and reflects his..IndiaTimes - Published |
Ex-RBI governor Shaktikanta Das appointed as Principal Secretary II to PM Narendra ModiFormer Reserve Bank of India (RBI) Governor Shaktikanta Das has been appointed as Principal Secretary II to Prime Minister Narendra Modi as per an official notification issued by the secretariat of the..DNA - Published Also reported by •IndiaTimes | New India Co-op Bank: RBI uncovers massive fraud of Rs 122 crore; know what's the caseThe RBI conducted an audit at the New India Co-op Bank's head office in Prabhadevi and Goregaon branch. Probing officials discovered a discrepancy of Rs 112 crore at the bank's head office and another..DNA - Published |
No bank holiday on Eid al-Fitr this year? Know reason behind thisThe directive has been issued by the Reserve Bank of India (RBI). The central bank has asked all major banks to keep branches dealing with government transactions operational on the said date.DNA - Published | FM Sitharaman quotes Raghuram Rajan to explain Rupee's depreciation against dollarUnion finance minister Nirmala Sitharaman cites former RBI Governor Raghuram Rajan during her Lok Sabha address concerning the rupee's depreciation against the dollar. She highlights that currency..IndiaTimes - Published |
'RBI's gold buying is...': FM Nirmala Sitharaman talks about rising gold reserves by central bankFinance Minister Nirmala Sitharaman on Monday clarified in the Lok Sabha that India's rising gold reserves, including those held by the Reserve Bank of India (RBI), is not intended to replace any..DNA - Published | 'Rupee 58.58 against Dollar in 2014, it's 85.27 now': Congress recalls PM Modi's 2013 remarks on depreciating currency during UPA governmentCongress criticises PM Modi for his silence on the rupee's depreciation against the US dollar, contrasting it with his previous attacks on former PM Manmohan Singh over similar issues. The rupee has..IndiaTimes - Published |
Reforms under Manmohan Singh gave new economic direction to nation: PM ModiPM Modi acknowledged the significant contributions of Manmohan Singh, highlighting his impactful economic reforms as finance minister, his role as RBI governor during tough times, and his legacy as an..IndiaTimes - Published | Flagging farm loan waivers, cash transfers & other sops, RBI says rationalise subsidiesThe Reserve Bank of India expressed concerns over states' rising spending on subsidies like farm loan waivers and freebies, impacting funds for infrastructure and development. State subsidies have..IndiaTimes - Published |
RBI receives email warning about a blastIndiaTimes - Published | RBI receives bomb threat email in Russian language, warns of blowing up bankFollowing a string of online bomb threats in the country, the Reserve Bank of India (RBI) has received a bomb threat via email, second such incident in a month for the Central Bank.DNA - Published Also reported by •IndiaTimes |
Stock markets brace for RBI's monetary policy decisions after GDP growth slowdownDomestic stock indices in India are preparing for RBI's monetary policy decisions after Q2 FY25 GDP growth slowed to 5.4%, the lowest in two years. The upcoming week brings crucial data releases, with..IndiaTimes - Published | RBI governor Shaktikanta Das discharged hours after hospitalisation in ChennaiIndiaTimes - Published Also reported by •DNA |
Wayanad survivors to step up stir as RBI refuses to ask banks to waive loansSurvivors of the Chooralmala-Mundakkai landslides in Kerala are escalating their protests after the RBI rejected their loan waiver requests. Despite meeting with RBI officials, residents continue to..IndiaTimes - Published | RBI's customer care unit in Mumbai gets threat call, case registeredIndiaTimes - Published |
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 |
