Reserve Bank of India (RBI)
Central bank of India, established 1 April 1935 under the Reserve Bank of India Act, 1934, and nationalised in 1949. Functions: monetary authority, regulator and supervisor of banks and NBFCs, manager of foreign exchange, issuer of currency, and developmental functions.
Why UPSC tests this
Highest-frequency Economics topic. Tested on monetary policy framework (MPC composition, inflation target band 4%±2%), instruments (repo, reverse repo, MSF, OMO), and recent regulatory developments.
Latest from PIB
8 on this page- 30 Apr 2026Ministry of Finance
RBI Organised Financial Literacy Camp for Migrant Workers on International Labour Day
The Reserve Bank of India's Financial Inclusion Development Department in Panaji conducted a financial literacy camp for migrant workers on International Labour Day 2026. The initiative aimed to boost financial inclusion and safe banking, educating participants on various government schemes, digital transactions, and f…
- 26 Apr 2026Ministry of Corporate Affairs
IICA concludes first assessment of Arbitrator Qualifying Assessment Program (AQAP), aims to create a cadre of world-class Arbitrators for Viksit Bharat
The Indian Institute of Corporate Affairs (IICA) successfully completed the inaugural assessment cycle of its Arbitrator Qualifying Assessment Program (AQAP) in April 2026. This program, organized by the Centre of Excellence in Alternative Dispute Resolution (CEADR), aims to develop a cadre of world-class arbitrators,…
- 17 Apr 2026Reserve Bank of India
Premature redemption under Sovereign Gold Bond (SGB) Scheme - Redemption Price for premature redemption of SGB 2020-21 Series-VII due on April 20, 2026
The Reserve Bank of India, on behalf of the Government, announced the redemption price for premature redemption of a specific Sovereign Gold Bond (SGB) series. The release highlighted key scheme mechanics: SGBs can be prematurely redeemed after five years from issuance on interest payment dates, with the redemption pri…
- 17 Apr 2026Ministry of Finance
Reserve Bank of India conducts special MSME Workshop and Townhall meeting at Wardha
The Reserve Bank of India (RBI) Nagpur conducted its fourth Vidarbha Specific Training for Empowering MSMEs (VSTEM) workshop in Wardha on April 17, 2026. This initiative aims to boost financial inclusion and MSME development by covering key government schemes, platforms like GeM, and credit literacy. The workshop highl…
- 16 Apr 2026Reserve Bank of India
Launching of 114th Round of Quarterly Industrial Outlook Survey (IOS) – Q1:2026-27
The Reserve Bank of India (RBI) conducts a 'Quarterly Industrial Outlook Survey (IOS)' focused on the Indian manufacturing sector. This survey aims to assess business sentiments by gathering qualitative responses on indicators such as demand, financial, employment, and price conditions, providing an outlook for current…
- 16 Apr 2026Reserve Bank of India
Money Market Operations as on April 16, 2026
The RBI's daily money market operations on April 16, 2026, reported the Marginal Standing Facility (MSF) rate at 5.50% and the Standing Deposit Facility (SDF) rate at 5.00%. These operations collectively led to a significant net absorption of liquidity by the RBI, indicating a surplus of liquidity in the banking system…
- 16 Apr 2026Reserve Bank of India
Launching of 49th Round of Quarterly Services and Infrastructure Outlook Survey (SIOS) Q1:2026-27
The Reserve Bank of India (RBI) conducts a quarterly 'Services and Infrastructure Outlook Survey (SIOS)' to assess the current business situation and future expectations of companies in India's services and infrastructure sectors. This survey gathers qualitative responses on indicators like demand, financial conditions…
- 15 Apr 2026Reserve Bank of India
Implementation of Section 51A of UAPA, 1967: Updates to UNSC’s 1988 (2011) Taliban Sanctions List: Amendment of 04 Entries
The Reserve Bank of India (RBI) mandates all regulated financial entities in India to comply with Section 51A of the Unlawful Activities (Prevention) Act (UAPA), 1967. This requires them to implement an assets freeze on individuals and entities designated by the UN Security Council (UNSC) on its various sanctions lists…
Past UPSC Prelims questions on this
- UPSC Prelims 2026economics
Consider the following statements about the Non-Banking Financial Companies (NBFCs) in India : 1. NBFCs cannot accept demand deposits. 2. All the NBFCs operating in India have to be registered with the RBI. 3. NBFCs form part of the payment and settlement system and can issue cheque drawn on itself. 4. Deposit insurance facility of Deposit Insurance and Credit Guarantee Corporation (DICGC) is not available to the depositors of deposit taking NBFCs. Which of the statements given above is/are correct ?
Practice more on financial markets → - UPSC Prelims 2026economics
With reference to different Committees in India, consider the following details : Sl. No. : Committee : Objective : Organization under which it was formed 1. R.N. Malhotra Committee : Comprehensive reforms of Insurance sector in India : Insurance Regulatory and Development Authority of India 2. L.C. Gupta Committee : Preparing a roadmap for the introduction of derivatives trading in India : Securities and Exchange Board of India 3. Urjit R. Patel Committee : Preparing a roadmap for reforming bank lending to the Housing sector : Reserve Bank of India 4. Y.H. Malegam Committee : Preparing a roadmap for reforms in Microfinance sector in India : Reserve Bank of India In which of the above rows are all the details correctly matched ?
Practice more on financial markets → - UPSC Prelims 2026economics
Which one of the following correctly represents the three key sub-indices of the Financial Inclusion Index (FI-Index) of the Reserve Bank of India (RBI) ?
Practice more on financial sector → - UPSC Prelims 2026science-and-tech
Which of the following statements with regard to stealth technology is/are correct ? 1. Stealth objects have a very small radar cross-section and are coated with Radar Absorbing Material. 2. Stealth objects can be detected using specific frequencies. 3. Stealth objects are coated with metamaterials to increase the scattering of electromagnetic radiation. Select the answer using the code given below :
Practice more on defence technology → - UPSC Prelims 2025geography
Consider the following statements : I. Without the atmosphere, temperature would be well below freezing point everywhere on the Earth's surface. II. Heat absorbed and trapped by the atmosphere maintains our planet's average temperature. III. Atmosphere's gases, like carbon dioxide, are particularly good at absorbing and trapping radiation. Which of the statements given above are correct?
Practice more on climatology →
Frequently asked
- What is the composition of the Monetary Policy Committee?
- Six members — three from the RBI (Governor as ex-officio Chair, Deputy Governor in charge of monetary policy, and one officer nominated by the Central Board) and three external members appointed by the Government of India for a four-year term.
- What is RBI's inflation target?
- 4% Consumer Price Index (CPI) inflation, with a tolerance band of +/-2% (i.e., 2% to 6%), set by the Government in consultation with RBI under the Monetary Policy Framework Agreement.
- When was RBI nationalised?
- 1 January 1949, under the Reserve Bank (Transfer to Public Ownership) Act, 1948.
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