Its report mentioned that the gross forex spot sale by RBI for the period May 2024-April 2025 has exceeded the previous two years' sale combined.

RBI serves as a banker to the government, i.e., for both the Central and State governments. Apart from the bankers, there are various functions of the Reserve Bank of India which played an ...

Online payments services provider PayU Payments Private Limited has secured final authorisation from the Reserve Bank of India (RBI) to function as an online payment aggregator under the Payment ...

These chests function as storage and distribution centres on behalf of the RBI. As of February 28, 2025, there were 2,691 such currency chests across the country.

Soumitra Sen and Anil Rao to oversee operations amid fallout from derivatives misreporting The Reserve Bank of India (RBI) has approved ... and will function under the supervision of an Oversight ...