Reserve Bank of India
Central Bank of India
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| June 6 2025 | The Reserve Bank of India's Monetary Policy Committee (MPC) announced a 50 basis points reduction in the repo rate to 5.50%, marking the third consecutive rate cut of the year. The RBI also shifted its monetary policy stance from 'accommodative' to 'neutral', responding to moderating inflation and supporting economic growth amid global uncertainties. |
| April 7 2025 | Poonam Gupta, a lead economist from the World Bank, becomes a deputy governor of the Reserve Bank of India. |
| September 30 2024 | Reached a milestone of 451 branches across India as of this date. |
| June 30 2024 | Reserve Bank of India becomes a founding member of Project Nexus, a multilateral international initiative signed with the Bank for International Settlements, Central Bank of Malaysia, Bank of Thailand, Bangko Sentral ng Pilipinas, and Monetary Authority of Singapore to enable retail cross-border payments. |
| March 26 2024 | Nigeria maintained 45.00% Cash Reserve Ratio for deposit money banks and increased merchant banks' requirement to 14.00% |
| 2023 | The Reserve Bank of Australia announced a reduction in board meeting frequency from eleven to eight times per year, removing meetings in April, July, and October. |
| June 30 2023 | Philippines set reserve requirement to 9.50% |
| May 19 2023 | RBI officially announced the discontinuation of 2,000 rupee denomination banknotes from circulation, citing limited transactional use and alignment with the 'Clean Note Policy'. |
| April 2023 | Hungary increased reserve requirements from 5.00% to 10.00% |
| April 6 2023 | India set reserve requirements to 4.50% |
| 2022 | Achieved Great Place to Work Certification for 2022-2023, recognizing its workplace culture. |
| 2022 | Won the Best CSR Impact Award in UBS FORUMS for the Livelihood Improvement Project in Banki, Cuttack, Orissa. |
| March 2022 | Awarded 'Excellent Services of the Year' by ASSOCHAM at the 8th MSMEs Excellence Awards. |
| March 31 2022 | Poland set reserve requirement to 3.50% |
| March 24 2022 | Shaktikanta Das inaugurated the Reserve Bank Innovation Hub (RBIH) in Bengaluru as a Section-8 company under the Companies Act, 2013, with an initial investment of ₹100 crore. The hub aims to encourage financial innovation, promote access to financial services for low-income groups, and bring world-class innovation to the financial sector. |
| 2021 | RBI planned to replace MIFOR (Mumbai interbank forward offer rate) benchmark due to the cessation of LIBOR, which was a key component of the existing MIFOR calculation. |
| January 1 2021 | First interest payment on FRSB 2020 (T) made at a coupon rate of 7.15%, with the first interest rate reset scheduled for this date. |
| 2020 | RTGS (Real-Time Gross Settlement) system became operational 24×7, as confirmed by RBI Governor Shaktikanta Das, marking a significant development in India's payment infrastructure. |
| December 2020 | RTGS service scheduled to become available 24 hours a day, expanding its accessibility and operational timeframe. |
| December 14 2020 | RTGS becomes available 24/7/365, starting from 00:30, offering extended payment transfer flexibility for businesses. |
| October 9 2020 | M. Rajeshwar Rao becomes a deputy governor of the Reserve Bank of India. |
| August 2020 | Reserve Bank of India established a five-member Committee under KV Kamath's leadership to develop recommendations for resolving COVID-19 related stressed loans, focusing on restructuring loans up to ₹150 billion with sector-specific plans addressing leverage, liquidity, and debt serviceability. |
| July 1 2020 | RBI launched Floating Rate Savings Bonds, 2020 (Taxable) – FRSB 2020 (T), offering semi-annual interest payments on 1 January and 1 July. |
| April 10 2020 | Croatia reduced reserve requirements from 12% to 9% |
| March 27 2020 | Reserve requirements for net transaction accounts were eliminated, effectively removing all reserve requirements in the United States. |
| March 26 2020 | United States reduced reserve requirement ratios to 0% |
| March 23 2020 | Reserve Bank of India infused ₹1 trillion through term repo auction and massive open market operations (OMOs) purchase of government securities in response to economic challenges during the COVID-19 pandemic, aiming to monitor financial market conditions and address potential recession fears. |
| March 4 2020 | Supreme Court of India's three-judge panel ruled against the RBI's virtual currency restrictions, finding that the RBI failed to demonstrate substantive damage to its regulated entities from cryptocurrency transactions. |
| January 15 2020 | Michael Patra, a career banker, starts his deputy governor term. |
| December 16 2019 | The Reserve Bank of India implemented 24x7 online money transfers through National Electronic Funds Transfer (NEFT), allowing fund transfers at any time and on any day of the week. |
| September 2019 | RBI directors decided to change the RBI financial accounting year from June–July to March–April to align with the central government calendar. |
| August 26 2019 | RTGS service window expanded to operate from 07:00 to 18:00 Monday to Saturday, with exceptions for the second and fourth Saturdays of each month. |
| June 11 2019 | RBI announced the waiving of all charges for RTGS and NEFT payments, to be implemented from 1 July 2019, with instructions for banks to pass on the benefits to customers. |
| June 6 2019 | Reserve Bank of India (RBI) removed charges for payments via NEFT and RTGS, instructing banks to pass on the benefits to customers, aiming to push digital transactions. |
| 2018 | Recognized as the runner-up Best Small Bank in India by Businessworld Magna Awards. |
| 2018 | Baseline year for internet user growth, with subsequent 35% increase in internet users in India by the current reference time. |
| 2018 | RBI ceased printing of 2,000 rupee denomination banknotes. |
| December 1 2018 | SBM Bank India was officially incorporated as a private sector bank, headquartered in Mumbai, receiving its banking license from the Reserve Bank of India (RBI) to establish a universal banking business in the country as a wholly owned subsidiary of the State Bank of Mauritius. |
| May 15 2018 | Sudha Balakrishnan, a former vice-president at National Securities Depository Limited, became the first Chief Financial Officer (CFO) of the Reserve Bank of India, assuming the rank of an executive director. |
| April 2018 | RBI announced a prohibition on regulated entities dealing with or providing services to businesses or individuals involved with virtual currencies, including Bitcoin. |
| 2017 | Received the Good Corporate Citizen Award from the Bombay Chamber of Commerce & Industry for sustainability and climate change mitigation activities. |
| 2017 | DCB Bank was rated as the Best Small Bank in India by BusinessWorld Magna Awards. |
| December 8 2017 | Surekha Marandi, executive director of Reserve Bank of India, announced plans to open an office in Arunachal Pradesh. |
| January 23 2017 | Viral Acharya, a career banker, becomes a deputy governor of the Reserve Bank of India. |
| 2016 | RBI began issuing Sovereign Gold Bonds on behalf of the Government, designed to reduce gold imports by encouraging investment in gold-tracking bonds that also offer interest. |
| 2016 | Monetary Policy Committee was established, changing the RBI's previous full control over monetary policy in the country. |
| December 30 2016 | Final deadline for citizens to tender old banknotes at RBI offices or bank branches and credit the value into their bank accounts. |
| November 25 2016 | All banknote exchange was abruptly stopped, marking a significant turning point in the demonetisation process. |
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This contents of the box above is based on material from the Wikipedia articles DCB Bank, Payment and settlement systems in India, SBM Bank India, List of deputy governors of the Reserve Bank of India, Bank rate, Reserve requirement & Reserve Bank of India, which are released under the Creative Commons Attribution-ShareAlike 4.0 International License.