Reserve Bank of India
Central Bank of India
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| April 7 2025 | Poonam Gupta, a lead economist from the World Bank, becomes a deputy governor of the Reserve Bank of India. |
| 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. |
| 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'. |
| 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. |
| 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 | 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. |
| 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. |
| November 17 2016 | Revised guidelines were issued, allowing families to withdraw funds for wedding expenses and providing special withdrawal provisions for farmers with crop loans. |
| November 14 2016 | ATMs were recalibrated to dispense new ₹500 and ₹2,000 notes, and withdrawal limits were adjusted. Cash exchange facilities were extended for certain sectors like petrol stations and government hospitals. |
| November 10 2016 | Cash withdrawal restrictions were implemented, limiting withdrawals to a specific amount per day and per week from bank accounts. |
| November 9 2016 | People began experiencing cash exchange difficulties, with long lines forming outside banks and ATMs across India as they attempted to deposit or exchange demonetised banknotes. |
| November 8 2016 | RBI implemented demonetization of ₹500 and ₹1,000 banknotes, replacing them with new ₹500 and ₹2,000 notes. |
| November 8 2016 | The Government of India announced demonetisation of ₹500 and ₹1,000 banknotes, aimed at curtailing the shadow economy and cracking down on illicit and counterfeit cash used to fund illegal activities and terrorism. |
| November 8 2016 | RBI issued new 500 and 2,000 rupee notes, simultaneously banning the old series of 1,000 and 500 rupee notes from circulation. |
| April 1 2016 | IFTAS took over the management of Indian Financial Network (INFINET), Structured Financial Messaging System (SFMS), and Indian Banking Community Cloud (IBCC) from IDRBT. |
| February 2015 | Reserve Bank of India established Indian Financial Technology and Allied Services (IFTAS) to design, deploy, and support IT-related services for banks and financial institutions in India. |
| July 2014 | Reserve Bank of India conducted a significant gold swap operation, demonstrating a notable monetary policy intervention. |
| July 1 2014 | New regulation implemented requiring non-customers exchanging more than 15 pieces of '500 and '1000 notes to provide proof of identity, residence, and Aadhar card. |
| April 2014 | The Reserve Bank of India began publishing bi-monthly policy updates, providing regular insights into the financial sector's developments and monetary policy. |
| April 1 2014 | Public required to approach banks to exchange pre-2005 banknotes, with banks mandated to provide exchange facilities. |
| January 22 2014 | RBI issued a press release announcing the complete withdrawal of banknotes issued prior to 2005 from circulation after 31 March 2014. |
| January 11 2013 | Urjit Patel, a career banker who later became RBI Governor, starts his term as deputy governor. |
| October 1 2011 | RBI introduced time-varying charges for RTGS transactions, marking a significant change in the payment system's fee structure. |
| May 2011 | Reserve Bank of India introduced the Marginal Standing Facility (MSF) scheme, allowing scheduled commercial banks to borrow up to 2.5% of their net demand and time liabilities, with a minimum borrowing amount of 10 million rupees. |
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This contents of the box above is based on material from the Wikipedia articles SBM Bank India, Reserve Bank of India, List of deputy governors of the Reserve Bank of India & Payment and settlement systems in India, which are released under the Creative Commons Attribution-ShareAlike 4.0 International License.