RBI
Reserve Bank of India
What RBI means
India's apex monetary authority and the primary regulator of all scheduled commercial banks, payment systems, and NBFCs. It sets the repo rate, issues master directions on lending, and protects borrowers' rights.
Example
When your bank violates fair lending practices, you can escalate to RBI's Banking Ombudsman (Integrated Ombudsman Scheme) for resolution.
This definition is based on Reserve Bank of India ↗. We link every figure to its primary source — see our data methodology.
Related regulatory terms
- DRTA quasi-judicial body established under the Recovery of Debts and Bankruptcy Act, 1993 for banks and financial institutions to recover outstanding dues above ₹20 lakh without going through civil courts.
- HFCAn NBFC specifically registered with the National Housing Bank (NHB) to provide home loans and allied housing finance products. Regulated differently from banks; examples include LIC HFL and PNB Housing Finance.
- NBFCA company registered with RBI under the Companies Act that provides financial services such as loans, hire-purchase, and leasing, but cannot accept demand deposits from the general public.
- NHBThe statutory regulator for Housing Finance Companies (HFCs) in India, established under the National Housing Bank Act 1987. It also refinances HFCs at concessional rates to promote affordable housing.
- NPAA loan account classified by a bank when the borrower has not paid principal or interest for more than 90 consecutive days, triggering provisioning, credit bureau reporting, and recovery proceedings.
- SARFAESIA 2002 law allowing banks and financial institutions to seize and auction mortgaged or hypothecated assets without a court order, once a loan is classified as NPA and a 60-day demand notice is issued.