RBI Launched Global Hackathon ‘HaRBInger 2025’ to Boost Secure, Inclusive Banking Solutions

In October 2025, the Reserve Bank of India (RBI) launched the 4th edition of its global hackathon ‘HaRBInger 2025: Innovation for Transformation’, designed to leverage emerging technologies to build innovative, secure and user-centric financial solutions.

• This year’s global hackathon is centred on the theme ‘Secure Banking: Powered by Identity, Integrity, and Inclusivity’.

About HaRBInger 2025:

Overview: HaRBInger 2025, conceptualized by the Reserve Bank Innovation Hub (RBIH), provides a unique platform that brings together global innovators, developers, entrepreneurs, students and technology professionals to co-create solutions for the banking and financial sector.

Key Theme: Under this hackathon, the eligible entities and individuals are invited to develop technology-driven solutions under three problem statements: tokenised Know Your Customer (KYC); offline Central Bank Digital Currency (CBDC); and enhancing trust.

Participation: All entities, teams or individuals, who are aged 18 years and above, are eligible to participate in this global hackathon.

Winners: For each problem statement, the winning team will receive Rs 40 lakh and the Runner-up team will receive Rs 20 lakh.

• In addition to that, a special prize will be given to the best all-woman team, with a monetary prize of Rs 20 lakh.
• As per RBI, each selected team will receive financial assistance of Rs 5 lakh to develop working prototypes.

SWAMIH Fund-I Gets Special Exemption to Encourage Institutional Investment

In October 2025, the Reserve Bank of India (RBI) has allowed SWAMIH Investment Fund-I, the Special Window for Affordable and Mid-Income Housing, to operate under a specified exemption from certain Reserve Bank of India (Investment in Alternate Investment Fund,AIF) Directions, 2025.

• This exemption is designed to motivate regulated entities, including banks and non-banking financial companies, to invest in the fund.

About  SWAMIH Investment Fund-I:

Establishment : SWAMIH Investment Fund-I, launched in 2019, is a government-backed initiative managed by SBICAP Ventures Limited., a subsidiary of the State Bank of India(SBI).

Objective : The fund focuses on providing debt financing to complete stalled and stressed residential projects in the affordable and mid-income housing sectors.

Previous Investment Limits: Earlier, RBI rules restricted individual investments by regulated entities in any AIF to 10% of the fund’s corpus, with a total cap of 20% collectively.

About Reserve Bank of India (RBI):
Governor- Sanjay Malhotra
Headquarters- Mumbai, Maharashtra
Established- 1935

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