Professional Documents
Culture Documents
By
Aman Srivastava
❖ RBI
● The Reserve Bank of India is the apex bank of India which
regulates and controls all the monetary policies of India. Hence,
it is called “Monetary Authority of India.
● RBI was established in April, 1935.
● The affairs of RBI are governed by a central board of directors,
which are fourteen in number, including the governor and four
deputy governors.
❖ Functions of RBI
1. Monetary Management Authority
2. Regulation and Supervision of the Banking and Non-Banking
Financial Institutions.
3. Regulation of Foreign Exchange Market, Government
Securities Market and Money Market.
4. Management of Foreign Exchange Reserves.
5. Current Account and Capital Account Management.
6. Banker to Central and State governments
7. Debt Manager of Central and State Governments
8. Banker to Banks
9. Issuer of Currency
10. Oversight of Payment and Settlement Systems
11. Developments Role
12. Policy Research and Data Dissemination
❖ Monetary Policy
Monetary policy refers to the credit/money control measures adopted
by the central bank of a country.
In case of Indian economy, RBI is the sole monetary authority which
decides the supply of money in the economy.