Banking GA

The preamble of the Reserve Bank of India describes the basic functions of the reserve bank as: …to regulate the issue of Bank notes and keeping of reserves with a view to securing monetary stability in India and generally to operate the currency and credit system of the country to its advantage; to have a … Read more

The Reserve Bank of India (RBI) is India’s central bank and regulatory body, responsible for overseeing the Indian banking system. Owned by the Ministry of Finance, Government of India, the RBI is tasked with controlling the issuance and maintaining the supply of the Indian rupee. Additionally, it manages the country’s main payment systems and promotes … Read more