BANKING

Business and work of The Reserve Bank of India

Reserve Bank is there 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 modern monetary policy framework to meet the challenge of an increasingly complex economy, to maintain price stability while keeping in mind the objective of growth.

Functions

  1. Monetary Policy
  2. Research and Data
  3. Issuer of Currency
  4. Regulation
  5. Financial Markets
  6. Financial Inclusion and Development
  7. Consumer Education and Protection
  8. Banker and Debt Manager to Government
  9. Banker to Banks
  10. Foreign Exchange Management
  11. Payment and Settlement Systems

 

Source: RBI

Categories: BANKING

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