- RBI is the central bank of India.
- Its primary functions include:
- Monetary Management/Authority.
- Regulation and Supervision of Banking and Non-Banking Financial Institutions.
- Regulation of Foreign Exchange Market, Govt. Securities Market, and Money Market.
- Management of Foreign Exchange Reserves.
- Current Account and Capital Account management.
- Banker to Central and State governments.
- Banker to Banks.
- Issuer of Currency.
- Oversight of payment and settlement systems.
- Developmental Role.