The document provides an overview of the role and functions of the Reserve Bank of India (RBI), which serves as the central bank of India. It establishes that the RBI was established in 1935 according to the Reserve Bank of India Act of 1934. The key responsibilities of the RBI include issuing and managing currency, serving as the banker to the government, supervising commercial banks, and regulating money supply and credit in India to promote monetary stability and economic growth. The RBI utilizes various monetary policy tools and techniques to achieve its objectives of maintaining price stability and controlling expansion of bank credit in India.