The Reserve Bank of India (RBI) is the central bank of India, established in 1935. It has several objectives such as regulating the issue of banknotes and maintaining monetary stability in India. RBI has a governor and deputy governors that oversee its organizational structure. Its key functions include financial supervision of banks and non-banking institutions, regulating the financial system, facilitating payments and settlements, managing government finances and foreign exchange, issuing currency, acting as a bank for banks and controlling credit in the economy. In conclusion, RBI plays a vital role in supporting India's economy through its diverse responsibilities and operations.