The Reserve Bank of India plays three key roles: a developmental role, supervisory role, and a role in economic development. As part of its developmental role, the RBI works to ensure credit is available to productive sectors of the economy, performs promotional functions to support national objectives, and establishes institutions to build India's financial infrastructure like NABARD and IDBI. For its supervisory role, the RBI grants banking licenses, controls new branch openings, inspects banks, and regulates non-bank financial institutions. It also implements deposit insurance schemes. Finally, in its role in economic development, the RBI aims to develop the banking system, financial institutions, backward areas, maintain economic stability and growth, and manage interest rate