The Reserve Bank of India (RBI) was established in 1935 and nationalized in 1949. It regulates the country's banking system, currency, and credit. The RBI maintains monetary stability, a stable exchange rate, and balanced economic growth through its various departments that oversee currency, banking operations, supervision, policy, and more. Key roles of the RBI include issuing currency, acting as a bank to banks and the government, managing foreign exchange rates and credit, supervising banks, and promoting development of the financial system.

1. Amritha Raghunath
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2.  Central bank of India.
 Established in 1935 and nationalized in 1949
 According to RBI Act, “to regulate the issue of
bank notes and keeping of reserve with a
view to secure system of country to its
advantage

3. The main objectives are as follows:
 To maintain the monetary and credit system
of the country
 To stabilize internal and external value of
rupees
 For balanced and systematic development of
banking in the country
 For the development of organized money
market in the country
 For proper arrangement of agricultural
finance

4.  For proper arrangement of industrial
finance
 For proper arrangement of public debts
 To establish monetary relations with the
other country and international financial
institution
 For centralization of cash reserves of
commercial banks
 To maintain balance between demand and
supply of currency

5. Governor-1,
Dy. Governors- 4 ,
Govt. official -1
Directors nominated by govt.-10
Directors nominated from 4 local
boards-4
Central Board of Directors-20

6. Some of the departments in RBI are:
 Customer service department
 Department of banking operations and development
 Department of banking supervision
 Department of communication
 Department of currency management
 Department of economic and policy research
 Department of expenditure and budgetary control
 Department of external investment and operations
 Department of government and bank accounts
 Department of information technology
 Department of non banking supervision

7.  Assisting the government in establishing
specialized financial institution-IFCI, SFCs,
IDBI,ICIC, NABAD, IDFC
 Expanding the banking system-
 Relationship with the Government.-
 Regulating and supervising
 Managing the money market
 Developing the payment system-RTGS,
MICR

8. Traditional function
 Issue of Currency Notes
 Banker to other Banks
 Banker to the Government
 Exchange Rate Management
 Credit Control Function
 Supervisory Function

9. Promotional function
 Development of the Financial System
 Development of Agriculture
 Provision of Industrial Finance
 Provisions of Training
 Collection of Data
 Publication of the Reports :
 Promotion of Banking Habits
 Promotion of Export through Refinance