Reserve Bank of India (RBI)
The Reserve Bank of India is the central bank and monetary regulatory authority of India, established under the RBI Act 1934, responsible for monetary stability, currency issuance, foreign exchange reserves, and banking supervision.
Permanent Role & Statutory Function
Central bank and regulatory body of India established under the Reserve Bank of India Act, 1934, responsible for the issue and supply of the Indian rupee and the regulation of the Indian banking system.
Constitutional & Executive Responsibilities
Formulation and implementation of national monetary policy via the Monetary Policy Committee (MPC) to ensure price stability
Supervision and regulation of commercial banks, non-banking financial companies (NBFCs), and payment systems
Management of foreign exchange reserves under the Foreign Exchange Management Act (FEMA 1999)
Sole authority for the issue of currency notes and debt manager to the Central and State Governments
Safeguarding bank depositor interests and operating the Reserve Bank Integrated Ombudsman Scheme