Reserve Bank of India

The Reserve Bank of India (RBI) is the central bank of India, established in 1935. It manages the country’s monetary policy, regulates the banking sector, and ensures financial stability. The RBI issues currency, controls inflation, and sets interest rates to influence economic growth. It also supervises commercial banks, ensuring they operate safely and efficiently. Additionally, the RBI plays a crucial role in managing foreign exchange and the country’s gold reserves. By maintaining a stable financial environment, the RBI aims to foster public confidence in the monetary and financial system of India.