Reserve Bank of India (RBI)

The Reserve Bank of India (RBI) is India’s central bank, responsible for managing the country’s currency, money supply, and financial stability. It formulates monetary policy to control inflation and support economic growth. RBI oversees commercial banks, ensuring they operate safely and efficiently, and manages government accounts and currency issuance. It also regulates the banking sector to protect consumers and maintain trust in the financial system. Essentially, RBI acts as the financial system’s regulator and stabilizer, aiming to promote a healthy economy by balancing inflation, growth, and financial security.