finance (general)

About Topic

The Reserve Bank of India (RBI) is the central bank of India that formulates, implements and monitors the monetary policy. It was established on April 1, 1935 in accordance with the provisions of the Reserve Bank of India Act, 1934. The role of RBI is to regulate money supply and maintain the price stability in the country. The RBI also monitors the functioning of commercial banks and non-banking finance companies in India.

Sign in to unlock member-only benefits!
  • Access 10 free stories every month
  • Save stories to read later
  • Access to comment on every story
  • Sign-up/manage your newsletter subscriptions with a single click
  • Get notified by email for early access to discounts & offers on our products
Sign in