Reserve Bank of India

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.

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