Reserve Bank of India (RBI)

The Reserve Bank of India (RBI) is the country's central bank. Its main function is to control the issuing and supply of the Indian rupee. In India, the Reserve Bank plays the role of the regulator of the entire banking system including commercial banks as well as non-banking finance companies. Along with the banking system, it is the leader of the money market too. The RBI is responsible for facilitating financial stability and inclusion.

India's monetary policy is implemented by the RBI. It serves as a banker to banks and the government by maintaining their accounts and executing transactions on their behalf as well as giving them banking services.

A Central Board of Directors is responsible for governing the work of the RBI. Additionally, each part of the country, North, South, East, and West has a local board that looks after the local interests of that area. The Central Board of Directors and Local Board members are nominated and appointed by the central government as per the Reserve Bank of India (RBI) Act.