Functions of RBI
The functions of the Reserve Bank today can be categorised as follows:
→ Monetary policy
→ Regulation and supervision of the banking and non-banking financial institutions, including credit information companies.
→ Regulation of money, forex and government securities markets as also certain financial derivatives.
→ Debt and cash management for Central and State Governments.
→ Management of foreign exchange reserves.
→ Foreign exchange management—current and capital account management.
→ Banker to banks
→ Banker to the Central and State Governments
→ Oversight of the payment and settlement systems
→ Currency management
→ Developmental role
→ Research and statistics
(Visited 14 times, 1 visits today)