Functioning of RBI

Key Functions

  • Monetary Management/Authority: The RBI formulates and executes monetary policy to secure monetary stability in India. It manages the currency and credit system, influencing money supply and interest rates. Powers for monetary management are derived from the RBI Act of 1934.
  • Supervision and Regulation of Banking and Non-Banking Financial Institutions: RBI protects depositors' interests through effective regulation. It monitors banking operations, solvency, and overall financial stability via policy measures. Regulatory powers come from the RBI Act of 1934 and Banking Regulation Act of 1949.
  • Regulation of Foreign Exchange Market, Government Securities Market, and Money Market: RBI oversees India's foreign exchange ....
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