Homonym: RBI (Run)
The Reserve Bank of India (RBI) is the central banking institution of India, responsible for regulating the country's monetary policy. Established in 1935, its primary functions include managing currency, controlling inflation, and overseeing the financial system. The RBI also plays a crucial role in maintaining the stability of the Indian economy.
In addition to monetary policy, the RBI supervises commercial banks and financial institutions, ensuring they operate safely and soundly. It also manages foreign exchange and acts as the banker to the government, facilitating transactions and managing public debt. Overall, the RBI is vital for India's economic health and financial stability.