Headquarter of RBI, Mumbai

Established on 1April 1935 and nationalized in 1949

The Reserve Bank of India is the central bank of the country It formulates, implements and monitors India's monetary policy

History of RBI

GovernorDr. D Subbarao

The Reserve Bank of India performs this function under the guidance of the Board for Financial Supervision (BFS). The Board was constituted in November 1994 as a committee of the Central Board of Directors of the Reserve Bank of India.

Primary objective of BFS is to undertake consolidated supervision of the financial sector comprising commercial banks, financial institutions and non-banking finance companies.

1) Issuer of currency

2) Banker to Government

3) Bankers bank & Lender of Last Resort

4) Controller of Credit

5) Manager of Foreign Exchange

6) Monetary Authority

7) Regulator and supervisor of the financial system

8) Developmental role