Reserve Bank of India (RBI): Role, Functions & Importance

📌 Introduction The Reserve Bank of India (RBI) is the central bank of India, and plays a pivotal role in shaping the country’s economy and monetary policy. For aspirants of UPSC, IBPS, SSC, and other government exams, understanding the RBI’s static structure and functions is crucial. This blog breaks down the RBI’s origin, organizational setup, key functions, and current updates – all in a simple, exam-focused format. 🕰️ History & Establishment of RBI Event Details Established 1st April 1935 Under Reserve Bank of India Act, [...]