RBI

Why it matters

• Acts as the primary regulator and supervisor of the Indian banking system to maintain financial stability.
• Functions as the sole issuer of banknotes and manages the nation's foreign exchange reserves.
• Formulates and implements monetary policy to manage inflation and support economic growth.
• Serves as the banker to the government and provides essential payment and settlement systems.

How it is asked

Focus on the statutory mandates under the Reserve Bank of India Act, the tools of monetary policy such as repo rates and cash reserve ratios, and the bank's role in financial inclusion and digital payment oversight.