RBI Guidelines: Reserve Bank of India#
Role of RBI#
The Reserve Bank of India (RBI) is the central bank of India responsible for:
- Formulating monetary policy
- Issuing currency notes
- Regulating banking sector
- Managing foreign exchange
- Maintaining financial stability
Key RBI Functions#
- Monetary Policy
- Banking Regulation
- Currency Management
- Foreign Exchange Management
- Financial System Stability
Monetary Policy Tools#
| Tool | Description |
|---|---|
| Repo Rate | Rate at which RBI lends to banks |
| Reverse Repo Rate | Rate at which RBI borrows from banks |
| CRR | Cash Reserve Ratio |
| SLR | Statutory Liquid Ratio |
| MSF | Marginal Standing Facility |
Recent RBI Guidelines#
- Digital lending guidelines
- Privacy and data protection
- Lending rates normalization
- Fintech regulations
Regulatory Bodies Under RBI#
- Scheduled Commercial Banks
- Regional Rural Banks
- Urban Cooperative Banks
- Non-Banking Financial Companies (NBFCs)