{"id":8365,"date":"2025-03-12T10:52:00","date_gmt":"2025-03-12T05:22:00","guid":{"rendered":"https:\/\/www.gettogetherfinance.com\/blog\/?p=8365"},"modified":"2025-10-13T16:59:09","modified_gmt":"2025-10-13T11:29:09","slug":"reserve-bank-of-india","status":"publish","type":"post","link":"https:\/\/www.gettogetherfinance.com\/blog\/reserve-bank-of-india\/","title":{"rendered":"Reserve Bank of India: The Central Regulatory Body"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" src=\"https:\/\/www.gettogetherfinance.com\/blog\/wp-content\/uploads\/2025\/03\/1-6-1024x597.webp\" alt=\"Reserve Bank of India\" class=\"wp-image-8366\"\/><\/figure>\n\n\n\n<p>RBI is the apex body of the Indian financial system which aims to regulate the overall economy of the country by controlling, issuing and maintaining the money supply in the Indian economy. The central banking system plays a crucial role in India\u2019s economic development and maintains smooth functioning of the entire banking system.<\/p>\n\n\n\n<p>This blog will briefly guide you about the roles and responsibilities of RBI in the Indian economy.<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_78 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.gettogetherfinance.com\/blog\/reserve-bank-of-india\/#What_is_RBI_Reserve_Bank_of_India\" >What is RBI (Reserve Bank of India)?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.gettogetherfinance.com\/blog\/reserve-bank-of-india\/#Major_Objectives_of_RBI_in_Indian_Economy\" >Major Objectives of RBI in Indian Economy<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.gettogetherfinance.com\/blog\/reserve-bank-of-india\/#Structure_of_Reserve_Bank_of_India\" >Structure of Reserve Bank of India<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.gettogetherfinance.com\/blog\/reserve-bank-of-india\/#Central_Board_of_Directors\" >Central Board of Directors<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.gettogetherfinance.com\/blog\/reserve-bank-of-india\/#Official_Director\" >Official Director<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/www.gettogetherfinance.com\/blog\/reserve-bank-of-india\/#Non-Official_Directors\" >Non-Official Directors<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/www.gettogetherfinance.com\/blog\/reserve-bank-of-india\/#Local_Boards_of_RBI\" >Local Boards of RBI<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/www.gettogetherfinance.com\/blog\/reserve-bank-of-india\/#Also_Read_How_Indian_Banks_are_governed_by_RBI\" >Also Read: How Indian Banks are governed by RBI<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/www.gettogetherfinance.com\/blog\/reserve-bank-of-india\/#Roles_and_Responsibilities_of_RBI\" >Roles and Responsibilities of RBI<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/www.gettogetherfinance.com\/blog\/reserve-bank-of-india\/#Issuer_of_Currency\" >Issuer of Currency<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/www.gettogetherfinance.com\/blog\/reserve-bank-of-india\/#Banker_to_the_Government\" >Banker to the Government<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/www.gettogetherfinance.com\/blog\/reserve-bank-of-india\/#Guides_Financial_Institutions\" >Guides Financial Institutions<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/www.gettogetherfinance.com\/blog\/reserve-bank-of-india\/#Implement_Monetary_Policies\" >Implement Monetary Policies<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/www.gettogetherfinance.com\/blog\/reserve-bank-of-india\/#Custodian_of_Foreign_Exchange_Reserves\" >Custodian of Foreign Exchange Reserves<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/www.gettogetherfinance.com\/blog\/reserve-bank-of-india\/#Lender_of_Last_Resort\" >Lender of Last Resort<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/www.gettogetherfinance.com\/blog\/reserve-bank-of-india\/#Promoter_of_Financial_Inclusion\" >Promoter of Financial Inclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/www.gettogetherfinance.com\/blog\/reserve-bank-of-india\/#Inflation_Targeting\" >Inflation Targeting<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/www.gettogetherfinance.com\/blog\/reserve-bank-of-india\/#Consumer_Protection\" >Consumer Protection<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-19\" href=\"https:\/\/www.gettogetherfinance.com\/blog\/reserve-bank-of-india\/#Financial_Inclusion_Initiatives\" >Financial Inclusion Initiatives<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-20\" href=\"https:\/\/www.gettogetherfinance.com\/blog\/reserve-bank-of-india\/#Monitoring_and_Supervision\" >Monitoring and Supervision<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-21\" href=\"https:\/\/www.gettogetherfinance.com\/blog\/reserve-bank-of-india\/#The_End_Thought\" >The End Thought<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-22\" href=\"https:\/\/www.gettogetherfinance.com\/blog\/reserve-bank-of-india\/#FAQs\" >FAQs<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-23\" href=\"https:\/\/www.gettogetherfinance.com\/blog\/reserve-bank-of-india\/#What_is_RBI\" >What is RBI?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-24\" href=\"https:\/\/www.gettogetherfinance.com\/blog\/reserve-bank-of-india\/#What_are_the_main_functions_of_RBI\" >What are the main functions of RBI?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-25\" href=\"https:\/\/www.gettogetherfinance.com\/blog\/reserve-bank-of-india\/#Who_is_the_founder_of_RBI\" >Who is the founder of RBI?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-26\" href=\"https:\/\/www.gettogetherfinance.com\/blog\/reserve-bank-of-india\/#What_are_the_objectives_of_RBI\" >What are the objectives of RBI?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-27\" href=\"https:\/\/www.gettogetherfinance.com\/blog\/reserve-bank-of-india\/#How_does_RBI_control_all_the_banks\" >How does RBI control all the banks?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-28\" href=\"https:\/\/www.gettogetherfinance.com\/blog\/reserve-bank-of-india\/#Where_is_RBI_situated_in_India\" >Where is RBI situated in India?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_is_RBI_Reserve_Bank_of_India\"><\/span>What is RBI (Reserve Bank of India)?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Reserve Bank of India (RBI) is the central bank and regulatory authority for the banking system in India. Established on April 1, 1935, under the Reserve Bank of India Act, 1934, it was created to respond to economic challenges following World War I. Initially privately owned, the RBI was nationalized in 1949 and is now fully owned by the Government of India.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Major_Objectives_of_RBI_in_Indian_Economy\"><\/span>Major Objectives of RBI in Indian Economy<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" src=\"https:\/\/www.gettogetherfinance.com\/blog\/wp-content\/uploads\/2025\/03\/2-7-1024x206.webp\" alt=\"Major Objectives of RBI in Indian Economy\" class=\"wp-image-8368\"\/><\/figure>\n\n\n\n<p>RBI was set up as the central bank with the aim of fulfilling these objectives:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Regulating issue of banknotes<\/li><li>Achieving monetary stability in the Indian economy<\/li><li>Operating credit and currency system of the country<\/li><li>Boost the economic growth through achieving price stability<\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Structure_of_Reserve_Bank_of_India\"><\/span>Structure of Reserve Bank of India<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" src=\"https:\/\/www.gettogetherfinance.com\/blog\/wp-content\/uploads\/2025\/03\/3-7-1024x206.webp\" alt=\"Structure of Reserve Bank of India\" class=\"wp-image-8369\"\/><\/figure>\n\n\n\n<p>RBI works as a central body which needs to be well structured to control the operations of a huge economy like India. Let\u2019s have a look at the internal structure of RBI to manage its working.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Central_Board_of_Directors\"><\/span>Central Board of Directors<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>The Central Board of Directors consists of the main community of the Reserve bank of India. There are 21 members which include the staff of:<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Official_Director\"><\/span>Official Director<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<ul class=\"wp-block-list\"><li>Governor of RBI, maximum of 4 deputy governors<\/li><\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Non-Official_Directors\"><\/span>Non-Official Directors<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<ul class=\"wp-block-list\"><li>10 directors as nominated by the government of India<\/li><li>4 directors representing 4 local boards of RBI<\/li><li>2 government officials nominated by the GoI<\/li><\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Local_Boards_of_RBI\"><\/span>Local Boards of RBI<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>5 members who represent regional interests as well as cooperative and indigenous banks<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Also_Read_How_Indian_Banks_are_governed_by_RBI\"><\/span>Also Read: <a href=\"https:\/\/www.gettogetherfinance.com\/blog\/rbi-regulations\/\" data-type=\"URL\" data-id=\"https:\/\/www.gettogetherfinance.com\/blog\/rbi-regulations\/\">How Indian Banks are governed by RBI<\/a><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Roles_and_Responsibilities_of_RBI\"><\/span>Roles and Responsibilities of RBI<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" src=\"https:\/\/www.gettogetherfinance.com\/blog\/wp-content\/uploads\/2025\/03\/4-7-1024x206.webp\" alt=\"Roles and Responsibilities of RBI\" class=\"wp-image-8370\"\/><\/figure>\n\n\n\n<p>RBI plays a vital role in ensuring the stability and growth of the Indian economy by regulating the banking system, managing currency, and implementing monetary policy. Let\u2019s see its roles and responsibilities.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Issuer_of_Currency\"><\/span>Issuer of Currency<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>The RBI has the exclusive right to issue currency notes in India, except for the one-rupee note, which is issued by the Ministry of Finance. It ensures that there is enough currency in circulation to meet the needs of the economy.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Banker_to_the_Government\"><\/span>Banker to the Government<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>The bank acts as the banker for both the central and state governments. It manages government accounts, handles transactions, and provides financial advice. It also helps the government raise funds by issuing bonds and securities.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Guides_Financial_Institutions\"><\/span>Guides Financial Institutions<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>The RBI regulates and supervises banks and financial institutions in India. It is responsible for setting the rules for their operations, such as licensing banks, ensures they maintain adequate capital, and protects the interests of depositors.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Implement_Monetary_Policies\"><\/span>Implement Monetary Policies<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>The RBI formulates and applies monetary policy to control the supply of money in the economy. It uses tools like interest rates and reserve requirements to manage inflation and ensure economic stability.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Custodian_of_Foreign_Exchange_Reserves\"><\/span>Custodian of Foreign Exchange Reserves<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>The RBI manages India\u2019s foreign exchange reserves, which include foreign currencies and gold. This helps stabilize the Indian currency and supports international trade.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Lender_of_Last_Resort\"><\/span>Lender of Last Resort<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>In times of financial crisis, the bank acts as a lender of last resort for banks, providing them with emergency funds to maintain stability in the banking system.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Promoter_of_Financial_Inclusion\"><\/span>Promoter of Financial Inclusion<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>The Bank works to improve access to banking services for all sections of society, including rural and underserved areas. It encourages the development of financial infrastructure to support this goal.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Inflation_Targeting\"><\/span>Inflation Targeting<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>The RBI sets key interest rates, like the repo rate, to influence borrowing costs and control inflation. In 2016, the RBI set a target to keep inflation around 4%, with a little wiggle room of \u00b12%. This means they aim to keep prices stable, which is good for everyone\u2019s wallet. However, as of August 2023, the inflation rate was reported at <strong>6.83%<\/strong>, indicating challenges in meeting the target.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Consumer_Protection\"><\/span>Consumer Protection<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>The RBI has set up rules to protect consumers, making sure banks treat customers fairly and are transparent about their services. If something goes wrong, there are ways for customers to get help.<\/p>\n\n\n\n<p>The RBI received over 50,000 complaints in 2022 regarding banking services, highlighting the importance of consumer protection measures.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Financial_Inclusion_Initiatives\"><\/span>Financial Inclusion Initiatives<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>The RBI is all about making banking accessible to everyone, especially those in rural or underserved areas. They encourage banks to reach out and provide services to people who might not have easy access to banking.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Monitoring_and_Supervision\"><\/span>Monitoring and Supervision<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>The RBI keeps a close eye on banks to make sure they\u2019re following the rules. They conduct audits and checks to ensure everything is running smoothly and that banks are financially healthy.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"The_End_Thought\"><\/span>The End Thought<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>RBI is the governing body of commercial banks in India. It is the central institution which aims to implement effective monetary policies in the country to stabilize the overall economic growth and development.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"FAQs\"><\/span>FAQs<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n<div id=\"rank-math-faq\" class=\"rank-math-block\">\n<div class=\"rank-math-list \">\n<div id=\"faq-question-1741151628101\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \"><span class=\"ez-toc-section\" id=\"What_is_RBI\"><\/span><strong>What is RBI?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"rank-math-answer \">\n\n<p>RBI or Reserve Bank of India is the central banking institution in India which is responsible for regulating India\u2019s overall economic growth. It is a government owned corporation that aims to guide the working of banking and non-banking institutions in India.<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-1741151643245\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \"><span class=\"ez-toc-section\" id=\"What_are_the_main_functions_of_RBI\"><\/span><strong>What are the main functions of RBI?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"rank-math-answer \">\n\n<p>The primary function of RBI is to control, issue and maintain the supply of currency in the Indian market. RBI regulates the overall Indian economy and promotes development by implementing suitable monetary policies.<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-1741151651118\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \"><span class=\"ez-toc-section\" id=\"Who_is_the_founder_of_RBI\"><\/span><strong>Who is the founder of RBI?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"rank-math-answer \">\n\n<p>Sir Osborne Smith was the first governor of the bank when RBI commenced its operations during the chronology of events within the time period of 1935-1949.<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-1741151656676\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \"><span class=\"ez-toc-section\" id=\"What_are_the_objectives_of_RBI\"><\/span><strong>What are the objectives of RBI?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"rank-math-answer \">\n\n<p>RBI regulates the issue of banknotes, stabilizes the country\u2019s economy through monetary policies and operates the credit and currency system of the country.<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-1741151668703\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \"><span class=\"ez-toc-section\" id=\"How_does_RBI_control_all_the_banks\"><\/span><strong>How does RBI control all the banks?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"rank-math-answer \">\n\n<p>RBI controls the banks through banking regulation act 1949 under which the central bank conducts on site inspection and off site surveillance as well as supervise commercial banks.<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-1741151676879\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \"><span class=\"ez-toc-section\" id=\"Where_is_RBI_situated_in_India\"><\/span><strong>Where is RBI situated in India?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"rank-math-answer \">\n\n<p>RBI was initially established in Kolkata but it was permanently shifted to Mumbai in 1937.<\/p>\n\n<\/div>\n<\/div>\n<\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>RBI is the apex body of the Indian financial system which aims to regulate the overall economy of the country by controlling, issuing and maintaining the money supply in the&#8230;<\/p>\n","protected":false},"author":6,"featured_media":9495,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[62],"tags":[],"class_list":["post-8365","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-stock-market"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.gettogetherfinance.com\/blog\/wp-json\/wp\/v2\/posts\/8365","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.gettogetherfinance.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.gettogetherfinance.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.gettogetherfinance.com\/blog\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/www.gettogetherfinance.com\/blog\/wp-json\/wp\/v2\/comments?post=8365"}],"version-history":[{"count":3,"href":"https:\/\/www.gettogetherfinance.com\/blog\/wp-json\/wp\/v2\/posts\/8365\/revisions"}],"predecessor-version":[{"id":9496,"href":"https:\/\/www.gettogetherfinance.com\/blog\/wp-json\/wp\/v2\/posts\/8365\/revisions\/9496"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.gettogetherfinance.com\/blog\/wp-json\/wp\/v2\/media\/9495"}],"wp:attachment":[{"href":"https:\/\/www.gettogetherfinance.com\/blog\/wp-json\/wp\/v2\/media?parent=8365"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gettogetherfinance.com\/blog\/wp-json\/wp\/v2\/categories?post=8365"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gettogetherfinance.com\/blog\/wp-json\/wp\/v2\/tags?post=8365"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}