Monetary Authority
The Reserve Bank of India constantly works towards keeping inflation under check
and ensuring adequate supply of liquidity for the productive sector as also towards
financial stability.
Supervisor of the Financial System
Prescribes regulations for sound functioning of banks and financial institutions,
including non-banking finance companies
- Promotes best practices in risk management and corporate governance to protect
depositors' interest and to enhance public confidence in the financial system of
the country
- Encourages use of technology in banks to provide cost-effective service to consumers.
Issuer of Currency
Ensures good quality coins and currency notes in adequate quantity
- Mops up notes and coins unfit for circulation
- Advises the Government on designing of currency notes with the latest security
features.
Manager of Foreign Exchange
Formulates policies to facilitate external trade and payments, facilitates foreign
investments in India and Indian investments abroad and promotes orderly development
of foreign exchange markets.
Banker to the Government
Maintains accounts of central and state governments. Performs merchant banking function
for the central and the state governments
- Encourages development and orderly functioning of Government securities market
- Advises central and state governments in better cash management.
Payment Systems
Work towards establishment of modern, robust, efficient, secure and integrated payment
and settlement system for the country.
Bankers' Bank
Ensures adequate liquidity in the financial system and in individual banks, on a
daily basis
- Performs lender of the last resort function.
Developmental Role
Performs a wide range of functions to support national objectives such as ensuring
orderly growth and development of financial markets and institutions, creating institutions
to serve specialised financial needs and extending the organised financial sector
to all parts of the economy.
Under Research
Serves as the primary source of information on Indian economy and financial system
- Analyses the issues and problems affecting the Indian economy
- Renders advice for policy formulation and shaping monetary, banking and financial
policies
- Prepares the Bank's publications
- Warehouses data to enable decision-making.
Indicative Job Roles for Officers in Grade B