What is an rbi?

Here's some information about a Reserve Bank of India (RBI), formatted in Markdown with links:

The Reserve Bank of India (RBI) is India's central bank and regulatory body responsible for the orderly development and stability of the Indian financial system. It was established on April 1, 1935, under the Reserve Bank of India Act, 1934.

Key Functions:

• Monetary Policy: The RBI formulates and implements Monetary%20Policy to control inflation and maintain price stability while promoting economic growth.
• Currency Management: It issues and manages the Indian currency, the Indian%20Rupee.
• Regulation and Supervision of Banks: The RBI regulates and supervises Banks and other financial institutions to ensure their stability and protect depositors' interests.
• Payment and Settlement Systems: The RBI operates and regulates Payment%20and%20Settlement%20Systems, including electronic funds transfer and cheque clearing.
• Government Banker: It acts as the banker to the Government, managing its accounts and providing banking services.
• Foreign Exchange Management: The RBI manages India's Foreign%20Exchange reserves and regulates foreign exchange transactions.

Organizational Structure:

The RBI is governed by a Central%20Board%20of%20Directors. The Governor is the chief executive officer of the RBI. The head office of RBI is located in Mumbai.