<Table> <Tr> <Td> </Td> <Td> It has been suggested that this article be merged with Reserve Bank of India . (Discuss) Proposed since January 2017 . </Td> </Tr> </Table> <Tr> <Td> </Td> <Td> It has been suggested that this article be merged with Reserve Bank of India . (Discuss) Proposed since January 2017 . </Td> </Tr> <P> Reserve Bank of India is India's central bank, headquartered at Bombay . Central bank of a country execute multiple functions such as overseeing monetary policy, issuing currency, managing foreign exchange, working as a bank of government and as banker of scheduled commercial banks, etc . It also works for overall economic growth of the country . The Reserve Bank of India was established in 1935 with the provision of Reserve Bank of India Act, 1934 . Though privately owned initially, it was nationalised in 1949 and since then fully owned by Government of India (GoI). The preamble of the Reserve Bank of India describes it main functions as: </P> <P>... to regulate the issue of Bank Notes and keeping of reserves with a view to securing monetary stability in India and generally to operate the currency and credit system of the country to its advantage . </P>

Role of rbi in the indian banking system
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