• Dr. Vijay Singh Negi

Since whilst India was given its independence in 1947, the stumbling block in the front of the policymakers became to fight the poverty which became inherited from the Britishers and a few which took delivery all through the partition. The troubles had been many however the answer became implicitly and explicitly the same, that is, to enhance the Indian financial system so the great of lifestyles and in line with capita profits of a person should flourish. Economy is called as veins and the blood flowing in the ones veins is not anything however cash. The cash and it circulation is the oxygen for any financial system and controlling it's miles one of the maximum essential part. The Reserve Bank of India (RBI) became installed in the year 1935 according with the Reserve Bank of India Act, 1934. The Reserve Bank of India is the central Bank of India entrusted with the multidimensional function. It plays essential economic features from difficulty of forex be aware to protection of economic balance in the country. Initially the Reserve Bank of India became a personal shareholder’s business enterprise which became nationalized in 1949. Its affairs are ruled through the Central Board of Directors appointed through the Government of India. Since its inception the Reserve Bank of India had performed an essential function withinside the monetary improvement and economic balance withinside the country. This paper is a try discover into the function, features, and contribution of RBI in Indian Economy. RBI, on the grounds that its inception, has been gambling key function in the method of economic, banking and economic guidelines vital for Indian financial system. No Department has witnessed the diverse levels of transition of Indian banking machine from a closed one to well-liberalized one (specially on the grounds that mid-1990s) from nearer quarters than the Department of Banking Operations and Development - popularly known as DBOD. To facilitate the transition process and in order to effectively perform its varying roles in the changing banking scenario, from ‘regulator’ to ‘facilitator’ over the period, Department has undergone various organizational changes and so also in its activities, approach and functioning.

Facilitator, Regulator, Monetary Stability, DBOD.

"“RBI, THE CUSTODIAN OF INDIAN ECONOMIC AND FINANCIAL SYSTEM”", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.6, Issue 3, page no.71-81, March-2019, Available :http://www.jetir.org/papers/JETIR1903O13.pdf

"“RBI, THE CUSTODIAN OF INDIAN ECONOMIC AND FINANCIAL SYSTEM”", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.6, Issue 3, page no. pp71-81, March-2019, Available at : http://www.jetir.org/papers/JETIR1903O13.pdf