Study series
Knowledge
Banking, financial and economic awareness, one topic at a time. Each part explains the topic in depth with diagrams and charts, sums up what to remember for the exam, and ends with a quiz.
Series A
RBI, Monetary Policy & Central Banking
How India's central bank came to be, what it does, and how it steers money, credit and inflation: the core of financial awareness and the ESI paper.
Useful forRBI Grade BSBI POIBPS POIBPS Clerk
Published4 of 20
- A1 · Part 1 of 20History and Evolution of the Reserve Bank of IndiaHow the RBI grew from a 1926 commission's idea into India's central bank: the 1934 Act, the 1949 takeover, bank nationalisation, the 1991 crisis, inflation targeting and the e-rupee.33 min read →
- A2 · Part 2 of 20Functions and Responsibilities of the RBIWhat the RBI actually does: monetary policy, bank regulation, forex, currency, development, government and bank banking, payments and the Ombudsman, with the law behind each.36 min read →
- A3 · Part 3 of 20How Monetary Policy Works in IndiaHow the RBI sets and runs monetary policy: the inflation target, the MPC and its votes, policy tools, liquidity and the call rate, transmission to loans, stances and the 2019–2026 rate cycle.32 min read →
- A4 · Part 4 of 20Repo Rate, Reverse Repo Rate and Standing Deposit FacilityHow the RBI's policy rates work: repo transactions, the LAF corridor, the old reverse repo floor, the Standing Deposit Facility, MSF and Bank Rate, with worked examples and the latest rates.30 min read →
- Parts 5–20 coming soonNew parts are added regularly.