Functions of reserve bank of india

 the following are the functions of reserve bank:-

1. ISSUE OF CURRENCY:- the central bank is given the sole monopoly of issuing currency in order to secure control over volume of currency and credit.
2. BANKER TO THE GOVERNMENT:- central bank functions as a banker to the government.it carries all banking issues.
3. BANKER'S BANK  AND SUPERVISOR:- central bank act as banker's bank in 3 capacities-

• it is custodian of their cash reserves.
• central bank is lender of last resort.
• it acts as a bank of central clearance, settlements and transfers.

        4. CONTROLLER OF CREDIT AND MONEY SUPPLY:- it controls credit and money supply by adopting quantitative measures. 

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