Conclusion

The Reserve Bank of India holds a vital in the banking and economic stability of the
country. It formulates and implements monetary policy in the country to maintain
stability and growth in the economy. As a bankers bank its role is essential for the
proper operation of the banking sector of the country. The Reserve Bank of India is
entrusted with multidimensional role and its role as a regulator had been crucial in
recent global crisis where Indian banking and financial system remained strong with
capital adequacy and stability. Thus, considering the role and functions of the
Reserve Bank of India, it can be termed as one of the most vital organizations of
Indian economy and super regulator of banking sector.