2.5.1. Reserve Bank of India

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2.5.1. Reserve Bank of India

Objectives Legal Framework Major Functions of RBI Monetary Authority Regulatory and Supervisory Foreign Exchange Management Currency Issuer Developmental role Related Functions Monetary Policy Committee (MPC)Composition of MPC Process of Monetary Policy formulation RBI and Government Section 7 of the Reserve Bank of India Act RBI's reserves Dividends to government Handling of weak public sector banks Prompt corrective action or PCA framework Easing loans to small and medium enterprises or SMEs

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