Agency of the government of India.
http://www.rbi.org.in/home.aspx
The Reserve Bank of India (RBI) is the central banking institution of India and controls the monetary policy of the Indian rupee. The institution is also the regulator and supervisor of the financial system and prescribes broad parameters of banking operations within which the country's banking and financial system functions.
Key Facts
The Reserve Bank of India's Board for Financial Supervision (BFS) was constituted in November 1994 as a committee of the Central Board of Directors of the Reserve Bank of India. The primary objective of BFS is to undertake consolidated supervision of the financial sector comprising commercial banks, financial institutions and non-banking finance companies.
Additional Information
About the Reserve Bank of India
Who it affects
Commercial banks, financial institutions and non-banking finance companies doing business in India.
Wikipedia Entry
http://en.wikipedia.org/wiki/Reserve_Bank_of_India