The book on “Central Banking” walks the readers through the evolution of Central Banks, the underlying rationale and their functions. Important functions of Central Banks include Banker to the Government, Banker’s bank, issuance of notes, maintaining internal and external value of the currency etc. Central Banks have now adopted financial stability as an additional objective of policy. The book follows a modular approach as under:

• Module A: Rationale and Functions of Central Bank
• Module B: Central Banking in India
• Module C: Monetary and Credit Policies
• Module D: Management of Foreign Exchange Reserves and Constituents of Indian Financial Market
• Module E: Regulation, Supervision and Financial Stability
• Module F: Non-Banking Financial Companies and Primary Dealers