RBI Cyber Security Framework(RBI-CSF) History RBI stands for Reserve Bank of India, a India's central bank and regulatory body establish in 1 April 1935 in accordance with Reserve Bank of India Act 1934. Purpose & Objective RBI's basic function as a reserve bank is to " to regulate the issue of Bank notes and keeping of reserves with a view to securing monetary stability in India and generally to operate the currency and credit system of the country to its advantage; to have a modern monetary policy framework to meet the challenge of an increasingly complex economy, to maintain price stability while keeping in mind the objective of growth ." The primary objectives of RBI are to undertake initiatives to: Define the framework and guidelines and act as monitoring regulatory body for financial sectors consisting of commercial banks, financial institutions and non- banking financial companies (NBFC), Urban co-operative bank (UCB) etc. Fortifying the role of statutor
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