Central Banking

Central Banking – Latest Edition 2025 is a comprehensive and updated coursebook published by the Indian Institute of Banking & Finance (IIBF) designed to support aspirants of JAIIB CAIIB and Diploma in Banking & Finance.This book provides a deep dive into the role evolution and functions of central banks with a particular focus on the Reserve Bank of India (RBI). It covers a broad range of topics from monetary policy to the management of financial markets and regulatory frameworks making it essential for banking professionals regulators and financial market participants.Structured into six detailed modules:Module A: Rationale and Functions of Central Bank – Origin objectives roles including note issuance currency stability and lender of last resort.Module B: Central Banking in India – Overview of the RBI’s organization evolution and key responsibilities.Module C: Monetary and Credit Policies – Tools and frameworks for monetary policy implementation and transmission.Module D: Management of Foreign Exchange Reserves and Constituents of Indian Financial Market – Focus on forex policy market instruments and capital flows.Module E: Regulation Supervision and Financial Stability – RBI''s regulatory functions systemic risk management and macroprudential supervision.Module F: Non-Banking Financial Companies and Primary Dealers – Role of NBFCs oversight mechanisms and development of secondary markets.This book not only serves as a core text for certification exams but also as a valuable reference for understanding the evolving role of central banks in modern economies.