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Central bank

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Banking structure of a country comprises of central bank and the commercial banks. The commercial banks are engaged in accepting deposits from public and lending. In addition they provide many services to their depositors like cash withdraws and transfer of funds from one bank to another etc. The central bank is the supervisory bank over the commercial banks. It regulates the activities of these banks particularly the banking functions. If you. have visited some banks you must have observed that all banks have nearly the same rules of making deposits and similar lending rates. It is because all such rules are framed by the RBI. The central bank, however, does not deal with the public directly. it deals with government and commercial banks only.
Following are the main functions of the central bank, 1. Sale authority to issue currency.
2. Looks after government accounts and advises government on economic matters. 3. Regulates deposits and lending activities of commercial banks.
4. Lends money to the commercial bank in times of need (Lender of the last resort function). 5. Organizes inter-bank transfers (clearinghouse function). 6. Regulates the flow of foreign change. 7. conducts research on economic mailers.

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