Central Banking

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The book on 'Central Banking' is the result of continuous efforts made by the Institute to complete the set of electives that represent developing areas of interest to the practicing Bankers. Authored by former executives of Reserve Bank of India, the book carries their stamp of authority and clarity on the subject. The book covers the functions of central banks, evolution of central banking in India, monetary policy and credit policy, the nexus between fiscal and monetary policy and finally the evolution of regulation and supervision culminating in a discussion on financial stability. Reading through this book on central banking, we hope, should become an exercise in intellectual pleasure to the reader. The book has been edited by Dr. R Bhaskaran, CEO of IIBF. About The Author Indian Institute of Banking & Finance (IIBF) formerly The Indian Institute of Bankers, established in 1928, is a professional body of banks, financial institutions and their employees in India. During its 83 years of service, IIBF has emerged as a premier institute in banking and finance education for those employed in the sector, aiming for professional excellence. Since its inception the institute has awarded over 5 lakh banking and finance qualifications, viz., JAIIB, CAIIB, Diplomas and certificates in specialized areas. The pedagogy of Distance Learning offered by the Institute comprises: (i) publishing specific course ware for each paper/examination; (ii) publishing workbooks; (iii) holding tutorials through accredited institutions (iv) organizing contact classes; (v) conducting virtual classes; (vi) offering e-learning through portal; (vii) organizing campus training for selected courses etc.