In addition to its role as monetary authority, the RBI has responsibilities for forex management and government domestic debt management – both national and sub national. It is also the banking regulator – it regulates commercial banks, cooperative banks (both rural and urban), financial institutions and non banking financial companies.
See Central Bank of Ireland communication here and the ECB guidance here. 30. Ibid. 31. Lane, Philp. R., Interview with Il Sole 24 Ore, 11 June 2020. ©2021 Central Bank of Ireland  https://www.centralbank.ie/news/article/speeche-risks-resilience-and-policy-responses-to-covid-19-sharon-donnery-17-jun-20  7/7