The book on “Central Banking� walks the readers through the evolution of Central Banks, the underlying rationale and their functions. Important functions of Central Banks include Banker to the Government, Banker’s bank, issuance of notes, maintaining internal and external value of the currency etc. Central Banks have now adopted financial stability as an additional objective of policy. The book follows a modular approach as under: Module A: Rationale and Functions of Central Bank Module B: Central Banking in India Module C: Monetary and Credit Policies Module D: Management of Foreign Exchange Reserves and Constituents of Indian Financial Market Module E: Regulation, Supervision and Financial Stability Module F: Non-Banking Financial Companies and Primary Dealers