The "Central Banking" book guides readers through the history, underlying theory, and functions of central banks. Banker to the Government, Banker's Bank, the issuance of notes, maintaining the internal and external value of the currency, and other important duties are performed by central banks. Financial stability has now been added to the list of policy objectives for central banks. The book adopts a modular structure as seen below: Module A: The Purpose and Roles of the Central Bank Module B: Indian Central Banking Financial and Credit Policies in Module C Module D: Managing Foreign Exchange Reserves and Indian Financial Market Participants Module E: Financial Stability, Regulation, and Supervision Module F: Primary Dealers and Non-Banking Financial Institutions.