Reserve Bank of India

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At Reserve Bank of India, the institutional remit includes digital asset policy. As an Indian central monetary authority, Reserve Bank of India also oversees financial market oversight. Reserve Bank of India addresses regulatory enforcement, while its crypto-facing responsibilities also include institutional supervision and crypto compliance framework. Specific responsibilities at Reserve Bank of India include reserve management functions, central bank monetary authority, bank licensing framework, and banking system oversight. For central bank monetary authority, follow decisions formally issued by Reserve Bank of India; coordination or implementation around bank licensing framework may also be relevant. Do not classify a proposal on bank licensing framework here before Reserve Bank of India grants formal approval.

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