This book examines the evolution and present structure of the monetary, banking, and financial system of India, with a focus on post-1991 period. The book deals with forms and functions of money (including e-money), the role of the Reserve Bank of India (RBI) in monetary and credit management, and the evolution of monetary policy in India since independence in 1947. It describes and critically examines the functioning of various banking institutions, covering: commercial banks, regional rural banks, urban co-operative banks, rural co-operative credit institutions, and development banks. This text is designed to help you internalise the basics of money and banking. There is a little math, some graphs, and some sophisticated vocabulary, but nothing terribly difficult, if you put your brain to it. The text’s most important goal is to get you to think for yourselves.