Central Bank Functions, Importance & Regulations | Open Dialogue | Episode 10 - Pt. 2

Presenting Part 2 of our Open Dialogue Podcast on "Central Banks: Guardians of the Economy."Explore the functions of central banks like monetary policy, cheque clearing process, banking payment systems & much more. Get deeper into the video to know the role of the central bank in economic development.This podcast further explores everything from RBI rules for cheque clearing to the importance of the central bank in money creation. Learn about the central bank balance sheet and explore its assets & liabilities like reserves, assets backing currency and foreign exchange reserves. Discover the evolution of central banking and unique structures like the US Federal Reserve. If you want to know the function of the central bank in economics, this video is your one-stop shop. Please do subscribe the channel to stay updated with our latest developments.Speakers: - Sameer Shetty - President & Head, Digital Business & Transformation, Axis Bank- Neeraj Gambhir - Group Executive, Treasury, Markets & Wholesale Banking Products – Axis BankOpen Dialogue: The aim of Open Dialogue by Axis Bank is to bring to the fore nuanced and insightful discussions on macroeconomics and market-oriented subjects.Chapters:00:00 - Introduction to Central Bank Functions02:55 - Evolution of Central Banking & Cheque Clearing Process06:36 - Structure of the Federal Reserve10:35 - Central Bank Money Creation13:45 - Importance of Central Banks in Economic Development17:20 - Role of Central Banks in Banking Payment Systems20:48 - Regulatory Aspect of Central Bank23:29 - Central Bank Balance Sheet27:52 - Central Bank Settlement Process32:10 - Function of Central Banks in Economics36:15 - Impact of Central Banks on Global Financial Systems39:52 - Analyzing Central Bank Policies43:28 - Challenges Faced by Central Banks47:05 - Future of Central Banking50:30 - Conclusion and Key TakeawaysSUBSCRIBE TO US -► https://www.youtube.com/@OpenDialogueByAxisDownload Axis Bank Open App: https://play.google.com/store/apps/details?id=com.axis.mobile&pcampaignid=web_shareFor more informative videos and discussion on important topics related to Banking, finance & economics:Linked in - https://www.linkedin.com/company/axis-bank/Instagram - https://www.instagram.com/axis_bank Facebook - https://www.facebook.com/axisbank Twitter - https://x.com/AxisBankCopyright:©Axis Bank Limited [2024]. All rights reserved. This video and all other videos in this channel are protected by copyright law and may not be used or reproduced without the express written permission of the copyright owner.STATUTORY DISCLAIMER:By accessing this video podcast “Podcast”, I acknowledge that Axis Bank Limited and its subsidiaries ("AXIS BANK") makes no warranty, guarantee, or representation as to the accuracy or sufficiency of the information featured in this Podcast. The information, opinions, and recommendations presented in this Podcast are for general information only and any reliance on the information provided in this Podcast is done at your own risk. This Podcast should not be considered professional advice. Unless specifically stated otherwise, AXIS BANK does not endorse, approve, recommend, or certify any information, product, process, service, or organization presented or mentioned in this Podcast, and information from this Podcast should not be referenced in any way to imply such approval or endorsement. Moreover, AXIS BANK makes no warranty that this Podcast, or the server that makes it available, is free of viruses, worms, or other elements or codes that manifest contaminating or destructive properties.AXIS BANK EXPRESSLY DISCLAIMS ANY AND ALL LIABILITY OR RESPONSIBILITY FOR ANY DIRECT, INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL OR OTHER DAMAGES ARISING OUT OF ANY INDIVIDUAL'S USE OF, REFERENCE TO, RELIANCE ON, OR INABILITY TO USE, THIS PODCAST OR THE INFORMATION PRESENTED IN THIS PODCAST