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The fifth volume on the history of the Reserve Bank of India covers the years from 1997-98 to 2007-08. During this period, it introduced key institutional and financial market reforms in a rapidly changing economic environment and facilitated faster integration of the Indian economy. The Bank rationalised and introduced innovative instruments of monetary control; strengthened regulatory and supervisory processes for both banking and non-banking sectors; adjusted its approach to achieve and sustain financial stability; focussed on building financial market institutions and infrastructure; and spurred legal and other amendments in the larger public interest as also for achieving flexibility with stability in the economy. It also worked to improve the rural credit system, financial inclusion and customer protection.

Banks and banking, Central --- History. --- Reserve Bank of India --- Banker's banks --- Banks, Central --- Central banking --- Central banks --- Banks and banking --- Bhāratīya Rizarva Baiṅka --- RBI --- Bhāratīya Rijarva Baiṅka --- Banks and banking, Central.