Presently Reserve Bank of India has its internal organisation structure as under. The departments function under the Central Board. The Board of Financial Supervision as the names suggests is not a department, but a separate Board, constituted as a committee of the Central Board to undertake consolidated supervision of the financial sector comprising commercial banks, financial institutions and non-banking finance companies. The BFS oversees the functioning of Department of Banking Supervision (DBS), Department of Non-Banking Supervision (DNBS) and Financial Institutions Division (FID) and gives directions on the regulatory and supervisory issues.

1. Department of Currency Management

2. Urban Banks Department

3. Rural Planning and Credit Department

4. Exchange Control Department

5. Industrial and Export Credit Department

6. Board of Financial Supervision

7. Department of Banking Supervision

8. Department of Non-Banking Supervision (DNBS)

9. Department of Banking Operations and Development

10. Department of Technology

11. Legal Department

12. Monetary Policy Department

13. Internal Debt Management Cell

14. Department of External Investments and Operations

15. Department of Government and Bank Accounts

16. Department of Economic Analysis and Policy

17. Department of Statistical Analysis and Computer Services