<h1>Central bank mandates maintain price stability while considering growth, emphasising clear communication, coordination and financial stability tools.</h1> Central banks must preserve monetary and financial stability while supporting growth; the Reserve Bank's approach sets the primary objective of monetary policy as maintaining price stability within a flexible inflation targeting regime, varying policy stance and instrument choice with macroeconomic conditions. Crisis periods may require unconventional liquidity and asset measures alongside calibrated domestic regulatory responses. Post-crisis reforms focus on stronger capital, leverage and liquidity standards, macroprudential tools, resolution frameworks for stressed assets, and enhanced supervision of non-bank intermediaries and cooperative banks. Communication and coordination are essential to manage spillovers and align price stability, financial stability and growth.