The Reserve Bank of India (RBI) is a top banking institution of the Republic of India. The bank controls the money supply in the country.

History
changeThe bank was established on 1 April 1935, when India was under British rule. The Bank was established under the Reserve Bank of India Act, 1934.[1] The bank was nationalised in 1949.[2]
References
change- ↑ "Reserve Bank of India Act, 1934; retrieved 2012-6-27.
- ↑ "Reserve Bank of India: Platinum Jubilee", p. 6 [PDF 8 of 40]; retrieved 2012-6-27.
Other websites
changeMedia related to Reserve Bank of India at Wikimedia Commons
- Reserve Bank of India website Archived 2010-12-19 at the Wayback Machine