Reserve Bank of India

central bank of India

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.

RBI headquarters in Mumbai

HistoryEdit

The 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]

ReferencesEdit

Other websitesEdit

  Media related to Reserve Bank of India at Wikimedia Commons