Reserve Bank of India

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RBI headquarters in Mumbai

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.

[change] History

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].

[change] References

  1. ↑ "Reserve Bank of India Act, 1934; retrieved 2012-6-27.
  2. ↑ "Reserve Bank of India: Platinum Jubilee", p. 6 [PDF 8 of 40]; retrieved 2012-6-27.

[change] Other websites


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