Institutions
Reserve Bank of India
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The Reserve Bank of India is India's central bank, established April 1, 1935 under the Reserve Bank of India Act to regulate the issue of banknotes and the keeping of reserves, securing monetary stability in India and generally operating the country's currency and credit system to its advantage. Founded as a privately owned institution under British colonial administration, it was nationalized on January 1, 1949, roughly a year and a half after Indian independence, and is now fully owned by India's Ministry of Finance. Headquartered in Mumbai, it regulates the Indian banking and financial system alongside its core monetary-policy functions.
Facts
Founding Year Founding Date HeadquartersMumbai, Maharashtra, India 1 Sources
1. Wikipedia
Wikimedia FoundationReserve Bank of India, lead section and mandateQuote, Reserve Bank of India, lead section and mandate
to regulate the issue of Bank notes and keeping of reserves with a view to securing monetary stability in India and generally to operate the currency and credit system of the country to its advantage
1. Wikipedia
Wikimedia FoundationReserve Bank of India, lead sectionQuote, Reserve Bank of India, lead section
Headquarters: Mumbai, Maharashtra, India
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