Reserve Bank of India
Central banking institution of India
The Reserve Bank of India (RBI) is India's central banking institution, which controls the issuance and supply of the Indian rupee. Until the Monetary Policy Committee was established in 2016, it also controlled monetary policy in India. It commenced its operations on 1 April 1935 in accordance with the Reserve Bank of India Act, 1934. The original share capital was divided into shares of 100 each fully paid, which were initially owned entirely by private shareholders. Following India's independence on 15 August 1947, the RBI was nationalised on 1 January 1949.
No news matches foundSorry, we were unable to find any results in our database for your query
Free news archive access
Did you know?
You are eligible to search our news archive with millions of news references free of charge.
To do this, please sign in first at the top of the screen.
• Information about free access to our news archive
Search this site and the web:
You Might Like