Reserve 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. 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. The bank was nationalised in 1949. References Other websites Media related to Reserve Bank of India at Wikimedia Commons Reserve Bank of India website Archived 2010-12-19 at the Wayback Machine