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."Reserve Bank of India Act, 1934; retrieved 2012-6-27. The bank was nationalised in 1949. "Reserve Bank of India: Platinum Jubilee", p. 6 [PDF 8 of 40]; retrieved 2012-6-27.

References

Other websites

 Reserve Bank of India website 

Category:1935 establishments in India
Category:Banks of India