Reserve Bank of India
Posted on : November 24, 2018Author : AGA Admin
The Reserve Bank of India (RBI) is India’s central banking institution, which controls the monetary policy of the Indian rupee. 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.
