Reserve Bank of India

Central banking institution of India

Reserve Bank of India (Under CC License)

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.

Reserve Bank of India News and Videos   LIVE

ℹī¸ This is a LIVE page which updates automatically as we're monitoring our hand-curated selection of verified and trustworthy media outlets

You might like