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Reserve Bank of India

Reserve Bank of India
  • Reserve Bank of India (RBI) is the Central Bank of India.
  • It was established in April 1935 under Reserve Bank of India Act, 1934 with authorised capital of 5 crore.
  • It was nationalised on January 1, 1949.
  • It is fully owned by the government of India
  • It is governed by a central board (headed by Governor) appointed by the Central Government.
  • The Management of RBI rests with the Central Board of Directors consisting of 14 Directors besides the one Governer and Four Deputy Governer.
  • The office of Local boards New Delhi, Kolkata, Mumbai, Chennai.
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