Dear Redaers, we are presenting Banking Notes- Reserve Bank Of India. It will help you in Banking section of exams.
Establishment
The Reserve Bank of India was established on
April 1, 1935 in accordance with the
provisions of the Reserve Bank of India Act, 1934.
provisions of the Reserve Bank of India Act, 1934.
The Central Office
of the Reserve Bank was initially established in Calcutta but was permanently
moved to Mumbai in 1937. The Central Office is where the Governor sits and where
policies are formulated.
Though originally
privately owned, since nationalisation in 1949, the Reserve Bank is fully owned
by the Government of India.