Reserve Bank of India

Headquarters  – Kolkata > 1937 > Mumbai. Establishment : 1934 (RBI Act, 1934) Private shareholders >> 1949 (Nationalisation) >> Government of India. Although it was a private bank it had two extra functions— 1) Regulation and control of the banks in India and 2) being the banker of the government. Banking Regulation Act 1949 gave …

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