Reserve Bank of India

Reserve Bank of India is a central bank of India. R.B.I established on 1/April/1935 with a capital of Rs.5 crore. The R.B.I controls the monetary policy of the Indian rupee. The Central Office of the R.B.I was established in Kolkata, but was moved to Bombay (now Mumbai) in 1937. The inaugural officeholder was the British banker Osborne SmithOsborne Smith was a first Governor of R.B.I (1/April/1935 to 30/June/1937). Continue reading “Reserve Bank of India”

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