Reserve Bank of India/ Important Facts about RBI Reserve Bank of India/ Important Points about RBI Reserve Bank of India
-
Reserve Bank of India (RBI) is the Central Bank Of India.
- There is only 1
central Bank in India.
- Reserve Bank of
India established on 1 April 1935 in accordance with provision of RBI Act 1934.
- Reserve Bank of
India (RBI) established on the recommendation of
Hilton-Young Commission.
- Initially RBI was
constructed as a Private share holders’ bank.
- RBI is a statutory
body.
- Emblem of RBI:
Panther and Palm Tree.
- Initially the
headquarter of RBI was in Calcutta but in 1937 it was permanently moved to Mumbai.
- The Reserve Bank of
India has 4 regional offices,15 branches and 5 sub-Offices.
- RBI can issue
currency notes as much as the country requires, provided it has to make a security deposit
