What is Reserve Bank of India? Reserve Bank of India Review, Features

The Reserve Bank of India is the central bank of India. It was established on April 1, 1935 in accordance with the Reserve Bank of India Act, 1934. Its headquarters has been located in Mumbai since its establishment.

About Reserve Bank of India

The Reserve Bank of India was established on April 1, 1935 under the provisions of the Reserve Bank of India Act, 1934.

The Reserve Bank's central office was initially located in Calcutta but was permanently moved to Bombay in 1937. The central office is where the governor works and policy is made.

Although originally privately owned, the Reserve Bank has been fully owned by the Government of India since its nationalization in 1949.

Objectives of Reserve Bank of India

Strengthen monetary and financial stability to promote economic development and form an efficient and inclusive financial system.

Values

All public interests come first;

Respond promptly and pursue innovation;

Diverse forms, embracing all;

Self-reflection and pursuit of excellence.

mission

As the Reserve Bank of India, we pursue credible, transparent and proactive policies in the interests of the public.