Reserve Bank of India

About Reserve Bank of India

The Reserve Bank of India (RBI) is the central bank of India, and was established on April 1, 1935 in accordance with the provisions of the Reserve Bank of India Act, 1934. Since its inception, it has been headquartered in Mumbai. Though originally privately owned, RBI has been fully owned by the Government of India since nationalization in 1949.

RBI is governed by a central board (headed by a Governor) appointed by the Central Government. The current governor of RBI is Dr.Y.Venugopal Reddy (who succeeded Dr. Bimal Jalan on September 6, 2003). RBI has 22 regional offices across India.

The Reserve Bank of India was set up on the recommendations of the Hilton Young Commission. The commission submitted its report in the year 1926, though the bank was not set up for nine years.

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Explore Article Home @The Hindu (Jan 25 2010)

...an Ramakrishnan is among the six Padma Vibhushan awardees this Republic Day. File photo The former Reserve Bank of India Governor, Y.V. Reddy; Nobel laureate Venkatraman Ramakrishnan; founder of Apollo Hospital group Pra... (Read Full Article)

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Explore Article India News (Dec 19 2008)

... belly burns stronger than in many people half his age. The economics post-graduate worked with the Reserve Bank of India and several private and public sector companies before retiring in 1997. His first love, however, r... (Read Full Article)

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