RBI turns 90: Interesting facts about India's central bank

Establishment: The Reserve Bank of India (RBI) was established on 1 April, 1935, under the Reserve Bank of India Act

[{"selector":"#anim-12d55fd6-4677-413d-9660-0351a6978fc0 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-50.96153858468171%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}]

Central Bank: It serves as India's central bank and regulates the country's monetary policy and currency issuance

Headquarters: The RBI's headquarters are located in Mumbai, Maharashtra, India

Governor: The RBI is headed by a Governor who oversees its operations and policymaking. Currently, Shaktikanta Das holds the position of the RBI Governor, since 2018

Monetary Authority: The RBI has the authority to issue currency and regulate the nation's banking system

Economic Stability: The RBI plays a crucial role in maintaining price stability and promoting economic growth

Financial Supervision: It supervises and regulates banks and financial institutions to ensure their soundness and stability

[{"selector":"#anim-f196a136-1cbc-4c56-98ab-53770af00fba [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(66.23905784202479%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}]

Currency Management: The RBI manages the production, distribution, and withdrawal of currency notes and coins

Reserves Management: It manages India's foreign exchange reserves to safeguard the country's financial stability

[{"selector":"#anim-a59aad2f-eefc-428b-a589-86a04d1cdd15 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(52.15914337813609%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}]

Evolution: Over its 90-year history, the RBI has evolved to adapt to changing economic and financial landscapes

9 nutrient-packed seeds for optimal health

[{"selector":"#anim-08d75e6e-4d96-44a1-9bac-3a7e87c4d55e [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(7.718749743439014%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] Learn more