When was the RBI established?
Q. On which date was the Reserve Bank of India established?- Published on 07 Feb 17a. April 1, 1935
b. July 12, 1982
c. May 26, 2006
d. September 30, 2005
ANSWER: April 1, 1935
On April 1, 1935, the Reserve Bank of India, which is the central bank of this country, was established.
It was originally started as a shareholders' bank with a share capital of Rs. 5 crore divided into shares of Rs. 100 each, fully paid-up.
But since January, 1949 the Reserve Bank has been nationalized and it is now purely a concern of the State.
The Government of India holds the entire share capital of the bank which has been acquired by payment of compensation to the shareholders.
RBI - Reserve Bank of India
Founded - 1 April, 1935; 81 years ago
Headquarters - Mumbai, India
Current Governor - Urjit Patel (September 2016 - Present)
