Click To Know About Reserve Bank of India
Reserve Bank of India •The Reserve Bank of India was established in 1935 under the provisions of the Reserve Bank of India Act, 1934. It was located earlier in Calcutta but later moved to Bombay. •Though originally privately owned, RBI was nationalized in 1949 Organization and Management: •The Reserve Bank is headed by a Central Board of Directors. •The board is appointed by the Government of India for a period of four years, under the Reserve Bank of India Act. •The board comprises of a Governor and not more than four Deputy Governors. •The current Governor of RBI is Mr. Shaktikanta Das. •Ten directors amongst whom two are government officials and others are distinguished personalities in their respective fields are nominated by Government. •There are four more directors who are from four local boards respecti...