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The Reserve Bank of India usually people say that (RBI) is a central banking institution of government of India which is provide financial services and control the all banking institutions in India. The Reserve Bank of India founded on 1 April I the year of1935 through the Reserve Bank of India Act, 1934 which is operating under the government of India. The Reserve Bank of India was nationalized on 1 January 1949 that plays an important part for the development of government of India.
The Reserve Bank of India is a leading bank which is has been had 21 Central Board of Directors, the Governor, 4 Deputy Governors, 2 Finance Ministry representatives, 10 government-nominated directors to represent important elements from India’s economy and 4 directors to represent local boards. The primary accountability of Reserve Bank of India is the jurisdiction in financial policy of the Indian money or rupees. Reserve Bank of India head offices are to be found at Mumbai, Kolkata, Chennai and New Delhi and its Central Office was relocated from Calcutta to Mumbai permanently in the year of 1937.
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