RESERVE BANK OF INDIA

• RBI Act passed in the year 1934

• Reserve Bank of  India established on 1 April 1935

• First headquarters of RBI in calcutta 

• In 1937 RBI headquarter was transferred to Mumbai 

• RBI nationalised in the year 1st January 1949

• RBI is the Central bank of India 

• Monitary policy of India controlled by RBI

• First Governor of RBI sir Osborne Smith 

• CD Deshmukh is the first Indian Governor of RBI

• 15th Governor of RBI  Dr Manmohan Singh

• 25th and Present Governor of RBI Sakti Kanta Das

• RBI is the custodian of foreign exchange reserve in india

• Service area approach was introduced by RBI

• Credit control is the function of RBI

• Regional Rural Banks get recommendation from RBI for opening branches

• RBI introduced 14 day intermediate treasury bills and 14 day treasury bills on 1997

• RBI introduced a bill rediscounting scheme in 1970