RBI

History of Reserve Bank of India In 1921, the Imperial Bank of India was set up to proceed as the national bank of India by the British Government.

17 min read. The Reserve Bank of India (RBI) is India’s central bank, also known as the banker’s bank . The RBI controls the monetary and other banking policies of the Indian government.

Reserve Bank of India is spread over 31 different locations in India. It is headquartered in Mumbai. Most of the RBI offices are located in state capitals. RBI has 19 regional offices and 4 zonal offices.

Though originally privately owned, since nationalisation in 1949, the Reserve Bank is fully owned by the Government of India .