RBI ASSISTANT

The Reserve Bank of India (RBI) is India’s paramount banking institution, which controls the financial policy of the Indian rupee. RBI began its operations on 1 April 1935 during the British Rule in accordance with the provisions of the Reserve Bank of India Act, 1934. The initial share capital was split into shares of 100 each fully paid and were initially bought entirely by private investors. After the Independence of India on August 15, 1947, the RBI was nationalized on January 1, 1949.The RBI plays an important part in the Development Strategy of the Government of India.