Facts of RBI

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• Also called "Central Bank of India"
• Established on April 1st, 1935.
• RBI Act introduced in 1934.
• Controls all Economic Activities in India.
• J.M. Keens plans for establishment of RBI.
• Hilton Young Committee report is the base for establishment of RBI
• Head Quarter - Mumbai
• Initially started with 5 Crores
• Nationalised on Jan 1st, 1949
• First Governor - Sir O.S Borne Archel Smith
• First Indian Governor - C.D. Deshmukh
• First Women Deputy Governor - K.J. Udeshi
• RBI prints currency in 15 Languages
• Governor Tenure - 3 years
• It is not controlling Jammu & Kashmir state monitory system
• RBI Emblem - Pipal tree and Tiger
• Parliamentary Bhavan prints currency in Rs.50/- and 50 paise.
• Regional Offices - 19

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