Quick Facts-RBI

  • RBI established on 1st April, 1935 under RBI Act 1934.

  • RBI was nationalised in 1949 under the Banking Regulation Act 1949.

  • First Governor of Reserve Bank of India (RBI) – Osborne Smith

  • First Deputy Governor of Reserve Bank of India (RBI) – James B. Taylor

  • Present Governor of RBI – Shaktikanta Das

  • RBI Established on the recommendations of – Hilton Young Commission.

  • Headquarter – It is located in Mumbai.

  • Zonal offices of RBI Located at – 4 Places, Namely Chennai, Kolkata, Mumbai & Delhi

  • The central office was initially located at – Calcutta.

  • Currently, the Central office is located in – Mumbai, it was permanently moved in 1937.

  • Dr. Manmohan Singh is the only person who has been Governor of RBI, Finance Minister and PM of India.

  • RBI has 31 branches in India. Mostly all are in Capital cities, exceptions are the Nagpur Reserve Bank branch which is actually a Second capital of Maharashtra and the Ahmedabad Reserve Bank branch. 
  • Bharatiya Reserve Bank Note Mudran (BRBNM) is a specialized division of RBI through which it prints and mints Indian currency notes (INR).

  • The RBI established the NPCI (National Payments Corporation of India) as one of its specialized divisions to regulate the payment and settlement systems in India.

  • National Payments Corporation of India was established RBI in Dec 2008 for the purpose of management of the payment and settlement systems in India.

  • Shaktikanta Das inaugurated the Reserve Bank Innovation Hub (RBIH) on 24 March 2022 in Bengaluru as Section-8 company under Companies Act, 2013, with an initial investment of ₹100 crore to encourage and nurture financial innovation in a sustainable manner through an institutional set-up.