Facts On Reserve Bank Of India - FaqLabs

Sunday, 24 September 2017

Facts On Reserve Bank Of India

reserve bank of india facts www.faqlabs.com
1. Reserve Bank of India controls the monetary policy of India rupee, it is the central banking organization in India.

2. Reserve bank of India started its operation on 1st April 1935 even before India got its freedom during the British rule in India.

3. Initial before independence the Reserve Bank Of India was privately owned and later after independence it was nationalised.

4. Urijit patel is the current governor of Reserve Bank Of India. He was appointed as the governor on 4th September 2016 and took over from Raghuran Rajan.

5. Reserve bank of India is headquartered in Mumbai

6. Reserve Bank Of India logo has a lion in the central and coconut tree behind the lion. This seems to be inspired from the east India company double mohurs logo

7. The financial year at Reserve Bank Of India is from July 1 to 30th June.

8. Reserve Bank Of India is responsible for printing the currency notes however coins are not produced by Reserve Bank Of India.

9. K. J. Udeshi is the first women to become the deputy governor at Reserve Bank Of India.

10.Reserve Bank Of India had demonetized the currency note of 10000 and 5000 in 1938

11. Dr Manmohan Singh is the only prime minister of India who has also served as Reserve Bank Of India governor. He was governor of Reserve Bank Of India from 1982 till 1985.

12. C.D. Deshmukh was the first Indian to head the Reserve Bank Of India he was at the office from 1943 till 1949.

13. A typical term of a governor at Reserve Bank Of India is of 3 years.

14. Osborne Smith a British banker was the first Governor of Reserve Bank Of India he remained in office till 1937.

15. There have been 24 governors of Reserve Bank Of India till now. Urijit patel is the 24th Governor of Reserve Bank Of India.

16. Reserve Bank Of India Governor is appointed by Government of India.

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