Men at RBI’s helm

Men at RBI’s helm
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First Published: Thu, Sep 04 2008. 11 34 PM IST

Updated: Thu, Sep 04 2008. 11 34 PM IST
RBI was established on 1 April 1935 in accordance with the provisions of the Reserve Bank of India Act, 1934.
The central office of RBI was initially established in Calcutta (now known as Kolkata), but was permanently moved to Bombay (now Mumbai) in 1937. The central office is where the governor sits and where policies are formulated.
Though originally privately owned, since nationalization in 1949, RBI is fully owned by the government of India.
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First Published: Thu, Sep 04 2008. 11 34 PM IST