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In which year was Reserve Bank of India Nationalised ?

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In which year was Reserve Bank of India Nationalised ?
posted May 23, 2017 by Sanjay Mahatma

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2 Answers

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In year 1949 Reserve Bank of India was Nationalised.

answer May 25, 2017 by Raju Raj
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1935
The Reserve Bank of India was founded on 1 April 1935 to respond to economic troubles after the First World War. The Reserve Bank of India was conceptualized based on the guidelines presented by the Central Legislative Assembly which passed these guidelines as the RBI Act 1934.
Though privately owned initially, it was nationalised in 1949 and since then fully owned by Government of India.

answer Oct 26, 2018 by Salil Agrawal
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