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• Name of Central Bank of India: Reserve Bank of India (RBI)RBI • Reserve Bank of India Act passed in 1934. • Reserve Bank of India (RBI) established on 1 April 1935. • Reserve Bank of India (RBI) established on the recommendation of Hilton-Young Commission. • Hilton-Young Commission submitted its report in the year 1926. • Initially RBI was constructed as a Private Share holders’ bank with fully paid-up capital of Rs 5 Crores. • RBI was nationalize in the year of 1st January,1949. • RBI is a statutory body. • RBI is the sole authority in India to issue …
• Name of Central Bank of India: Reserve Bank of India (RBI)RBI • Reserve Bank of India Act passed in 1934. • Reserve Bank of India (RBI) established on 1 April 1935. • Reserve Bank of India (RBI) established on the recommendation of Hilton-Young Commission. • Hilton-Young Commission submitted its report in the year 1926. • Initially RBI was constructed as a Private Share holders’ bank with fully paid-up capital of Rs 5 Crores. • RBI was nationalize in the year of 1st January,1949. • RBI is a statutory body. • RBI is the sole authority in India to issue …