31 FACTS ABOUT RESERVE BANK OF INDIA
Dear Reader, You already know Reserve Bank of India is the pillar of surging (growing) Indian economy.
Below are the facts which every Indian (not just candidates) must know.
1. RBI is the central banking institution, which controls the monetary policy of the Indian rupee.
2. RBI was established on 1 April 1935, under the Reserve Bank of India Act, 1934.
3. RBI was conceptualized based on the guidelines presented by Dr. Ambedkar in his book titled “The Problem of the Rupee – Its origin and its solution”.
4. RBI was set up based on the recommendation of “Royal Commission on Indian Currency & Finance” in 1926. This commission was also known as Hilton Young Commission .
5. RBI was nationalised on 1 January 1949.
6. The emblem of RBI is Panther and Palm tree.

7. RBI’s logo was derived from East India Company Double Mohur.