IMPORTANT POINTS ABOUT RBI

• Name of central bank of India : Reserve Bank Of India
• RBI Act passed in1934.
• RBI established on 1st April 1935.
• RBI established on the recommendation of Hilton Young Commision.
•  Hilton Young Commision passed its report in 1926.
• Initially RBI constructed as as private shareholder bank with the fully paid up capital of Rs 5 crores.