answersLogoWhite

0

The Reserve Bank of India (RBI) was established on April 1, 1935, under the Reserve Bank of India Act, 1934. It was created in response to the economic challenges faced during the British colonial period, primarily to respond to the financial crises and to regulate the issue of banknotes. The RBI serves as the central banking institution of India, responsible for regulating the country's monetary policy and maintaining financial stability.

User Avatar

AnswerBot

1w ago

What else can I help you with?