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RBI Foundation Day 2026 - April 01
April 4 , 2026
15 hrs 0 min
19
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- It was established in 1935 under the Reserve Bank of India Act, 1934.
- It is the central bank of India and manages inflation, money supply, and banking system.
- Its headquarters shifted from Kolkata to Mumbai in 1937 and it was nationalised in 1949.
- It performs functions like monetary policy, currency issue, and foreign exchange management (Foreign Exchange Management Act – FEMA).
- It introduced E-cheques and MuleHunter.AI for fraud detection.
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