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90th Anniversary of RBI
April 4 , 2025
19 hrs 0 min
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- The Reserve Bank of India's 90th anniversary commemorative coin unveiled the at the event held in Mumbai.
- The Reserve Bank of India was set up under the RBI Act-1934 and commenced its operations on April 1, 1935 as a privately owned institution.
- It was nationalized in 1949 through Reserve Bank (Transfer to Public Ownership) Act -1948.
- The first Governor of RBI was Sir Osborne Smith.
- Sir C.D. Deshmukh was the first Indian Governor.
- RBI is responsible for issuing and managing Indian currency notes except Re.1 notes and coins.
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