The Reserve Bank Of India | Important Bodies Of India | Constitutional Bodies And Statutory Bodies

Important Bodies | Constitutional and Statutory Bodies Of India

Reserve Bank Of India

• Formed : 1 April 1935
• Nationalised : 1949
• First Headquarter : Kolkata
• Moved Headquarter to Mumbai : 1937
• Present Governor : Shaktikant Das

➤In 1926, the Hilton Young Commission recommended the setting up of the Reserve Bank of India.

➤It is a statutory body established in the year 1935 under the Reserve Bank of India Act, 1934.

➤First Governor of the RBI was Sir Osborne Smith from 1935 to 1937.

➤First Indian Governor of the RBI was Sir C.D. Deshmukh from 1943 to 1949.