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What is the full form of RBI?

RBI Full Form

The full form of RBI is Reserve Bank of India. The Reserve Bank of India (RBI) is India’s central bank, which controls the issuance and supply of the Indian rupee (INR). RBI is the regulator of entire Banking in India. RBI plays an important part in the Development Strategy of the Government of India.

RBI Full Form

It was established on 1st April 1935 under the Reserve Bank of India Act 1934 on the recommendations of John Hilton Young Commission 1926 – called Royal Commission on Indian Currency and Finance. India’s economist Babasaheb Ambedkar played an important role in the establishment of the Reserve Bank of India, RBI was formed on the basis of the guidelines or directive principles provided by him.

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