Reserve Bank of India

The Reserve Bank of India (Reserve Bank of India; abbreviation: RBI) is the current central bank of India, established on April 1, 1935, initially privately owned and then government-owned in 1949, with its headquarters in Mumbai.The main responsibilities of the RBI are to formulate, implement, and monitor monetary policy; to manage and supervise the operations of the banking and financial system; to regulate and manage foreign exchange; and to issue and manage currency. issuance, etc.