Asked by: Rahul Saha on Feb 1, 2019.
Priya said: (Sat, Feb 2, 2019 12:55:54 PM IST)
It is the central banking institution of India that controls the monetary policy of the Indian rupee as well as the nation's currency reserves. It was established in April 1935 with a share capital of Rs. 5 crores and was nationalized in the year 1949.
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