Question

what was reserve bank of india nationalized??

Answer 1

Reserve Bank of India was nationalized with the effect from 1st January 1949, on the basis of Reserve Bank of India act 1948

Answer 2

The Reserve Bank of India was nationalised with effect from 1st January, 1949 on the basis of the Reserve Bank of India (Transfer to Public Ownership) Act, 1948. All shares in the capital of the Bank were deemed transferred to the Central Government on payment of a suitable compensation. The image is a newspaper clipping giving the views of Governor CD Deshmukh, prior to nationalisation. I HOPE IT HELPFUL FOR YOU. PLEASE MAKE MY ANSWER BRAINLIEST .