Question

Why was reserve bank of india was established?

Answer 1

Hey !
Here is your answer !
The Reserve Bank of India was founded on 1 April 1935 to respond to economic troubles after the First World War. ... The Central Office of the RBI was established in Calcutta (now Kolkata) but was moved to Bombay (now Mumbai) in 1937.

Answer 2

Hello mate,here is your answer!

The Reserve Bank of India was founded on 1 April 1935 to respond to economic troubles after the First World War. The Reserve Bank of India was conceptualized based on the guidelines presented by the Central Legislative Assembly which passed these guidelines as the RBI Act 1934.

Hope it helps you.