Reserve Bank of India is the Central Bank of India established on April 1, 1935 in accordance with the provisions of the Reserve Bank of India Act, 1934.
Governance
It is governed by a central board of directors appointed by the Government of India according to the Reserve Bank of India Act. The Governor and four Deputy Governors are appointed for a period of four years.
Non-Official Directors include ten directors appointed from various fields and four other directors, one each from four local boards.
Main Functions
Monetary Authority: It formulates, implements, and monitors the monetary policy.
