AumsWow | Birthday of "Reserve Bank of India (RBI)".

About Post
Title :
Birthday of Reserve Bank of India.
Objective :
To let the people know about Reserve Bank of India (RBI).
Colour Scheme :
Not Specific.
Focus I :
The currencies released by the apex bank i.e RBI.
Focus II :
The coins released by the apex bank i.e RBI.
Misc. :
RBI was conceptualized as per the guidelines, working style and outlook presented by Dr. B. R. Ambedkar in his book titled “The Problem of the Rupee – Its origin and its solution”.

Significance
Date :
1^st April
Related to :
Birthday of Reserve Bank of India (RBI)
Connect Date :
01 April 1935
Connect Place :
Kolkata (Calcutta), India.
Special 1:
The Reserve Bank of India (RBI) is India's central banking institution, which controls the issuance and supply of the Indian rupee. Following India's independence on 15 August 1947, the RBI was nationalised on 1 January 1949.
Special 2:
he Reserve Bank of India was founded on 1 April 1935 to respond to economic troubles after the First World War. The original choice for the seal of RBI was The East India Company Double Mohur, with the sketch of the Lion and Palm Tree. However, it was decided to replace the lion with the tiger, the national animal of India. The Preamble of the RBI describes its basic functions to regulate the issue of bank notes, keep reserves to secure monetary stability in India, and generally to operate the currency and credit system in the best interests of the country.
More Info :
Its function are ... to regulate the issue of Bank Notes and keeping of reserves with a view to securing monetary stability in India and generally to operate the currency and credit system of the country to its advantage.

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