Established on April 1, 1935 in accordance with the provisions of the Reserve Bank of India Act, 1934. Central Office at Mumbai since inception Though originally privately owned, since nationalisation in 1949 fully owned by the Government of India The Preamble prescribes the objective as:"…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."

For more details visit RBI website