• The Reserve Bank of India’s 90th anniversary commemorative coin unveiled the at the event held in Mumbai.
  • The Reserve Bank of India was set up under the RBI Act-1934 and commenced its operations on April 1, 1935 as a privately owned institution.
  • It was nationalized in 1949 through Reserve Bank (Transfer to Public Ownership) Act-1948.
  • The first Governor of RBI was Sir Osborne Smith.
  • Sir C.D. Deshmukh was the first Indian Governor.
  • RBI is responsible for issuing and managing Indian currency notes except Re.1 notes and coins.