The Reserve Bank of India (RBI) is India's central banking institution, which controls the monetary policy of the Indian rupee. It was established on 1 April 1935 during the British Raj in accordance with the provisions of the Reserve Bank of India Act, 1934. The share capital was divided into shares of ₹100 each fully paid, which was entirely owned by private shareholders in the beginning. Following India's independence in 1947, the RBI was nationalised in the year 1949.
All stories in Reserve Bank of India
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$1.2M seized from Bitcoin Ponzi stuck in frozen Indian bank account
India's central bank has denied locking the account, despite a senior police inspector confirming funds converted from Bitcoin ...
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Indian government ban on 'non-sovereign' cryptocurrency would see holders jailed for up to 10 years
A government panel in India has issued a recommendation to ban all "cryptocurrencies created by non-sovereigns," a step which ...
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Ripple partners with Federal Bank in India for cross-border payments
Private bank, Federal Bank Ltd. in India has partnered with blockchain infrastructure provider, Ripple, to facilitate international ...
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India’s cryptocurrency ban has already taken its first toll
It seems that Indian Supreme Court's decision to uphold the central bank's directive against cryptocurrency businesses is ...
