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.
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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 ...