What was the old name of RBI?

The name has always been Reserve Bank of India. It was established through the Reserve Bank of India (RBI) Act, 1934. It took over functions which were performed by Imperial Bank of India. You can read about the RBI – Know More About Reserve Bank of India in the given link.

Further readings:

  1. Bad Banks – Idea Proposed Due to COVID-19
  2. Indian Economy Notes For UPSC

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