2024 - 90 Years of Reserve Bank of India | Commemorative Coin

The 7th commemorative coin of 2024 was released to celebrate the 90 Years of Reserve Bank of India.

The Reserve Bank of India (RBI), celebrating 90 years of its establishment, stands as the cornerstone of India’s financial system and economic stability. Founded on April 1, 1935, during the British colonial period under the Reserve Bank of India Act, the central bank was initially set up to regulate currency issuance, manage credit and maintain financial order in the country. Over nine decades, the RBI has evolved into a multifaceted institution, playing a critical role in monetary policy, banking regulation, currency management, financial inclusion, and economic growth.

Headquartered in Mumbai, the RBI functions as the regulator and supervisor of the Indian banking and financial sector, ensuring the stability, soundness, and integrity of the system. It manages the nation’s currency and foreign exchange reserves, formulates and implements monetary policy to maintain price stability, and acts as the lender of last resort to banks during times of financial stress. The RBI has also pioneered reforms in the banking sector, strengthening regulatory frameworks and introducing measures to enhance transparency, accountability, and customer protection.

Over its 90-year journey, the RBI has been instrumental in shaping India’s economic landscape. It has facilitated the growth of financial markets, promoted the development of credit institutions, and supported government policies aimed at socio-economic development. The central bank has been a key driver of financial inclusion, launching initiatives to expand banking services to rural and underserved areas and promoting digital payments, mobile banking, and modern financial infrastructure.

The RBI has also played a crucial role during times of economic challenges, including financial crises, inflationary pressures, and global economic shocks. Its ability to adapt policies and frameworks in response to evolving domestic and international conditions has reinforced its credibility as a central institution. Additionally, the RBI has contributed to research, knowledge dissemination, and capacity building in the financial sector, strengthening India’s position in global finance.

Marking its 90th anniversary, the Reserve Bank of India is recognized not only as a regulator and guardian of monetary stability but also as a visionary institution that has guided India through decades of economic transformation. Its legacy reflects a blend of prudence, innovation, and commitment to public welfare, serving as a foundation for India’s continuing journey towards inclusive growth, financial resilience, and global economic prominence.

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