In which year Reserve Bank of India was nationalized?

Asked 27-Dec-2017
Viewed 331 times
Ask Question

0

In which year Reserve Bank of India was nationalized?

Anonymous User
asked by Anonymous User in current affair
Answer Add comment

1 Answer

0

Reserve Bank Of India!

In which year Reserve Bank of India was nationalized?

1st January 1949, was the day when the Nationalization of Reserve Bank of India was inaugurated.

Well, that happened due to the act of Transfer to Public Ownership by Reserve Bank of India, 1948 wherein, all the shares were transferred to the name of Central Government by handing over to them a handsome compensation.


Cheers!

Add comment
Anonymous User
answered 27-Dec-2017 by Anonymous User