In which year Reserve Bank of India was nationalized?

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Anonymous User asked 27-Dec-2017 in Current affair by Anonymous User

In which year Reserve Bank of India was nationalized?

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Anonymous User answered 27-Dec-2017 by Anonymous User

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.


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