RBI was started in the month of April in the year 1935 and it was a big thing for the country. Established under the Reserve Bank of India Act, 1934, the central bank has played a pivotal role in shaping the Indian economy. Over the decades, the RBI has been a cornerstone of India's financial stability, catering to the needs of its citizens and the economy at large.

25th Governor Of RBI

A significant development related to the RBI has recently come to light, underscoring its continued relevance and importance in India's financial landscape. Before delving into this, it is important to note that the current Governor of the RBI, Shaktikanta Das, has been at the helm since 2018.

In 2018, he left Urjit Patel and joined the Reserve Bank of India. This was a very good thing for Shaktikanta Das. This marked a crucial transition for the central bank, as Das inherited several pressing challenges and responsibilities. Known for his extensive experience in economic policy and administration, Das has since steered the RBI through significant reforms and crises, including navigating the economic impacts of the COVID-19 pandemic.

Shaktikanta Das Leadership 

Under his leadership, the RBI has continued its focus on maintaining price stability, ensuring adequate credit flow, and fostering a robust financial system. The central bank's initiatives in digital payments, financial inclusion, and banking sector reforms are a testament to its unwavering commitment to India's economic progress.

As the RBI evolves to meet the demands of a dynamic economy, its role as the custodian of India's financial system remains indispensable, ensuring growth, stability, and trust for generations to come.

Author Opinion 

RBI was started in Kolkata in 1935. Since 1935, this bank has been fulfilling the needs of its customers. Shaktikanta Das has been fulfilling his responsibilities ever since he joined the Reserve Bank of India.