RBI (The Reserve Bank of India was established on April 1, 1935)

The Reserve Bank of India was established[14] following the Reserve Bank of India Act of 1934.Though privately owned initially, it was nationalised in 1949 and since then fully owned by the Ministry of Finance , Government of India (GoI).
In 1926, the Hilton Young Commission recommended the setting up of the Reserve Bank of India.
1935 TO 1949
At the time of establishment, the authorized capital of the Reserve Bank of India was ?5 crores. The government's share in this was only ?20-22 lakhs. The Reserve Bank of India was founded on 1 April 1935 to respond to economic troubles after the First World War. The bank was set up based on the recommendations of the 1926 Royal Commission on Indian Currency and Finance, also known as the Hilton Young Commission. Eventually, the Central Legislative Assembly passed these guidelines as the RBI Act 1934. The original choice for the seal of RBI was the East India Company Double Mohur, with the sketch of the Lion and Palm Tree. However, it was decided to replace the lion with the tiger, the national animal of India. The Preamble of the RBI describes its basic functions to regulate the issue of banknotes, keep reserves to secure monetary stability in India, and generally to operate the currency and credit system in the best interests of the country. The Central Office of the RBI was established in Calcutta (now Kolkata) but was moved to Bombay (now Mumbai) in 1937. The RBI also acted as Burma's (now Myanmar) central bank until April 1947 (except during the years of Japanese occupation (1942–45)), even though Burma seceded from the Indian Union in 1937. After the Partition of India in August 1947, the bank served as the central bank for Pakistan until June 1948 when the State Bank of Pakistan commenced operations. Though set up as a shareholders' bank, the RBI has been fully owned by the Government of India since its nationalisation in 1949. RBI has a monopoly of note issue


The Examination will consist of three Descriptive Type papers –
(i) Paper I –                  English
(ii) Paper II –                Economic and Social Issues and
(iii) Paper III –              Finance and Management. Each of these papers is of 3 hours duration carrying 100 marks.


RBI Grade B
The RBI Grade-B exam will be commenced in two phases
The RBI Grade-B Phase-I and Phase II
Candidates who possess a Bachelor's or a master's degree or equivalent from a recognized University are eligible to apply for the Post of RBI Grade B job.

Exam Name
Prelims Exam Date          
6th Mar. 2021
Main Exam Date
31st Mar. 2021

Phase I: Objective Written Examination
Phase II: Online Written Examination ( Objective & Subjective )
Phase III: Interview

Grade ‘B’(DR)- General
Grade ‘B’(DR)- DEPR
Grade ‘B’(DR)- DSIM