| 1926 |
Royal Commission on Indian Currency
(Hilton Young Commission) recommends the establishment of a central
bank to be called the
'Reserve Bank of India'. |
|
1931 |
Indian Central Banking
Enquiry Committee revives the issue of the establishment of the
Reserve Bank of India as the Central Bank for India. |
| 5 March 1934 |
Reserve Bank of India Act, 1934, (II of
1934) constitutes the statutory basis on which the Bank is
established. |