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Brief History
Chronology of Events
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Chronology of Events
The Beginnings - 1926 to 1935
Date
Event
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.
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