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	Reserve Bank of India Type: Government

The Reserve Bank is the central banking institution of India. It was originally constituted as a share holder's bank and started functioning as the Central Bank of India from 1st April 1935. In fact, the need of a Central Bank was felt long back and as early as in 1733, Mr. Warren Hastings recommended the establishment of a general bank in Bengal and Bihar which was of the nature of a Central Bank.

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