The Indian central bank which was established in 1935 in Calcutta and permanently moved to Mumbai in 1937. It was originally a privately owned bank but was nationalized in 1949 and is now fully owned by the Indian government. The bank is governed by a central board of directors appointed by the government for a period of four years. It acts as the monetary authority, the regulator and supervisor of the financial system, the manager of foreign exchange, and the issuer of currency. Its other functions include banking for central and state governments and for all scheduled banks, as well as a range of functions to support Indian national development objectives.

http://www.rbi.org.in The official website of the RBI.