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Reserve Bank of India

Banks established in 1935Central banksFinancial regulatory authorities of IndiaFinancial services companies based in MumbaiIndian companies established in 1935
Organisations based in MumbaiRecipients of the Rashtriya Khel Protsahan PuruskarReserve Bank of India
Seal of the Reserve Bank of India
Seal of the Reserve Bank of India

The 'Reserve Bank of India', abbreviated as RBI, is India's central bank and regulatory body responsible for regulation of the Indian banking system. Owned by the Ministry of Finance, Government of India, it is responsible for the control, issue and maintaining supply of the Indian rupee. It also manages the country's main payment systems and works to promote its economic development. Bharatiya Reserve Bank Note Mudran (BRBNM) is a specialised division of RBI through which it prints and mints Indian currency notes (INR) in two of its currency printing presses located in Mysore (Karnataka; Southern India) and Salboni (West Bengal; Eastern India). The RBI, along with the Indian Banks' Association, established the National Payments Corporation of India to promote and regulate the payment and settlement systems in India. Deposit Insurance and Credit Guarantee Corporation was established by RBI as one of its specialized division for the purpose of providing insurance of deposits and guaranteeing of credit facilities to all Indian banks. Until the Monetary Policy Committee was established in 2016, it also had full control over monetary policy in the country. It commenced its operations on 1 April 1935 in accordance with the Reserve Bank of India Act, 1934. The original share capital was divided into shares of 100 each fully paid. The RBI was nationalised on 1 January 1949, almost a year and a half after India's independence.The overall direction of the RBI lies with the 21-member central board of directors, composed of: the governor; four deputy governors; two finance ministry representatives (usually the Economic Affairs Secretary and the Financial Services Secretary); ten government-nominated directors; and four directors who represent local boards for Mumbai, Kolkata, Chennai, and Delhi. Each of these local boards consists of five members who represent regional interests and the interests of co-operative and indigenous banks. It is a member bank of the Asian Clearing Union. The bank is also active in promoting financial inclusion policy and is a leading member of the Alliance for Financial Inclusion (AFI). The bank is often referred to by the name 'Mint Street'.

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Reserve Bank of India
Shahid Bhagat Singh Marg, Mumbai Zone 1 (Mumbai)

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N 18.93324 ° E 72.83646 °
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Shahid Bhagat Singh Marg

Shahid Bhagat Singh Marg
400038 Mumbai, Zone 1 (Mumbai)
Maharashtra, India
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Seal of the Reserve Bank of India
Seal of the Reserve Bank of India
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Bombay Castle
Bombay Castle

Bombay Castle (also Casa da Orta) is one of the oldest defensive structures built in the city of Mumbai (formerly Bombay). The current castle is a structure built by the British on the site of the Manor House built by a Portuguese nobleman Garcia de Orta. Orta had leased the island of Bombay from the King of Portugal between 1554 and 1570. The castle was built of local blue Kurla stone and red laterite stone from the Konkan region to the south. The islands came under the hands of the English in 1665, and the East India Company took possession of the castle in 1668. Over the next ten years, they built a defensive structure around the manor. Between 1716 and 1723, a wall was built around the developing town. Although the wall was demolished in 1865 after the city grew rapidly, fragments still exist in some areas. Few records of the original Portuguese castle remain and historians are trying to piece together the original location of the manor. Two gates of the manor are located within INS Angre, a naval station in South Mumbai. A sundial thought to date back to the Portuguese era is also present. This sundial does not mark out the 12 hours of a day, but rather marks out certain periods that the people of the time deemed important. The main building within the castle was the Governor's House, in which Gerald Aungier, the second Governor of Bombay used to stay. The residence was later moved to Parel and then to Malabar Hill over the next two centuries. The current building houses the offices of the Flag Officer Commanding-in-Chief Western Naval Command.

St. Thomas Cathedral, Mumbai
St. Thomas Cathedral, Mumbai

St. Thomas Cathedral, Mumbai, is the 300-year old cathedral church of the Diocese of Mumbai of the Church of North India. It is named in honour of Saint Thomas the Apostle, who is believed to have first brought Christianity to India. The cathedral is located in Horniman Circle, the historic centre of Mumbai. It is in close proximity to famous Mumbai landmarks such as Flora Fountain and Bombay House. It is the oldest church in Mumbai The Cathedral and John Connon School is run by the cathedral. The foundation stone of the church was first laid in 1676, although the church was only finally consecrated for divine service 1718. It is the first Anglican church in Mumbai (then called Bombay), within the walls of the fortified British settlement. The cathedral is a landmark in South Mumbai and is one of the oldest churches in India. The Cathedral and John Connon School was created in 1860, in order to provide choristers to the church. It is used by the school for its Founder's Day Service on 14 November every year, Carol Service on the last day before the school's Christmas vacation and other special occasions. The Churchgate railway station derives its name from the St. Thomas Cathedral, as the station was linked to the cathedral by a road leading through one of the three gates of the fortified island city of Mumbai. The walls of the Bombay Fort were demolished in 1862 and the gate leading to the church was replaced by the Flora Fountain in 1864.