Question:
Where is the headquarters of Reserve Bank of India ?
Where is the headquarters of Reserve Bank of India ?
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Mumbai is known as the financial capital of India. It makes sense that the headquarters of the country's central bank, the RBI, is located there. Associate RBI with Mumbai for quick recall.
Updated On: Oct 7, 2025
- New Delhi
- Mumbai
- Kolkata
- Chennai.
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The Correct Option is B
Solution and Explanation
Step 1: Understanding the Concept:
The Reserve Bank of India (RBI) is India's central bank and regulatory body responsible for the regulation of the Indian banking system. Its headquarters, also known as the Central Office, is where the Governor sits and where policies are formulated.
Step 2: Detailed Explanation:
The Reserve Bank of India was established on April 1, 1935. Its Central Office was initially established in Calcutta (now Kolkata). However, it was permanently moved to Bombay (now Mumbai) in 1937.
Therefore, the current headquarters of the RBI is in Mumbai, Maharashtra.
Step 3: Final Answer:
The headquarters of the Reserve Bank of India is located in Mumbai. The correct option is (B).
The Reserve Bank of India (RBI) is India's central bank and regulatory body responsible for the regulation of the Indian banking system. Its headquarters, also known as the Central Office, is where the Governor sits and where policies are formulated.
Step 2: Detailed Explanation:
The Reserve Bank of India was established on April 1, 1935. Its Central Office was initially established in Calcutta (now Kolkata). However, it was permanently moved to Bombay (now Mumbai) in 1937.
Therefore, the current headquarters of the RBI is in Mumbai, Maharashtra.
Step 3: Final Answer:
The headquarters of the Reserve Bank of India is located in Mumbai. The correct option is (B).
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