Question

RBI was appointed as which bank in 1949

• A. State Bank of India
• B. Punjab National Bank
• C. Central Bank of India
• D. Union Bank of India

Answer 1

Answer:

C. Central Bank of India

Introduction:

• RBI was nationalized on 1949, January 1
• RBI was appointed as the central bank of India in 1949.
• Banking Regulation Act was passed in 1949.
• On 1st July, 1955 SBI was nationalized and Imperial Bank takes the name as SBI
• Founder chairman of SBI - John Matthai

• The RBI Governor during this period was - CD Deshmukh
• Governor from 1943 to July 1949
• Third Governor of RBI
• First Indian to become an RBI Governor
• He along with RK Shanmugam Chetty, participated in the 1944 Brettonwood Conference
• RBI Governor when India became independent
• He was the first person to become Union Finance Minister after becoming RBI Governor