"Sanjay Malhotra appointed as the 26th Governor of RBI 🇮🇳

👉 Key Highlights of RBI:
• India's 'Central Bank'
• Established: 1 April 1935 (under RBI Act, 1934)
• Headquarters: Initially Kolkata (till 1937), now Mumbai
• Functions:
- Regulating banking systems and monetary policy
- Ensuring monetary stability
- Promoting economic growth
- Managing the currency and credit system
- Overseeing foreign exchange management
• RBI was nationalized on 1 January 1949

✨ Current Governor: Sanjay Malhotra (26th)

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