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1949

After the Partition of India in 1947, the Bank served as the central bank for Pakistan until June 1948 when the State Bank of Pakistan commenced operations. Though originally set up as a shareholders' bank, the RBI has been fully owned by the Government of India since its nationalization in 1949.

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βˆ™ 11y ago
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βˆ™ 13y ago

1948

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Q: When was the reserve bank of India taken over by the government?
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