Which bank of India will mark its 90th anniversary in 2025?

Correct option is C

The correct answer is (c) Reserve Bank of India

Explanation:

• The Reserve Bank of India (RBI) was established on April 1, 1935, under the Reserve Bank of India Act, 1934.
• In 2025, the RBI celebrated its 90th anniversary, marking nine decades of financial governance, economic stability, and monetary policy.
• The RBI's role has been pivotal in shaping India's financial landscape, including managing currency, regulating monetary policy, and fostering economic growth.
• The anniversary was commemorated with various events, including the release of a special postage stamp by the President of India, Smt. Droupadi Murmu.

Information Booster:

• The RBI was nationalized in 1949, making it fully owned by the Government of India.
• It has played a crucial role in India's economic reforms, including the liberalization of the economy in the 1990s and the introduction of inflation targeting in 2016.
• The RBI has also been instrumental in promoting financial inclusion and digital banking initiatives across the country.

Additional Knowledge:
(a) Indian Bank: Established in 1907, Indian Bank is a public sector bank in India.
(b) Punjab National Bank: Founded in 1894, Punjab National Bank is one of India's oldest and largest public sector banks.
(d) State Bank of India: The State Bank of India traces its origins to the Imperial Bank of India, established in 1921, and became the State Bank of India in 1955.