Get list of RBI Recruitment 2017 along with other details such as no. of vacancies, types of post, eligibility criteria to apply for RBI Jobs 2017. Reserve Bank of India was established 1st April 1935 to react to economic troubles after the First World War. It is India’s central banking institution, which controls the monetary policy of the Indian rupee. RBI was nationalised on 1st January 1949. It plays an important part in the Development Strategy of the Govt of India. It’s a member of the Asian Clearing Union. The general superintendence and direction of the RBI is delegated with the 21 member Central Board of Directors: 4 Deputy Governors, the Governor, 2 Finance Ministry representatives, 10 government-nominated directors to represent important elements from India’s economy, and 4 directors to stand for local boards having its headquarters located at Kolkata, Mumbai, Chennai and New Delhi. Each of these local boards compromise of 5 members who represent regional interests, and the interests of indigenous and co-operative banks. The bank is active to promote financial inclusion policy and is a foremost member of the Alliance for Financial Inclusion (AFI).