Question

Where is the headquarters of the Reserve Bank of India (RBI) located?

Hint:

Think of India's financial capital, the city that also hosts the Bombay Stock Exchange.

Answer 1

The correct answer is Mumbai.

Every country has one main bank that controls all other banks. In India, that job belongs to the Reserve Bank of India, and its head office sits in Mumbai, the financial capital of the country.

Think of it this way. Just like a school has one principal who oversees all the teachers and classes, the RBI oversees every commercial bank operating in India. It decides how much money banks can lend, sets the repo rate, and prints the currency notes we use every day. Mumbai was chosen because it was already India's biggest trade and banking hub when the RBI began operations in 1935. That is why questions on Indian financial institutions almost always point back to Mumbai as the answer.