PM Modi Unveils Commemorative Coin for RBI's 90th Anniversary

Indian Prime Minister Narendra Modi commemorated the 90th anniversary of the Reserve Bank of India (RBI) in Mumbai on April 1, 2024, by unveiling a commemorative coin. The ceremony, attended by RBI Governor Shaktikanta Das, Maharashtra Governor Ramesh Bais, and Chief Minister Eknath Shinde, celebrated the RBI's significant role in the Indian financial system.

Prime Minister Modi Unveils Commemorative Coin to Mark Reserve Bank of India's 90th Anniversary

Mumbai, India - Prime Minister Narendra Modi presided over a commemorative ceremony on Monday, April 1, 2024, to mark the 90th anniversary of the establishment of the Reserve Bank of India (RBI), the country's central banking institution.

During the ceremony held at the RBI's headquarters in Mumbai, Prime Minister Modi released a specially designed commemorative coin to commemorate the milestone anniversary. The coin features the RBI's emblem and the year of its establishment, 1935.

"The Reserve Bank of India has played a pivotal role in shaping and regulating our nation's financial system," Prime Minister Modi remarked. "This commemorative coin serves as a testament to the bank's unwavering commitment to safeguarding the financial stability and prosperity of India."

Also present at the ceremony were RBI Governor Shaktikanta Das, Maharashtra Governor Ramesh Bais, Chief Minister Eknath Shinde, and Union Finance Minister Nirmala Sitharaman.

In his address, RBI Governor Das highlighted the institution's significant contributions over the past nine decades. "The Reserve Bank of India has steadfastly guided India's monetary policy, ensured financial stability, and promoted the growth of the financial sector," he said.

The ceremony commenced with a welcome address by Governor Das, followed by remarks from Chief Minister Shinde and Finance Minister Sitharaman. Prime Minister Modi then unveiled the commemorative coin and delivered his address.

The ceremony concluded with a presentation of a memento to Prime Minister Modi by Governor Das as a token of appreciation for his support to the Reserve Bank of India.

The 90th anniversary of the RBI marks a significant milestone in India's economic history. The bank has played a crucial role in managing the nation's monetary and fiscal policies, regulating the banking sector, and promoting economic growth.

The commemorative coin released by Prime Minister Modi will stand as a lasting symbol of the RBI's unwavering commitment to safeguarding the financial well-being of India and its citizens.