India's central banking institution, the <a href="https://en.wikipedia.org/wiki/Reserve_Bank_of_India" id="mwlw" rel="mw:WikiLink" title="Reserve Bank of India">Reserve Bank of India</a>, is formed.<sup about="#mwt104" class="mw-ref reference" data-mw='{"name":"ref","attrs":{},"body":{"id":"mw-reference-text-cite_note-17"}}' id="cite_ref-17" rel="dc:references" typeof="mw:Extension/ref"><a href="./April_1#cite_note-17" id="mwmA" style="counter-reset: mw-Ref 17;"><span class="mw-reflink-text" id="mwmQ">[17]</span></a></sup>
<span class="mw-reference-text" id="mw-reference-text-cite_note-17"><cite about="#mwt101" class="citation web cs1" id="mwCCc"><a class="external text" href="https://www.rbi.org.in/history/Brief_History.html" id="mwCCg" rel="mw:ExtLink nofollow">"Brief History"</a>. <i id="mwCCk">Reserve Bank of India</i><span class="reference-accessdate" id="mwCCo">. Retrieved <span class="nowrap" id="mwCCs">15 February</span> 2023</span>.</cite><span about="#mwt101" class="Z3988" id="mwCCw" title="ctx_ver=Z39.88-2004&amp;rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&amp;rft.genre=unknown&amp;rft.jtitle=Reserve+Bank+of+India&amp;rft.atitle=Brief+History&amp;rft_id=https%3A%2F%2Fwww.rbi.org.in%2Fhistory%2FBrief_History.html&amp;rfr_id=info%3Asid%2Fen.wikipedia.org%3AApril+1"></span></span>