India, Republic, 2010 AD., 75th Anniversary of the Reserve Bank of India commemorative, Noida mint, 10 Rupees, KM 388.

India, Republic, 75th Anniversary of the Reserve Bank of India commemorative, Noida mint (dot), 2010 AD.,
10 Rupees (27 mm / 7,64 g), bimetallic, a copper-nickel center in a brass ring, medal alignment ↑↑ (0°) , plain edge, mintage ?,
Obv.: भारतीय रिज़र्व बैंक - RESERVE BANK OF INDIA // प्लेटिनम जयंती / PLATINUM JUBILEE / • 1935 - 2010 • / • , seal of the Reserve Bank of India in center: an Indian lion walking left, palm tree behind. All surrounded by legends in Hindi and English, date between dots below, mint mark • below date.
Rev.: भारत - INDIA / रुपए 10 RUPEES , country name and denomination in Hindi and English flanking the Asoka lion pedestal.
KM 388 .

The Reserve Bank of India (RBI) (Hindi: भारतीय रिज़र्व बैंक) is the central banking institution of India and controls the monetary policy of the rupee as well as US$300.21 billion (2010) of currency reserves. The institution was established on 1 April 1935 during the British Raj in accordance with the provisions of the Reserve Bank of India Act, 1934. The share capital was divided into shares of Rs. 100 each fully paid which was entirely owned by private shareholders in the beginning. Reserve Bank of India plays an important part in the development strategy of the government. It is a member bank of the Asian Clearing Union. Reserve Bank of India was nationalised in the year 1949. The general superintendence and direction of the Bank is entrusted to Central Board of Directors of 20 members, the Governor and four Deputy Governors, one Government official from the Ministry of Finance, ten nominated Directors by the Government to give representation to important elements in the economic life of the country, and four nominated Directors by the Central Government to represent the four local Boards with the headquarters at Mumbai, Kolkata, Chennai and New Delhi. Local Boards consist of five members each Central Government appointed for a term of four years to represent territorial and economic interests and the interests of co-operative and indigenous banks. The central bank was founded in 1935 to respond to economic troubles after the first world war. The Reserve Bank of India was set up on the recommendations of the Hilton-Young Commission. The commission submitted its report in the year 1926, though the bank was not set up for another nine years. The Preamble of the Reserve Bank of India describes the basic functions of the Reserve Bank as to regulate the issue of bank notes, to keep reserves with a view to securing monetary stability in India and generally to operate the currency and credit system in the best interests of the country. The Central Office of the Reserve Bank was initially established in Kolkata, Bengal, but was permanently moved to Mumbai in 1937. The Reserve Bank continued to act as the central bank for Myanmar till Japanese occupation of Burma and later up to April 1947, though Burma seceded from the Indian Union in 1937. After partition, the Reserve Bank served as the central bank for Pakistan until June 1948 when the State Bank of Pakistan commenced operations. Though originally set up as a shareholders’ bank, the RBI has been fully owned by the government of India since its nationalization in 1949.