(b) Osborne Smith: Osborne Smith was the first Governor of the Reserve Bank of India, serving from April 1, 1935, to June 30, 1937. He was a British banker appointed during the colonial period.

It is governed by Reserve Bank of India Act, 1934 and it began operations on April 1, 1935 with Sir Osborne Smith as the first Governor, responsible for functions such as currency issuance ...