Did Ambedkar establish the RBI?

No, Dr. B.R. Ambedkar did not establish the Reserve Bank of India (RBI) directly, but he played a crucial role in its foundation. His recommendations, based on his book “The Problem of the Rupee – Its Origin and Its Solution,” were influential during the Hilton Young Commission discussions in 1926, which laid the groundwork for the RBI's creation. The bank was formally established on April 1, 1935, under the provisions of the Reserve Bank of India Act, 1934.