The correct answer is The Government of India. Explanation & Key Takeaways: • The Government of India has the sole right to mint coins. • The responsibility for coinage vests with the Government of India in terms of the Coinage Act, 1906 as amended from time to time. • The designing and minting of coins in various denominations is also the responsibility of the Government of India. • Coins are minted at the five India Government Mints at Mumbai, Alipore(Kolkata), Saifabad(Hyderabad), Cherlapally (Hyderabad), and NOIDA (UP). • The coins are issued for circulation only through the Reserve Bank in terms of the RBI Act. Related Concepts: • Reserve Bank of India- • The Reserve Bank of India was established on April 1, 1935, in accordance with the provisions of the Reserve Bank of India Act,1934. • The Central Office of the Reserve Bank was initially established in Kolkata but was permanently moved to Mumbai in 1937. • The Central Office is where the Governor sits and where policies are formulated. • State Bank of India- • State Bank of India (SBI) is an Indian multinational, public sector banking and financial services statutory body headquartered in Mumbai, Maharashtra. • The Bank of Madras merged into the other two presidency banks in British India, the Bank of Calcutta and the Bank of Bombay, to form the Imperial Bank of India, which in turn became the State Bank of India in 1955. • The Government of India took control of the Imperial Bank of India in 1955, with the Reserve Bank of India (India's central bank) taking a 60% stake, renaming it State Bank of India. • Union Bank of India- • Union Bank of India (Union Bank) was registered on 11 November 1919 as a limited company in Mumbai and was inaugurated by Mahatma Gandhi. • The Indian government nationalized the Union Bank of India in 1969.