Reserve Bank of India on 8 November 2016. Earlier 1000 notes have been discarded by RBI. Reserve Bank of India also works as a central bank where commercial banks are account holders and can deposit money. RBI maintains banking accounts of all scheduled banks. Commercial banks create credit. It is the duty of the RBI to control the credit through the CRR, bank rate and open market operations. As banker's bank, the RBI facilitates the clearing of cheques between the commercial banks and helps the inter-bank transfer of funds. It can grant financial accommodation to schedule banks. It acts as the lender of the
Central Organising Committee, Communist Party of India (Marxist–Leninist) Chopra, broke away and joined the T. Nagi Reddy group. In 1979 what remained of Sharma's COC, CPI(ML) suffered yet another split, as some party leaders in Punjab rejected his support for Deng Xiaoping in China and the Three Worlds Theory. In 1982 M. Appalasuri's COC, CPI(ML) faction merged with Bhowani Roy Chowdhury's West Bengal-based CPI(ML) Unity Organisation, forming the Communist Party of India (Marxist-Leninist) Party Unity. Central Organising Committee, Communist Party of India (Marxist–Leninist) Central Organising Committee, Communist Party of India (Marxist–Leninist) (abbreviated COC, CPI(ML)) was a communist party in India, one of the main splinter factions of the