Reserve Bank of India Reserve Bank of India The Reserve Bank of India (RBI) is India's central banking institution, which controls the issuance and supply of the Indian rupee. Until the Monetary Policy Committee was established in 2016, it also controlled monetary policy in India. It commenced its operations on 1 April 1935 in accordance with the "Reserve Bank of India Act, 1934". The original share capital was divided into shares of 100 each fully paid, which were initially owned entirely by private shareholders. Following India's independence on 15 August 1947, the RBI was nationalised on 1 January 1949. The RBI plays an important
The Institute of Science, Mumbai The Institute of Science, Mumbai The Institute of Science (formerly known as the Royal Institute of Science (RIS)) is an institution of postgraduate education and research located in Mumbai, India. It is managed by the Government of Maharashtra and is currently affiliated to the University of Mumbai. It is accredited with an 'A' Grade by the National Assessment and Accreditation Council (NAAC) in March 2014. Established in 1920, its research centers around all branches of science including Physics, Chemistry, Biology, Microbiology, Mathematics, Biochemistry, Bio-Technology and Environmental studies. In Maharashtra state and University of Mumbai, some programs like the Masters in