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
Mumbai Indians ever association with cricket will produce a limited edition collection which will be available globally across popular cricket playing nations. Mumbai Indians have supported the social cause of education to the underprivileged. They have raised funds for the cause via selling merchandise like wristbands signed by their players. The NGOs supported are Pratham, Ummeed, Akanksha, Teach For India and Nanhi Kali. Mumbai Indians The Mumbai Indians (abbreviated as MI) are a franchise cricket team based in the city of Mumbai, Maharashtra. Founded in 2008, Mumbai Indians play in the Indian Premier League (IPL). The team is owned by India's biggest