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
The Institute of Science, Mumbai flat central dome of the Cowasji Jehangir Hall, manage to harmonize with the 19th century buildings surrounding it. Protected from the street by the many-arched facades are a botanical garden, herbarium and a park. The Institute of Science is awarded the status of "College with potential for Excellence" by the UGC in 2009 and awarded generous grants for infrastructure development. 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