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 Magicians Equity and Food & Beverage Retail. Hockey India League Mumbai Magicians Mumbai Magicians (abbreviated as MM) was a field hockey team based in Mumbai, Maharashtra that played in the Hockey India League from 2012 to 2014. It was owned by Dabur India Ltd. Australian coach Ric Charlesworth served as the head coach for the team. The team was owned by the Burman family, promoters of fast-moving consumer goods (FMCG) major Dabur India Ltd. The Burman family is the promoter of one of the largest and the oldest Indian consumer products company, Dabur India Ltd. The family also has interests in