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
School of Law, University of Mumbai School of Law, University of Mumbai The School of Law, University of Mumbai is a public institution for undergraduate legal education in India. It is established under Department of Law, University of Mumbai and is situated at the University of Mumbai, Thane Sub Campus, Thane, Mumbai. The college is the one of the two law colleges in Mumbai University to offer B.B.A. - LL.B. Course, the other being University of Mumbai Law Academy. School of Law is a University administered Institution. The Campus also houses Institute of Distance & Open Learning and Management courses. Admissions to undergraduate courses happen through