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The institute was established in 1948 with a donation of Rs. 25 lacs and 31.2 hectares (77 acres) of land by the textile magnate Kasturbhai Lalbhai, who named the college after his father, Lalbhai Dalpatbhai.
An acceptance credit is a type of letter of credit that is paid by a time draft authorizing payment on or after a specific date, if the terms of the letter of credit have been complied with. The bank "accepts" bills of exchange drawn on the bank by the debtor , discounts them and agrees to pay for them when they mature .
The curriculum offers 57 areas of study, including 44 majors, as well as the option to design interdisciplinary concentrations. The student body consists of 53% female and 47% male students, representing 45 U.S. states and 46 countries. The acceptance rate for the class of 2026 was 11.8%.
Radcliffe College was a women's liberal arts college in Cambridge, Massachusetts, that was founded in 1879.In 1999, it was fully incorporated into Harvard College.The college was named for the early Harvard benefactor Anne Mowlson (née Radcliffe) and was one of the Seven Sisters colleges.