Foreign Banks in India

The only alternative to coexistence is co-destruction

June 10, 2015

Jawaharlal Nehru was a maven of international relations, and this statement reflects his incisive understanding of the same. In the international system, it is important for countries to at least be able to coexist, if not have good diplomatic relations. The phrase ‘vasudhaiva kutumbakam’ meaning ‘the world...

Scheduled Commercial Banks in India

March 11, 2015

The scheduled commercial banks are those banks which are included in the second schedule of RBI Act 1934 and which carry out the normal business of banking such as accepting deposits, giving out loans and other banking services. The major difference between Scheduled Commercial Banks and Scheduled...

How RBI regulates Foreign Banks ?

April 28, 2011

On February 28, 2005, RBI had released a road map for the presence of foreign banks in India. This was the first ever documented policy on foreign banks in India. This road map suggested two phases. During the first phase between March 2005 to March 2009; the...