The Board for Financial Supervision (BFS) is the dedicated structural body governing the oversight framework of the Indian financial sector. Established in November 1994, the BFS operates as...
The Central Board of Directors governs the Reserve Bank of India. It is the apex body responsible for the overall superintendence, direction, and management of the central bank....
Central Board of Directors The Central Board of Directors is the apex governing body of the RBI. It is constituted under the RBI Act, 1934, and is appointed/nominated...
Prior to the RBI, India’s banking and currency management lacked a dedicated central authority. The Imperial Bank of India (est. 1921) performed some quasi-central banking functions like managing...
The Rangarajan Committee had placed its report in mid 2008. In order to further financial inclusion, the Government, NABARD and the Reserve Bank are pursuing several initiatives. Two...
The report of the Rangarajan Committee is summarized as follows: Extent of Exclusion: As per the NSSO data, 45.9 million farmer households in the country (51.4%), out of...
Does it mean that every individual should use the above services? No. Financial Inclusion does mean that every eligible person uses these services but they should be able...
Financial Inclusion refers to ensuring that all individuals, particularly low-income and underserved groups, have access to basic financial services such as bank accounts, credit, insurance, pensions, and remittance...
Please check the updated article here What is the Current Number of RRBs in India? Government of India initiated the process of structural consolidation, in consultation with State...
Regional Rural Banks (RRBs) are financial institutions established to provide banking services to rural and semi-rural areas, particularly targeting small and marginal farmers, agricultural labourers, artisans, and rural...
Regional Rural Banks (RRBs) are specialised financial institutions established to provide credit and banking services to rural and semi-rural populations, particularly small and marginal farmers, agricultural labourers, artisans,...
The Usha Thorat committee recommended that Lead Bank Scheme should prevail and continue. In this context, after a long period, in March 2010, RBI released the guideline for...
