Retail banking, also called consumer or personal banking, refers to banking services provided directly to individual customers, as opposed to businesses or institutions. Retail banking is the primary...
Cooperative banks are member-owned financial institutions operating on cooperative principles such as one member, one vote. Unlike commercial banks, their primary objective is financial inclusion and affordable credit,...
Local Area Banks were an experimental category of private banks introduced in 1996. The RBI allowed LABs as small banks to operate in limited geographic areas with the...
The following list shows the timeline of banking in India, with major events and their dates. Ancient Era: c. 2000–500 BCE – References to money lending in Vedic...
Foreign Banks are banks that are incorporated in a foreign country but operate in India through branch offices or wholly-owned subsidiaries. They bring global banking practices and foreign...
NABARD is the apex DFI dedicated to building rural and agricultural prosperity. Established on 12 July 1982 under the NABARD Act 1981, it was created by transferring the...
The National Housing Bank (NHB) is the apex institution for housing finance in India. It was established on 9 July 1988 under the National Housing Bank Act, 1987...
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...
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...
