1. RBI Act, 1934The Reserve Bank of India Act, 1934 is the principal legislation that established the Reserve Bank of India (RBI) as India’s central bank. Enacted in...
10. Financial InclusionFinancial 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,...
16. Non-Banking Financial CompaniesNon-Banking Financial Companies (NBFCs) are financial institutions that provide banking and financial services without meeting the legal definition of a bank. In India, an NBFC...
21. National Bank for Agriculture and Rural Development (NABARD)NABARD is the apex DFI dedicated to building rural and agricultural prosperity. Established on 12 July 1982 under the NABARD...
26. Types of BankingVarious Types of Banking are as follows: Branch Banking Branch banking involves business of banking via branches. The branches are set up under Section 23...
38. Origin and Establishment of RBIPrior to the RBI, India’s banking and currency management lacked a dedicated central authority. The Imperial Bank of India (est. 1921) performed some...
43. Indigenous Banking System in Pre-Colonial IndiaIndia’s banking evolution spans several centuries, beginning with informal moneylending and temple-based finance and gradually progressing towards an organised, regulated banking system....
51. Meaning, Definition & Importance of BankingBanking refers to the business activity of accepting money from the public for safekeeping and lending that money to others for productive...
India’s foreign exchange reserves are external assets held and managed by the Reserve Bank of India on behalf of the Government of India. These reserves consist of (1)...
Development Finance Institutions (DFIs) are specialized financial institutions set up to provide long-term financing or other financial support to sectors that are crucial for economic development but may...
Public Sector Banks are banks where the majority stake (over 50%) is held by the government. The government’s entry into banking began with the nationalization of the Imperial...
Private sector banks are banks predominantly owned by private entities (individuals, corporations, or institutions). India’s private banks are classified into Old Private Sector Banks and New Private Sector...
