Old Private Sector Banks are private banks that were established before the nationalisation of banks in 1969 and continue to operate in India today. These banks form a...
Payments Banks are another new category of banks conceptualized by the Nachiket Mor Committee and introduced by RBI in 2014 to further financial inclusion. RBI’s goal with Payments...
Non-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 is incorporated under...
Various Types of Banking are as follows: Branch Banking Branch banking involves business of banking via branches. The branches are set up under Section 23 of Banking Regulations...
The Indian banking system has a multi-layered structure designed to meet the diverse needs of the economy. At the apex is the Reserve Bank of India (RBI), which...
After India’s independence, it was deemed essential that the central bank be fully owned and controlled by the government to direct the monetary policy in the public interest....
The Small Industries Development Bank of India (SIDBI) is India’s apex financial institution for the promotion, financing, and development of the Micro, Small and Medium Enterprise (MSME) sector....
Banking refers to the business activity of accepting money from the public for safekeeping and lending that money to others for productive use. In simple terms, a bank...
The primary functions of banks are the core activities that define what it means to be a bank. These are the essential banking operations without which an institution...
Beyond their core activities of accepting deposits and granting loans, banks perform a wide range of secondary functions that support financial convenience, facilitate transactions, and promote economic efficiency....
