India’s banking evolution spans several centuries, beginning with informal moneylending and temple-based finance and gradually progressing towards an organised, regulated banking system. Ancient and Medieval Banking Practices Banking...
The period between 1770 and 1920 marks a decisive phase in the history of Indian banking, during which modern, western-style banking institutions were introduced under British colonial rule....
The period from 1921 to 1969 represents the most transformative phase in Indian banking history. During these decades, the banking system evolved from a colonial, urban-oriented commercial structure...
The second phase of bank nationalisation in India took place on 15 April 1980, further consolidating the public sector–led banking framework established in 1969. This phase extended the...
The nationalisation of banks in 1969 and 1980 had a profound and lasting impact on India’s financial system and overall economic development. Over the two decades that followed,...
Several government schemes in India have been launched to broaden financial inclusion by providing insurance, credit, and pension to the underserved. These schemes aim to cover the population...
Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) refers to the set of laws, regulations, and institutional measures designed to prevent the misuse of financial systems for...
Monetary policy refers to the policy actions undertaken by a nation’s central bank to control the money supply, availability of credit, and cost of money (interest rates) in...
The RBI employs a range of monetary policy instruments (tools) to regulate liquidity and influence interest rates in the economy. These instruments can be broadly classified into quantitative...
Bank accounts are essentially arrangements with the bank to hold money and use banking services. They can be broadly of the types we already touched on: Savings, Current,...
