Page-9 of Banking GK
National Housing Bank (NHB)
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...
Current Structure and Organization of the RBI
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...
Origin and Establishment of RBI
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
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...Differences Between NBFCs and Banks
Non-Banking Financial Companies (NBFCs) perform functions similar to banks, mainly lending and investment, but they differ from banks in several fundamental ways. These differences arise from the distinct...Real Time Gross Settlement (RTGS)
RTGS is India’s high-value electronic funds transfer system, designed for real-time, irrevocable transfers. Launched in March 2004 by RBI, it was the country’s first system for large-value instant...
