Role and Functions of Reserve Bank of India and commercial banks

Role of RBI Pre-reform Post-reform Developmental Role: the developmental role has increased in view of the changing structure of the economy with a focus on SMEs and Financial Inclusion Priority Sector Lending: Introduced from 1974 with Public Sector Banks. Extended to all Commercial Banks by 1992 In the revised guidelines for PSL the thrust is … Read more

Money

The Many Faces of Money: A Journey Through History, Economics, and Society Money, a seemingly simple concept, is a complex and multifaceted phenomenon that has shaped human civilization for millennia. From its humble beginnings as a medium of exchange to its role in global finance, money has evolved alongside human society, reflecting our changing needs, … Read more

Indian Industry

India’s industrial landscape is dynamic and expansive, encompassing a diverse range of sectors that contribute to the nation’s economic growth and global presence. This article provides a detailed look into the major sectors within the Indian industry, examining their current state, challenges, contributions, and future outlook. 1. Manufacturing Sector India’s manufacturing industry is a major … Read more

IMF, The World Bank and Asian Development Bank

[su_heading]World Bank[/su_heading] The International Bank for Reconstruction and Development (IBRD), commonly referred to as the World Bank, is an international financial institution whose purposes include assisting the development of its member nation’s territories, promoting and supplementing private foreign Investment and promoting long-range balance Growth in international trade. The World Bank was established in December 1945 … Read more

Role of Commercial Banks

Role of Commercial Banks A Commercial bank is a type of financial institution that provides Services such as accepting deposits, making business loans, and offering basic Investment products There is acute shortage of capital. People lack initiative and enterprise. Means of transport are undeveloped. Industry is depressed. The commercial banks help in overcoming these obstacles and promoting … Read more

Atal Pension Yojana (APY): Building a Retirement Safety Net for the Informal Sector

Atal Pension Yojana (APY): Building a Retirement Safety Net for the Informal Sector Introduction India’s informal sector, encompassing a vast majority of the workforce, faces a stark reality: the lack of a secure retirement plan. This segment, comprising street vendors, farmers, construction workers, and countless others, often works in precarious conditions with little or no … Read more

Non Banking Financial Institutions

–2/”>a >DOCTYPE html PUBLIC “-//W3C//DTD XHTML 1.0 Transitional//EN” “http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd”> Non-Banking financial institutions and their reforms in them since 1990s A Non Banking Financial Company (NBFC) is a company registered under the Companies Act, 1956 of India, engaged in the business of loans and advances, acquisition of Shares, stock, Bonds hire-purchase insurance business or chit business … Read more

Financial and Banking sector reforms

The Banking System at the time of independence was largely urban oriented and remained out of reach of rural Population. Commercial Banks mostly confined their lending to trade, commerce and Industry and treated agriculture as a non priority. Security- oriented lending was the order of the day. Banks did not pay any attention to the … Read more

State Cooperative banks

State Cooperative Banks: Pillars of Rural Development and Financial Inclusion State Cooperative Banks (SCBs) play a crucial role in India’s financial landscape, particularly in rural areas. They act as the backbone of the cooperative banking structure, connecting rural communities with the formal financial system. This article delves into the history, structure, functions, challenges, and future … Read more

Money Supply

The Power of the Purse: Understanding Money Supply and Its Impact on the Economy The concept of money supply might seem abstract, but it’s a crucial driver of economic activity. It’s the lifeblood of the financial system, influencing everything from interest rates and inflation to employment and economic growth. Understanding how money supply works is … Read more