Notes and Study material for Exams
The Rise of Payment Banks: A New Era in Financial Inclusion The financial landscape is constantly evolving, and one of the most significant developments in recent years has been the emergence of payment banks. These specialized banks, operating under a unique regulatory framework, are playing a crucial role in bridging the financial inclusion gap, particularly … Read more
The Backbone of the Economy: A Deep Dive into Commercial Banks Commercial banks are the lifeblood of modern economies, facilitating the flow of money, providing essential financial services, and playing a crucial role in economic growth and stability. This article delves into the intricate world of commercial banks, exploring their functions, structure, key services, and … Read more
Narrow Money: A Deep Dive into the Core of a Nation’s Liquidity Narrow money, often referred to as M1, represents the most liquid components of a country’s money supply. It encompasses those financial assets that can be readily used for transactions, providing a direct measure of the immediate purchasing power available in an economy. Understanding … Read more
National Pension Scheme (NPS): Building Your Retirement Fund The National Pension System (NPS) is a voluntary, defined contribution pension scheme launched in 2004 by the Government of India. It is a retirement savings plan that allows individuals to contribute regularly towards their retirement corpus. The NPS is designed to provide a regular income stream during … Read more
Sukanya Samriddhi Scheme: Securing the Future for India’s Daughters The Sukanya Samriddhi Account Scheme (SSA), launched in 2015, is a government-backed savings scheme specifically designed to empower and secure the future of India’s daughters. This scheme, under the Pradhan Mantri Jan Dhan Yojana, aims to encourage parents and guardians to invest in their daughters’ education, … Read more