After reading this article you will learn about the establishment of the central bank for India. In order to bring some sound monetary policy, Industrial and agricultural development, provision for establishing sound principles for the upliftment of trade commerce and in manufacturing sectors a co-ordination among the banks constituted under the Company Act or otherwise including indigenous banks was immediately [...]
This article throws light upon the four main changes that took place after the establishment of RBI. The changes are: 1. Growth of Banking in India after Independence 2. Establishment of the State Bank of India 3. Reforms in Banking Sector 4. Nationalisation of Banks. Change # 1. Growth of Banking in India after Independence: With establishment of Reserve Bank [...]
After reading this article you will learn about the meaning and functions of local area banks. Meaning of Local Area Banks: In view of the success of co-operative banks in mobilising deposits and creating credit facilities in rural areas it has been established that co-operative banks throughout the country are playing a very important role of rural development and national [...]