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 [...]
This article throws light upon the two types of banks that operate in India. The types are: 1. Central Bank 2. Commercial Banks. Type # 1. Central Bank: The bank is called the apex bank in a country. This bank is also known as central bank entrusted with the task of controlling, guiding and regulating the entire banking system and [...]