After reading this article you will learn about:- 1. History of Regional Rural Banks (RRBs) 2. The Objectives of Regional Rural Banks 3. Area of Functioning 4. Sponsorship 5. Functions. History of Regional Rural Banks (RRBs): The Regional Rural Banks were established on the recommendations of Narsimha Committee on Rural Credit. The committee was of the view that RRBs would [...]
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 [...]
List of top four specialised banks of India:- 1. Industrial Development Bank of India 2. Housing Finance Bank 3. EXIM Bank 4. Rural Credit Bank. Specialised Bank # 1. Industrial Development Bank of India: The Industrial bank of India popularly known as IDBI was established as wholly owned subsidiary of RBI. It was set up under the Act of Parliament [...]