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 [...]
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 top eight roles of a bank. The roles are: 1. The Source of Funds 2. Banks Help Develop Industry and Trade 3. Financial Assistance to Agriculture 4. Financial Help to General Public 5. Financial Intermediation 6. Trust, Liquidity, Safety 7. Provides Information to Credit Reference Agencies 8. Service Quality—Customer Service 9. Liquidity. Role # [...]