Subject Matter of the RBI Act: The process of deciding main features of the Reserve Bank of India Act was not only difficult but was long drawn. Notwithstanding the years of controversy that had raged around the constitutional set-up of a central bank for India, and the fact that the country had twice had an opportunity to discuss legislation for [...]
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 [...]