In the present era, 'Financial Inclusion' and 'Inclusive Growth' have become part of the common man's glossary as well as an important item in the development agenda. Financial inclusion is one of biggest challenges in the world economics. Financial inclusion is defined by various researchers and government's committees in heterogeneous views. Rangarajan Committee (2008) defined Financial inclusion as a process [...]
In this article we will discuss about:- 1. Introduction to the Banking Industry 2. Need of the Banks 3. History 4. Structure 5. Growth 6. Banking and Insurance Sectors after Liberalization 7. Challenges 8. Strategic Options to Cope with the Challenges. Contents: Introduction to the Banking Industry Need of the Banks History of Indian Banking System Structure of Indian Banking [...]
Other than banks, Post Office schemes are the most commonly invested contractual-return products in the fixed income world. The various investment avenues offered by Post Office in India include: 1. Recurring Deposits 2. Time Deposits 3. Monthly Income Schemes 4. National Savings Certificates (NSCs) 5. Senior Citizen Savings Scheme. We will briefly discuss the features of each one of them. [...]