What is E Banking? The term “Electronic Banking” or “Internet banking” is defined as a remote banking service provided by the authorized banks or their representatives through devices operated either…
What is Rural Banking? A rural bank may be described as rural financial institution/ cooperative/ community financial institution or deposit taking financial group that providescustomised monetary offerings to rural communities.…
What is Money? The word ‘money’ is derived from the Latin word ‘Moneta’ which was the surname of the Roman Goddess of Juno. Money was coined in her Temple in…
The future of the governments and the political parties depend on how they tackle the problem of inflation. Many aspects of our everyday activities are in some way influenced by…
What is Banking Structure? Banks have played a critical role in the economic development of some developed countries such as Japan and Germany and most of the emerging economies including…
The concept of the quantity theory of money (QTM) began in the 16th century. As gold and silver inflows from the Americas into Europe were being minted into coins, there…
Digital banking is the incorporation of new and developing technologies throughout a financial services entity, in concert with associated changes in internal and external corporate and personnel relationships, to provide enhanced customer services and experiences effectively and efficiently
On-banking financial institutions (NBFIs) also mobilize financial resources directly or indirectly from people. They lend funds but do not create credit. Companies such as LIC, GIC, UTI, Development Financial Institutions, Organization of Pension and Provident Funds fall into this category.
Reserve Bank of India established in 1935 with a Mandate to set up a special Agricultural credit Department (ACD) with expert staff. RBI initiated different measures to develop a healthy…
The role of public sector banks increased after nationalization of commercial banks. On I July 1955, the government of India took over imperial Bank of India and converted it into…
