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
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
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
What is Commercial Banks? Commercial Banks is financial Institution that accepts deposits for the purpose of lending. In other words, commercial Banks provide services such