Besides agency services, commercial banks perform many general utility services also. Banks render these services not only to their customers but also to the general public. The following
The traditional functions of Reserve Bank of India includes Issue of Currency, Banker to Govt, Bankers Bank, Credit control Measures, lender of lost resort, exchange control, clearing house
In 1970, a comprehensive Act was passed called Banking Companies (Transfer of Undertakings and Acquisition) Act. By this, the taking over of major Scheduled banks became absolute. Another
Banks directly play an important role in the economic development of the country. Here, we can see certain specific role of banks as financial intermediary. Role of Financial
Introduction to Merchant Bankers After 1990, the new economic policy adopted by the government has resulted in the promotion of a number of new companies. This has resulted
Origin History of National Bank for Agriculture and Rural Development (NABARD): After independence, in order to improve rural credit, the government and Reserve Bank of India decided to
The world bank was established on December 25, 1944. United Nations Monetary and Financial conference held at Bretton Woods provided for the establishment of the International Monetary Fund