List of top four institutional banks that operate in India:- 1. NABARD 2. SIDBI 3. IRBI (Now Known as IIBI) 4. IFCI (Industrial Finance Corporation of India). Institutional Bank # 1. NABARD: The National bank for Agriculture and Rural Development was established in the year of 1982 (12th July 1982) by an Act of Parliament. The NABARD Act 1981 replaced [...]
After reading this article you will learn about the meaning and functions of local area banks. Meaning of Local Area Banks: In view of the success of co-operative banks in mobilising deposits and creating credit facilities in rural areas it has been established that co-operative banks throughout the country are playing a very important role of rural development and national [...]
After reading this article you will learn about:- 1. History of Regional Rural Banks (RRBs) 2. The Objectives of Regional Rural Banks 3. Area of Functioning 4. Sponsorship 5. Functions. History of Regional Rural Banks (RRBs): The Regional Rural Banks were established on the recommendations of Narsimha Committee on Rural Credit. The committee was of the view that RRBs would [...]