List of top four specialised banks of India:- 1. Industrial Development Bank of India 2. Housing Finance Bank 3. EXIM Bank 4. Rural Credit Bank. Specialised Bank # 1. Industrial Development Bank of India: The Industrial bank of India popularly known as IDBI was established as wholly owned subsidiary of RBI. It was set up under the Act of Parliament [...]
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 [...]