Examples of development banks in India: 1. Industrial Finance Corporation of India (IFCI) 2. State Finance Corporations (SFCs) 3. Industrial Development Bank of India (IDBI) 4. Industrial Credit and Investment Corporation of India (ICICI) 5. Unit Trust of India (UTI) 6. Industrial Reconstruction Bank of India (IRBI)/ Industrial Investment Bank of India (IIBI) 7. Export-Import (EXIM) Bank of India and [...]
Achievements of Nationalized Banks in India! Various achievements of banks in the post-nationalisation period are discussed below: (A) Development of Banking Industry: 1. Lead Bank Scheme: The lead bank scheme was introduced by the Reserve Bank of India towards the end of 1969 with the objective of enabling the commercial banks to assume the role of leadership for the development [...]
Monetary policy refers to the policy of the central bank of a country to regulate and control the volume, cost and allocation of money and credit with the aim of achieving the objectives of optimum levels of output and employment, price stability, balance of payment equilibrium, or any other goal set by the government. Monetary and fiscal policies are closely [...]