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 [...]
The various methods or instruments of credit control used by the central bank can be broadly classified into two categories: Methods of Credit Control: 1. Quantitative or general methods, and 2. Qualitative or selective methods. 1. Quantitative or General Methods: The methods used by the central bank to influence the total volume of credit in the banking system, without any [...]
A number of economists have investigated the relationship between macroeconomic performance and the degree to which central banks are insulated from partisan politics. They have examined the legal and institutional framework within which central banks in different countries operate, and constructed indexes of the extent to which their central banks are independent. Many researchers have constructed an index of central [...]