In this article we will discuss about:- 1. Establishment and Organisation of State Bank of India 2. Objectives and Functions of State Bank of India 3. Achievements. Establishment and Organisation of State Bank of India: Establishment of State Bank of India: The State Bank of India is the biggest commercial bank and holds a special position in the modern commercial [...]
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 [...]
Difference # Financial Intermediaries: Financial intermediaries generally include commercial banks, cooperative credit societies, building societies, insurance companies, etc. They act as half-way houses between the primary lenders and the final borrowers. They accept deposits from the public and pay deposit rates to it. The financial intermediaries obtain funds from the public and lend these funds to investors. The difference between [...]