The evolution, reforms, and performance of the public sector constitute a pivotal aspect of modern governance, shaping the trajectory of nations and impacting the lives of their citizens.
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Economy Notes
A Non-Banking Financial Company (NBFC) is a corporation incorporated under the Companies Act, 1956, specializing in providing loans and advances
The National Payments Corporation of India (NPCI) was established through collaboration between the Reserve Bank of India
The Cash Reserve Ratio (CRR) mandates commercial banks to maintain a minimum percentage of their total deposits, known as Net Demand and Time Liabilities
Microfinance refers to the provision of financial services, such as credit and insurance, in small amounts to individuals in rural
Priority Sector Lending (PSL) is a crucial aspect of banking and financial policy aimed at fostering inclusive growth and equitable distribution
A bank run occurs when a large number of customers lose confidence in a bank’s financial stability, leading them to withdraw their deposits simultaneously.
Universal banking refers to a banking model that offers a comprehensive range of financial services, including retail, wholesale, and investment banking, all under one roof.
Shadow banks refer to financial institutions that perform functions similar to traditional banks, such as raising deposits, issuing equity, and lending to investors and consumers
All India Financial Institutions (AIFIs) play a pivotal role in shaping the economic landscape of India, serving as crucial pillars in the nation’s financial architecture.