Posted inEconomy Notes
Non-Banking Financial Company (NBFC) – UPSC Economy Notes
A Non-Banking Financial Company (NBFC) is a corporation incorporated under the Companies Act, 1956, specializing in providing loans and advances
Posted inEconomy Notes
National Payments Corporation of India – UPSC Economy Notes
The National Payments Corporation of India (NPCI) was established through collaboration between the Reserve Bank of India
Posted inEconomy Notes
Cash Reserve Ratio (CRR) – UPSC Economy Notes
The Cash Reserve Ratio (CRR) mandates commercial banks to maintain a minimum percentage of their total deposits, known as Net Demand and Time Liabilities
Posted inEconomy Notes
Microfinance in India – UPSC Economy Notes
Microfinance refers to the provision of financial services, such as credit and insurance, in small amounts to individuals in rural
Posted inEconomy Notes
Priority Sector Lending – UPSC Economy Notes
Priority Sector Lending (PSL) is a crucial aspect of banking and financial policy aimed at fostering inclusive growth and equitable distribution
Posted inEconomy Notes
Bank Run – UPSC Economy Notes
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.
Posted inEconomy Notes
Universal Banking in India – UPSC Economy Notes
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.
Posted inEconomy Notes
Shadow Banks – UPSC Economy Notes
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
Posted inEconomy Notes
All India Financial Institutions (AIFIs) – UPSC Economy Notes
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.
Posted inEconomy Notes
Co-operative Banks – UPSC Economy Notes
Co-operative banks, often referred to as co-ops or simply cooperative societies, stand as pillars of community-driven financial services
