Proportional Reserve System of Note Issue Explained

Proportional Reserve System First let's understand the meaning of three words, namely:Proportion means a part, percentage or share of so...

Reserve Bank of India Issue Currency Notes

RBI Issue Currency Notes in India Reserve Bank of India (RBI) has a sole right to issue currency notes in India. This right is guaranteed on...

What is Priority Sector Lending ? Meaning Areas

Priority Sector Lending Meaning Priority sector plays an important role in the economic development of the country. Therefore, the Central ...

What are Functions of Development Banks?

Functions of Development Banks The role or functions of development banks in India are depicted below.The nine important functions of devel...

Meaning and Definition of Development Banks in India

Meaning of Development Banks Development banks are specialized financial institutions. They provide medium and long-term finance to the ind...

Non-Banking Activities Services Offered by Banks

Non-Banking Activities All banks perform non-banking activities along with their traditional functions.A bank cannot survive without perfor...

Changing Role of Banks in India Since Economic Reforms of 1991

Changing Role of Banks in India The role of banks in India has changed a lot since economic reforms of 1991. These changes came due to LPG,...

Banker-Customer Relationship Explained in Detail

Banker-Customer Relationship The relationship between banker and customer is mainly that of a debtor and creditor. However, they also share...