ManagementParadise.com : Worlds Leading Management Portal. MBA | Classroom, Boardroom and Beyond


Go Back   ManagementParadise.com Forums - Your MBA Online Degree Program and Management Students Forum for MBA,BMS, MMS, BMM, BBA, students & aspirants. > Projects HUB for Management Students ( MBA Projects and dissertations / BMS Projects / BBA Projects > Resolve Your Query - Get Help and discuss Projects > Financial Management ( FM )

Promotional functions of Banks

Promotional functions of Banks

Discuss Promotional functions of Banks within the Financial Management ( FM ) forums, part of the Resolve Your Query - Get Help and discuss Projects category; With economic growth assuming a new urgency since Independence, the range of the Reserve Bank's functions has steadily widened. The ...

Reply

 

LinkBack Thread Tools Display Modes
Advertisements
Promotional functions of Banks
Old
 (1 (permalink))
Sunanda K. Chavan
sunandaC has a spectacular aura aboutsunandaC has a spectacular aura aboutsunandaC has a spectacular aura about
 
sunandaC
Management Paradise Guru
 
Status: Offline
Posts: 6,685
Join Date: Jul 2010
Promotional functions of Banks - October 12th, 2010

With economic growth assuming a new urgency since Independence, the range of the Reserve Bank's functions has steadily widened. The Bank now performs a varietyof developmental and promotional functions, which, at one time, were regarded as outside the normal scope of central banking. The Reserve Bank was asked to promote banking habit, extend banking facilities to rural and semi-urban areas, and establish and promote new specialised financing agencies.


Accordingly, the Reserve Bank has helped in the setting up of the IFCI and the SFC; it set up the Deposit Insurance Corporation in 1962, the Unit Trust of India in 1964, the Industrial Development Bank of India also in 1964, the Agricultural Refinance Corporation of India in 1963 and the Industrial Reconstruction Corporation of India in 1972. These institutions were set up directly or indirectly by the Reserve Bank to promote saving habit and to mobilise savings, and to provide industrial finance as well as agricultural finance.


As far back as 1935, the Reserve Bank of India set up the Agricultural Credit Department to provide agricultural credit. But only since 1951 the Bank's role in this field has become extremely important. The Bank has developed the co-operative credit movement to encourage saving, to eliminate moneylenders from the villages and to route its short term credit to agriculture. The RBI has set up the Agricultural Refinance and Development Corporation to provide long-term finance to farmers.
Advertisements
Friends: (0)
Reply With Quote
Related to Promotional functions of Banks
 

Similar Threads

Thread Thread Starter Forum Replies Last Post
Policy on Unlicensed Banks, Unit Banks and Branch Licensing Abhijeet S Management Of Co-operatives ( MOC ) 0 September 16th, 2010 03:44 PM
Development Banks In India with respect to IDBI Banks singh neelam Resolve Your Query - Get Help and discuss Projects 2 June 4th, 2010 02:32 PM
BANKS mimic other banks. They expose themselves to similar risks by making the same s shreyjoshi Articles !! 0 January 6th, 2010 03:29 PM
Structure and Functions of Commercial Banks.doc CHINNARAJ Lakshmanan PUBLISH / UPLOAD PROJECT OR DOWNLOAD REFERENCE PROJECT 0 August 5th, 2009 01:41 AM
functions of exim banks abhishaik Export - Import Procedures 2 February 1st, 2009 01:54 PM
 

Reply

Bookmarks

Tags
banks, functions, promotional

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On
Trackbacks are On
Pingbacks are On
Refbacks are On


Login
Forgot Password?  New User?
  

» Ads





» Recent Threads

MBA notes on...
Last post by Hitesh Soni
14 Minutes Ago 08:57 AM
1 Replies
Good communication.....
Last post by Shail Kushwaha
8 Hours Ago 12:24 AM
2 Replies
Do Aliens Really Exhist?
Last post by Shail Kushwaha
8 Hours Ago 12:22 AM
7 Replies
Are english skills...
Last post by Shail Kushwaha
8 Hours Ago 12:21 AM
8 Replies
Wisdom does not come...
Last post by Shail Kushwaha
8 Hours Ago 12:16 AM
6 Replies
Should tobacco companies...
Last post by Shail Kushwaha
8 Hours Ago 12:15 AM
6 Replies
International Yoga Day
Last post by Joel Francis
15 Hours Ago 05:54 PM
0 Replies
Why should I buy a...
Last post by Joel Francis
17 Hours Ago 04:04 PM
0 Replies
Need help in choosing...
Last post by Joel Francis
17 Hours Ago 04:00 PM
1 Replies
Hard work or Smart work... ( 1 2)
Last post by Saurabh Jain
21 Hours Ago 12:00 PM
16 Replies
Indians Perform Better... ( 1 2)
Last post by Saurabh Jain
21 Hours Ago 11:59 AM
11 Replies
Why should we select... ( 1 2)
Last post by Saurabh Jain
21 Hours Ago 11:47 AM
13 Replies
Are women dominant ( 1 2 3... Last Page)
Last post by Sheeter Shokal
1 Day Ago 06:18 PM
95 Replies
Happy Diwali to all...
Last post by Sheraz Khan
1 Day Ago 11:45 AM
1 Replies
Project on audit of...
Last post by Sheraz Khan
1 Day Ago 11:42 AM
3 Replies

» Projects Helpline

Solution manual on...
Last post by Andrew Ken
5 Days Ago 06:35 AM
Stock Marketing TYBMS...
Last post by Rajat Audichya
1 Week Ago 05:42 PM
ManagementParadise.com is not responsible for the views and opinion of the posters. The posters and only posters shall be liable for any copyright infringement.


Management Paradise
About Us
Press
Jobs
Contact Us
Kartik Raichura
Legal
Terms & Conditions
Privacy Policy
Disclaimer
Copyrights
Help
Zeitgeist
Support
FAQs
Tour
Feedback
Partners
Follow
Copyright © 2004 - 2013 Management Paradise. Site Developed by Available.co.in