Digital Banking: Meaning, Types & Benefits
Digital Banking Brief Guide on Digital Banking in India Key Takeaways Digital Banking has essentially automated the banking processes in India. Digital Banking allows you to conduct transactions on devices…
What Is Banking
Summary Banking is the business of accepting deposits, providing loans, and facilitating financial transactions. Its core functions include safeguarding money, offering credit, and facilitating payments for individuals and businesses. The…
Strengthening Rural Credit for Inclusive Growth in India
Why in News? India’s rural credit system has evolved from informal lending to a diversified institutional framework supported by banks, NABARD, cooperatives, SHGs, digital platforms and financial inclusion schemes. It…
Reserve Bank of India
How was it Formed? The Reserve Bank of India was established on April 1, 1935 in accordance with the provisions of the Reserve Bank of India Act, 1934. The Central…
Polymer Currency Notes
Why in News? The Reserve Bank of India (RBI) is actively reviving a decade-old plan to introduce polymer (plastic) currency notes. The Bharatiya Reserve Bank Note Mudran Private Limited (BRBNMPL),…
RBI’s Record Surplus Transfer and its Implications
Why in News? The Reserve Bank of India (RBI) approved a record Rs 2.87 lakh crore surplus transfer to the Union Government for FY26, surpassing the previous record of Rs…