Tomorrow, we continue Economy by Mrunal with Pillar 1-B1: Classification of Financial Intermediaries – Banks and NBFCs (📖 pp. 122–160).
Pillar 1-B1: Classification of Financial Intermediaries 🏦
- Financial Intermediaries: Banks 💸 – Explore banks as key players in channeling funds between savers and borrowers.
- RBI and Its Functions ⚖️ – Understand the Reserve Bank of India’s role in regulation, monetary policy, and financial stability.
- Scheduled Banks 📜 – Learn about banks listed under RBI’s Second Schedule, eligible for specific privileges.
- FI Commercial Banks Pre-Independence 🏛 – Dive into the history of commercial banks in India before 1947.
- Consolidation of PSBs 🤝 – Examine the merger of Public Sector Banks to strengthen India’s banking system.
- Commercial Banks and Pvt Sector Banks 🏢 – Compare operations of commercial and private sector banks in India.
- Foreign Banks 🌍 – Understand the role and regulations of foreign banks operating in India.
- Differential Banks & Cooperative Banks 🧑🤝🧑 – Explore small finance banks, payments banks, and cooperative banking models.
- NBFCs and RBI Regulation 📑 – Learn about Non-Banking Financial Companies and their oversight by RBI.
- Fintech Companies 🚀 – Discover how fintech firms are revolutionizing financial services with technology.