The Reserve Bank of India (RBI) plays a pivotal role in shaping the lending landscape in the country. One of its key initiatives is the categorization of lending into various sectors, each with its own distinct purpose and impact on…
Category: Bank
Which are the priority sectors in lending
The Reserve Bank of India (RBI) has established guidelines for lending in various sectors to promote economic growth and financial inclusion. Here are some of the different types of sectors as per RBI’s priority sector lending (PSL) guidelines: These guidelines…
India’s First Women’s Bank: Woman Empowerment
In a significant stride towards women’s financial empowerment, India witnessed the inauguration of its first women’s bank on November 19, 2013, named the “Bharatiya Mahila Bank.” This pioneering institution aimed to address the unique financial needs of women, offering them…
RBI to invite applications for bank licences
The Reserve Bank will soon invite applications for issuance of licences in three categories — small banks, payment banks and universal banks — to achieve financial inclusion target. Reserve Bank will shortly invite fresh applications to grant licence in three…
Credit growth up 11% but still lags deposits at 13%
After remaining sub-10 per cent for two consecutive fortnights, bank credit grew 11 per cent to Rs. 62,69,007 crore for the fortnight ended October 3. In the corresponding fortnight last year, bank credit stood at Rs. 56,50,107 crore. In the last fortnight, the credit…