Banks
- Commercial Banks
- deals mainly with general public
- SBI, ICICI etc.
- RBI is the regulator
- Industrial Development Banks
- target group is industries
- provides medium/ long term finance
- IDBI, IFCI, IIBI
- also NABARD, SIDBI,NHB
- RRBs (NABARD is the regulator)
- Cooperative Banks
- SCBs
- District level or Urban based
- PACs
Rural Banking
Players
- Commercial Banks
- RRBs
- Cooperatives
- MFIs etc.
Initiatives
- Bank nationalization
- Priority Sector Lending
- RIDF (operated by NABARD)
- RRBs on the recommendations of Narasimhan committee
- Amalgamation of RRBs
- Kisan Credit Card (KCC)
- SHG-Bank Linkage
- Banking Correspondent (BC)
- 2006 : Interest Subvention scheme
- Swabhimaan scheme
Financial Inclusion
Initiatives
- 1969 : Lead Banking Scheme
- 2005 : Basic savings account
- 2011 : Swabhimaan (target extended in 2012 budget speech)
- 2006 : BC
- Ultra Small Branches (USBs)
- Kiosk Banking is being mooted
Issues/ challenges
- NPA
- Capital/ Fund shortage- cannot raise fund from capital market
- Rural banking
http://www.thehindu.com/opinion/columns/C_R_L__Narasimhan/the-elusive-quest-for-autonomy/article6996234.ece
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