Glossary Terms

03

Dec'17

Lead Bank Scheme

The Lead Bank Scheme was launched by the RBI in 1969 as an area approach for providing banking facilities in …

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03

Dec'17

Financial inclusion

Financial inclusion is providing financial services and products to the unserved and the underserved. According to RBI’s KC Chakrabarty who …

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03

Dec'17

Small Finance Banks

Small finance banks are banks with a differentiated bank license from the RBI. They shall primarily undertake basic banking activities …

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03

Dec'17

Payments banks

Payments banks are the financial institutions with a differentiated license from the RBI to provide selected financial services like saving …

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03

Dec'17

National Small Savings Fund (NSSF)

National Small Savings Fund (NSSF) was established in 1999 within the Public Account of India for pooling the money from …

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03

Dec'17

Base Rate

Base rate is the standard interest rate to be followed by commercial banks in India since 2010. Base rate should …

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03

Dec'17

Resolution

Resolution is the State’s power to resolve a failed bank in an orderly way so the financial markets do not …

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03

Dec'17

Resolution Regime

Resolution regime is a government created legal framework that resolves a failed bank in an orderly way so the financial …

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03

Dec'17

Ring-fencing

Ring-fencing means protecting a firm from excessive risk taking and the resultant failures. Ring-fencing has been a major theme of …

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03

Dec'17

Systemically important banks

Systemically important banks are the one with big size, network, and their ability to provide complex financial products on their …

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