Glossary Terms

03

Dec'17

Subsidiary

A subsidiary is a company where another company (that is the parent company) has more than 50% shareholding. The subsidiary …

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03

Dec'17

Regional Rural Banks (RRBs)

Regional Rural Banks (RRBs) are banks formed in collaboration by the Central Government, State Governments and Sponsoring Commercial Banks to …

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03

Dec'17

On tap bank license policy

The ‘On tap bank license policy’ was launched by the RBI to receive and provide bank licenses on a continuous …

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03

Dec'17

Differentiated banks

Differentiated banks are banking institutions licensed by the RBI to provide specific banking services and products. It is a system …

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03

Dec'17

Prudential regulations

Prudential regulations refers to a set of laws and rules designed to minimize the risks banks assume and to ensure …

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03

Dec'17

Banking Sector Reforms

Refers to the reform measures launched in the banking sector during the 1990s. these reforms were introduced from 1993 onwards, …

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03

Dec'17

Development Financial Institutions (DFIs)

DFIs were started by the government to give sector-specific loans to various sectors- industry, agriculture, housing, infrastructure, export finance etc. …

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03

Dec'17

Financial repression, era of

In the history of Indian banking, the pre-reform period or pre-1991 is known as the era of financial repression. Here, …

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03

Dec'17

Narasimham Committee

The Narasimham Committee was appointed in the 1990s to make recommendations on banking sector reforms. Banking sector reforms in the …

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03

Dec'17

Bank Nationalization

Government has nationalized 14 commercial banks in 1969 and 6 banks in 1980 to facilitate social banking.

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