GS paper 3

NABARD, History, Functions, Development & Challenges

NABARD The National Bank for Agriculture and Rural Development was founded to provide financing to the agricultural and rural development sectors. With the goal of coordinating the activities of all rural credit institutions and serving as the national apex institution...

Liquidity Adjustment Facility (LAF), Definition, Components

Liquidity Adjustment Facility The Liquidity Adjustment Facility (LAF) is a monetary policy tool used by central banks to manage liquidity in the banking system. It is primarily employed by central banks to influence short-term interest rates and maintain stability in...

Industrial Dispute Act 1947, Introduction, Objective & Feature

Industrial Dispute Act 1947 All workers employed on the Indian mainland are subject to the Industrial Dispute Act of 1947's labour laws. April 1st, 1947 saw the implementation of this Act. Trade unions and employees in any industry in India...

Banking Sector Reforms in India Since 1991, Complete Details

Banking Sector Reforms in India Banking sector reforms in India refer to the various policy measures and initiatives undertaken to enhance the efficiency, stability, and competitiveness of the banking industry in the country. These reforms aim to strengthen the financial...

Marginal Standing Facility, Definition, MSF Rate in India

Marginal Standing Facility The Marginal Standing Facility (MSF) is a monetary policy tool used by central banks, particularly in India, to manage short-term liquidity in the banking system. The MSF was introduced by the Reserve Bank of India (RBI) in...

Statutory Liquidity Ratio (SLR), Definition, Objective, Impact

Statutory Liquidity Ratio The Statutory Liquidity Ratio (SLR) is a regulatory requirement imposed on commercial banks by the central bank or monetary authority of a country. It refers to the proportion of a bank's net demand and time liabilities (NDTL)...

Urban Cooperative Banks in India, Functions, Challenges

Urban Cooperative Banks Urban Cooperative Banks (UCBs) are financial institutions that operate in urban and semi-urban areas in India. They are registered under the Cooperative Societies Act and function as cooperative entities owned and operated by their members. UCBs provide...

Cash Reserve Ratio, Definition, Rate, Formula, Importance

Cash Reserve Ratio The Cash Reserve Ratio (CRR) is a monetary policy tool used by central banks to regulate the amount of cash commercial banks are required to hold as a percentage of their total deposits. It is a crucial...

Demonetisation 2.0, Reason, Declining Circulation & Clean Note Policy

Demonetisation 2.0 The Reserve Bank of India (RBI) has made a momentous decision to stop issuing banknotes with the denomination of 2000 and it is also being said as Demonetisation 2.0. These notes will no longer be printed, although they...

Private Sector Banks in India, Functions, Advantages, Disadvantages

Private Sector Banks Private Sector Banks are financial institutions that are owned and operated by private individuals or corporations, rather than the government. These banks operate with the objective of making profits for their shareholders. Private Sector Banks play a...