-Indian banking sector is broadly classified into scheduled banks and non-scheduled banks. -The scheduled banks are those which are included under the 2nd Schedule of the Reserve Bank of India Act, 1934. -The scheduled banks are further classified into: nationalised banks; State Bank of India and its associates; Regional Rural Banks (RRBs); foreign banks; and other Indian private sector ba...

-RBI was formed on the recommendations of the 1926 Royal Commission on Indian Currency and Finance, also known as the Hilton–Young Commission. -It established on 1st April 1935 in accordance with the provisions of the Reserve Bank of India Act, 1934. -Indian Government nationalised RBI in 1949. -RBI first Governor was - Sir Osborne Smith -RBI first Indian Governor was - C.D. D...

-First Bank of India: Bank Of Hindustan, Established in 1770 by Britishers with British Capital, without any involvement of India. -First Bank established by India: Awadh Commercial Bank in 1881, Indian and Britishers capital were included in this bank -First Bank established by Indian only: PNB (Punjab National Bank) in 1894 - Other major banks in India were: 1. Bank Of Bengal in 18...

Ministry of MSME Govt.of India has introduced SFURTI (Scheme of Fund for Regeneration of Traditional Industries) programme all over India to generate employment in rural areas. The main object of scheme is to provide employment to rural artisans and train up the rural citizens who have engaged in, to improve their economic conditions with the help of SFURTI programme. In view of the regene...