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What are the point wise functions of a Rural Bank?
The goals of Rural Banks are to provide banking services to the rural/village population of India. Gramya banks or Grameen banks are banks in India that provide banking services for the rural population in India. There are a total of 32 Grameen banks in India.Some disadvantages of rural banking are:Profits are much lesserRevenues are much lesserNumber of customers are lesserThe types of services provided are much lesserAll these are with respect to banking services provided by banks in cities.
What are the main functions of nationalised banks?
The functions of nationalized and private banks don't differ much. Except for the fact that nationalized banks are owned by the government, they do exactly the same thing private banks do. One difference I can think of is that, they operate in rural areas where private banks don't see any profitability to operate. They may help provide financial services to rural people.
How much is the initial deposit of a savings account?
It depends on the bank and the types of facilities offered by your banker. Government banks in India require a minimum balance of Rs. 500 for normal accounts and Rs. 1000/- for accounts with cheque book and ATM card. Private banks require a minimum quarterly average balance of Rs. 2500 or above
Why do banks charge so much fees?
In India, Pricing of a product and seriveces depends on so many factors. In fact, Unions have no place here. The pricing is the prerogarative of the bank management. They fix the price of a product considering the profit of the bank, the demand for the product, total cost spent for the product, the demand and supply position in the market, competition from the competiting banks, etc. That is why it appears to be high for common customers. But compared to Foreign banks operating in India, the cost of products as well as services, in most cases, are really reasonable and cheaper. In addition to this, banks in India have a touch of congeniality in theri service and as many survey results have indicated, their services can really match with those of foreign banks operating in India.In fact, if one can say the Indian banks serve their customers with head and heart, with a lot of compassion and dedication.M.J. SUBRAMANYAM, BANGALORE, INDIA
What companies offer private loans?
Places like RBS and Wonga offer private loans, usually unsecured. Banks are generally much more secure provided you have a viable and reliable financial history.
How much percentage of the total time deposits of the banks is locked as statutory liquidity reserve in India?
10%
What are the point wise functions of a Rural Bank?
The goals of Rural Banks are to provide banking services to the rural/village population of India. Gramya banks or Grameen banks are banks in India that provide banking services for the rural population in India. There are a total of 32 Grameen banks in India.Some disadvantages of rural banking are:Profits are much lesserRevenues are much lesserNumber of customers are lesserThe types of services provided are much lesserAll these are with respect to banking services provided by banks in cities.
How much amount deposited in banks in India?
4000
What are the main functions of nationalised banks?
The functions of nationalized and private banks don't differ much. Except for the fact that nationalized banks are owned by the government, they do exactly the same thing private banks do. One difference I can think of is that, they operate in rural areas where private banks don't see any profitability to operate. They may help provide financial services to rural people.
How much foreign bank in India and give the name?
Foreign banks operate in India, just the way the local banks do. They are bound by all the rules and regulations that are applicable to banks based out of India and they are governed by the Reserve Bank of India that controls/governs all banks operating in India. Some of the foreign banks that operate in India are: 1. Citibank 2. HSBC 3. Standard Chartered 4. Barclays 5. Bank of America 6. Credit Suisse 7. Etc.
How much does MMR vaccine cost in India?
rs 400 in Delhi in private
How much total black money in India?
there are 1,456billion$ black money in India
Where can I find private loans at?
Private Loans can be obtained through financial institutes, such as banks or credit unions. Private loans are really popular because they give the person the money they need pretty much on the spot, without much of a hold time.
How much percent of land is there in India?
India contains 16% of the worlds total water supply.
How much is the initial deposit of a savings account?
It depends on the bank and the types of facilities offered by your banker. Government banks in India require a minimum balance of Rs. 500 for normal accounts and Rs. 1000/- for accounts with cheque book and ATM card. Private banks require a minimum quarterly average balance of Rs. 2500 or above
Who is richer India or China?
India is the best in the world China has a much larger GDP and money in total.
How much does India earn in a year?
The total revenue of India was estimated at $181.3 billion billion in 2013.
