1969 ,,
lead bank scheme was started in 2003 after Rangrajan comitee reportrange
Reserve Bank of India & Indian Banking Association introduced this scheme.
It refers to scheme under which one of the commercial banks act as a lead bank and coordinates the activites of another financial institutions like cooperative banks for efficent functioning and rapid development at district level
It refers to scheme under which ,one of the commercial banks(like SBI,Axis,ICICI) act as a lead bank and coordinates the activities of another financial institutions like cooperatives banks for efficient functioning and rapid development at district level.
Banks in the United States introduced the Know Your Customer Scheme to ensure that only valid customers open accounts with the bank and not people who are terrorists or money launderers. As days passed bye, banks across the globe started implementing the scheme to protect their banking services brand as well as to protect the country where they are working.
Reserve bank of India
RBI
The bank also operates a small unfunded pension scheme.
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idbi
Awadh Bihari Prasad Singh has written: 'Lead bank scheme' -- subject(s): Banks and banking
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