Page 1 Lecture 5 Banking Sector Prelims 2020 Crash Course Capstone IAS Learning Page 2 Lecture 5 Banking Sector Prelims 2020 Crash Course Capstone IAS Learning What will we cover The concept of banking Brief history of banking in India Types of Banks in India Various important terms associated with banking in India. Shadow Banks/NBFCs Banking Sector Reforms Page 3 Lecture 5 Banking Sector Prelims 2020 Crash Course Capstone IAS Learning What will we cover The concept of banking Brief history of banking in India Types of Banks in India Various important terms associated with banking in India. Shadow Banks/NBFCs Banking Sector Reforms Financial Intermediation Banks Surplus Deficit 4% 6% Spread = 2% Apart from banks NBFCs also take part in financial intermediation. Savings Investment Liabilities Assets Page 4 Lecture 5 Banking Sector Prelims 2020 Crash Course Capstone IAS Learning What will we cover The concept of banking Brief history of banking in India Types of Banks in India Various important terms associated with banking in India. Shadow Banks/NBFCs Banking Sector Reforms Financial Intermediation Banks Surplus Deficit 4% 6% Spread = 2% Apart from banks NBFCs also take part in financial intermediation. Savings Investment Liabilities Assets A bank is a financial institution which performs the deposit and lending function. A bank acts as an intermediary between the saver and the borrower/investor, and that is why banks are called financial intermediaries. The banking sector has 3 major functions: - Mobilisation of savings - Allocation of savings to investment - Operation of payment system Page 5 Lecture 5 Banking Sector Prelims 2020 Crash Course Capstone IAS Learning What will we cover The concept of banking Brief history of banking in India Types of Banks in India Various important terms associated with banking in India. Shadow Banks/NBFCs Banking Sector Reforms Financial Intermediation Banks Surplus Deficit 4% 6% Spread = 2% Apart from banks NBFCs also take part in financial intermediation. Savings Investment Liabilities Assets A bank is a financial institution which performs the deposit and lending function. A bank acts as an intermediary between the saver and the borrower/investor, and that is why banks are called financial intermediaries. The banking sector has 3 major functions: - Mobilisation of savings - Allocation of savings to investment - Operation of payment system Functions of Banks Primary Functions Secondary Functions Granting Advances Accepting Deposits Agency Functions Utility Functions Fund transfer Cheque collection Portfolio management Etc. Lockers Utility bills Social welfare Programmes Etc.Read More
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