Tag Archives: bank

Bank failures in India

A recent press report said that an average 40 banks failed in India during each year between 1947 and 1955. Reports said that in the year 1951, there were 566 private commercial banks in India with 4,151 branches. Bank failures in India were out of control before Independence in the absence of comprehensive banking legislation… Read More »

SIDBI Direct Credit Schemes for MSE

SIDBI is the principal financial institution for the promotion, financing and development of industry in the small scale sector. The Small Industries Development Bank of India provides direct credit schemes for Medium Sector Enterprises Details of the loans Who is eligible for the loans? New or existing medium sector enterprises, & Service sector units with… Read More »

Aryavart Gramin Bank – Scheme of Agriculture Graduates for Establishing Agri Clinics and Agri Business

Aryavart Gramin Bank, a Regional Rural Bank, was constituted on 3rd October 2006 after amalgamation of three Regional Rural Banks (RRBs) namely Avadh Gramin Bank, Barabanki Gramin Bank and Farrukhabad Gramin Bank as per Government of India notification no. F.No.1/4/2006-RRB dated 03-10-2006. The Aryavart Gramin Bank, henceforth mentioned as the Bank, has 306 branches, six… Read More »