Role Of Farmers Organization In Agricultural Innovation System

In this essay, the author

• Explains that the indian banking system was established with the introduction of its first bank in 1786.
• Explains that the government undertook a large number of reform activities in the banking sector. the imperial bank of india was nationalised in 1955.
• Opines that there has been immense growth in the banking domain over the years, and they have become self-reliant.

• Explains that the indian banking system was established with the introduction of its first bank in 1786.
• Explains that the government undertook a large number of reform activities in the banking sector. the imperial bank of india was nationalised in 1955.
• Opines that there has been immense growth in the banking domain over the years, and they have become self-reliant.
• Explains that heavy build up of competition has led banks to take on augmenting risks.
• Explains that banking is a field where the employees are transferred regularly. it has been found that employees who have freshly graduated tend to quit within one year.
• Opines that banks must also grow with technology. the most challenging part a bank faces is to adopt new technology, as they compete with each other to improve their technological status.
• Explains that banks collect deposits from the public, which are repayable on demand, and give out short-term loans for trade, commerce and industry. they have a large number of branches across the nation.
• Explains that these banks specify in foreign exchange transactions and are specialists in providing finance for foreign trade.
• Explains that these banks encourage savings among the general public and channelize the widely spread savings of the nation into one common pool.
• Explains that the central bank of india is the reserve bank, which is responsible for regulating and supervising the banking industry and come up with monetary and credit policies.
• Explains that the international bank for reconstruction and development (ibrd) provides member countries with financial assistance.
• Describes the types of banks where the ownership and control lies with the government.
• Explains that they are banks where ownership and control lies with private individuals or corporate and not with the government.
• Explains that any bank registered in india is a domestic bank. a banking company registered as an indian bank is one.
• Explains that any bank that is registered and has its head office in a foreign country is called foreign bank.
• Explains that banks where their name appears in the second schedule of the rbi are called scheduled banks.
• Explains non-scheduled banks are banks where their name does not appear in the second schedule of the rbi.
• Explains that banks, which have received licence from the rbi as per the banking regulation act 1949 are called licensed banks.
• Explains that non-licensed banks are those that haven't received rbi's licence.
• Explains that micro-small and medium enterprises drive the growth story of any economy. they play a key role in attaining various socio-economic aims, in terms of employment generation, adding to national output and exports.
• Describes the methods and techniques of credit appraisal at bank of india in order to assess the loan proposal specifically of the msme sector.
• Explains that appraisal is the process of decision making through a proper structured framework using analytical tools to sanction loans. it is done to ensure the future action of repayment by the borrower.
• Explains that the main source of revenue generation in the banking industry is through credit or loan. earnings of the bank are based on excess after all costs are met, which include resources, administrative costs and intangible costs in terms of risks.
• Explains that a loan has to be approved by the sanctioning authority of the bank. it must be viable in terms of purpose and comfort level.
• Explains that banks were risk averse and didn't want to lend to msmes at the time of the industrial revolution.
• Explains that liberalisation, privatisation and globalisation brought in competition, technological advancement, international standards, and policy changes, thereby bringing more borrowers in the picture.
• Explains how to evaluate risks such as management, financial and market-industry risks that is important in sanctioning a loan to an msme.
• Explains that credit appraisal is done for funded and non-funded facilities as well as the evaluation of credit risk with the use of given credit rating.
• Explains the primary source of primary data is the chief manager and the credit manager.
• Explains that credit appraisal is a vast field hence not all areas are covered in the study. concentration is given only to the msme sector.
• Explains that the officers of the bank were busy at their job, so it was difficult to actually find time to dwell into the details of all aspects of study.
• Explains that the borrower fills an application form for loan, and the bank gets the required credit information from the borrowers.
• Opines that all inquiries from the concerned officials are critical, especially to keep to the regulatory guidelines prescribed by the rbi.
• Opines that the banks should ensure the authenticity and bona fide of all documents, deed titles, financial statements, return statements and income statements in connection with credit proposals.
• Opines that the feasibility of the loan's purpose is an important aspect while appraising it.
• Explains that the borrowers' character is the next important criteria to be analysed and also the ability to repay back the loan.
• Explains that it is important to have credit worthiness, even if the proposal is financially and economically strong.
• Explains that appraisal notes are prepared and sent to the regional hub and the national hub for further scrutiny.
• Explains that credit information from cibil, experian, equifax, and other credit hubs of good repute will be got before processing the proposal.
• Explains that the business of banking is as old as money. rich merchants gave loans on grains to farmers and traders who traded their goods between cities.
• Explains that the general bank of india was established in 1786 to meet the banking needs in india.
• Explains that a committee was set up in 1991 under the leadership of mr. m narasimha to liberalize banking practices. with advancement in technology and communication, indian banking system has seen the growth of phone banking and net.
• Explains that the bank of india was formed by a diverse group of hindus, muslims, parsees and jews to meet the needs of indians at large.
• Explains that micro, small and medium enterprises are defined as enterprises engaged in the manufacture or production, processing or preservation of goods.