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Role of Banking - Emerging Trends in Rural Banking
1951-52 — Institution / Initiative / Purpose?
Institution / Initiative: All-India Rural Credit Survey; Purpose: First nationwide rural-credit baseline.
1955 — Institution / Initiative / Purpose?
Institution / Initiative: SBI Act — State Bank of India formed; Purpose: Extension of banking facilities, particularly in rural and semi-urban areas.
1969 — Institution / Initiative / Purpose?
Institution / Initiative: First Bank Nationalisation — 14 major commercial banks; Purpose: "Control of the commanding heights of the economy"; rural focus.
1975 — Institution / Initiative / Purpose?
Institution / Initiative: Regional Rural Banks (RRBs) — Narasimham Committee; Purpose: Equity by Centre (50%) + Sponsor Bank (35%) + State Govt (15%).
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