Role of Scheduled Commercial Banks & PCA Framework
Scheduled Commercial Banks (SCBs) are pivotal to India’s financial system, combining public, private, foreign, and specialized banks to deliver formal credit, mobilize deposits, and facilitate economic growth under the supervision of the Reserve Bank of India (RBI).
Role of Scheduled Commercial Banks
- Financial Inclusion: Expand banking access, especially in rural and semi-urban areas through large branch and digital networks.
- Credit Distribution: Lend to priority sectors like agriculture, MSMEs, infrastructure, and housing.
- Monetary Policy Transmission: Implement and propagate RBI’s monetary policies, including repo and CRR directives.
- Government Schemes: Channel for PMJDY, MUDRA, and DBT implementation.
- Mobilizing Savings: Collect household and corporate savings, channelizing them into ....
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