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Mizoram Rural Bank
Mizoram Rural Bank (MRB) is a Regional Rural Bank in Mizoram sponsored by State Bank of India.It is under the ownership of Ministry of Finance, Government of India. History It was established on 27 September 1983 under the Regional Rural Bank Act, 1976 and is the only Bank having presence in all districts of Mizoram. Mizoram Rural Bank started using core banking only in February 2011. Operation Mizoram Rural bank has 100 branches, covering all the 11 districts and 26 RD blocks. The Bank is headquartered in Aizawl. See also * Banking in India * List of banks in India * Reserve Bank of India * Regional Rural Bank * Indian Financial System Code * List of largest banks * List of companies of India * Make in India is an initiative by the Government of India to create and encourage companies to develop, manufacture and assemble products in India and incentivize dedicated investments into manufacturing. The policy approach was to create a conducive envi ... References ...
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Banking In India
Modern banking in India originated in the mid of 18th century. Among the first banks were the Bank of Hindustan, which was established in 1770 and liquidated in 1829–32; and the General Bank of India, established in 1786 but failed in 1791. The largest and the oldest bank which is still in existence is the State Bank of India (SBI). It originated and started working as the Bank of Calcutta in mid-June 1806. In 1809, it was renamed as the Bank of Bengal. This was one of the three banks founded by a presidency government, the other two were the Bank of Bombay in 1840 and the Bank of Madras in 1843. The three banks were merged in 1921 to form the Imperial Bank of India, which upon India's independence, became the State Bank of India in 1955. For many years, the presidency banks had acted as quasi-central banks, as did their successors, until the Reserve Bank of India was established in 1935, under the Reserve Bank of India Act, 1934. In 1960, the State Banks of India ...
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1983 Establishments In Mizoram
1983 saw both the official beginning of the Internet and the first mobile cellular telephone call. Events January * January 1 – The migration of the ARPANET to TCP/IP is officially completed (this is considered to be the beginning of the true Internet). * January 6 – Pope John Paul II appoints a bishop over the Czechoslovak exile community, which the ''Rudé právo'' newspaper calls a "provocation." This begins a year-long disagreement between the Czechoslovak Socialist Republic and the Vatican, leading to the eventual restoration of diplomatic relations between the two states. * January 14 – The head of Bangladesh's military dictatorship, Hussain Muhammad Ershad, announces his intentions to "turn Bangladesh into an Islamic state." * January 18 – U.S. Secretary of the Interior James G. Watt makes controversial remarks blaming poor living conditions on Native American reservations on "the failures of socialism." Watt will eventually resign in September after a series o ...
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Companies Based In Mizoram
A company, abbreviated as co., is a legal entity representing an association of legal people, whether natural, juridical or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals. Over time, companies have evolved to have the following features: "separate legal personality, limited liability, transferable shares, investor ownership, and a managerial hierarchy". The company, as an entity, was created by the state which granted the privilege of incorporation. Companies take various forms, such as: * voluntary associations, which may include nonprofit organizations * business entities, whose aim is to generate sales, revenue, and profit * financial entities and banks * programs or educational institutions A company can be created as a legal person so that the company itself has limited liability as members perform or fail to discharge their duties according to the publicly declared incorporation pu ...
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Regional Rural Banks Of India
In geography, regions, otherwise referred to as areas, zones, lands or territories, are portions of the Earth's surface that are broadly divided by physical characteristics (physical geography), human impact characteristics (human geography), and the interaction of humanity and the environment ( environmental geography). Geographic regions and sub-regions are mostly described by their imprecisely defined, and sometimes transitory boundaries, except in human geography, where jurisdiction areas such as national borders are defined in law. More confined or well bounded portions are called ''locations'' or ''places''. Apart from the global continental regions, there are also hydrospheric and atmospheric regions that cover the oceans, and discrete climates above the land and water masses of the planet. The land and water global regions are divided into subregions geographically bounded by large geological features that influence large-scale ecologies, such as plains and features. As a ...
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Make In India
is an initiative by the Government of India to create and encourage companies to develop, manufacture and assemble products in India and incentivize dedicated investments into manufacturing. The policy approach was to create a conducive environment for investments, develop a modern and efficient infrastructure, and open up new sectors for foreign capital. Make in India has been unsuccessful at achieving its stated targets. Under this programme, the share of manufacturing in GDP was projected to reach 25% by 2022. However, the GDP share of manufacturing has actually fallen from 16.7% in 2013–2014 to 15.9% in 2023–2024. History Announced in 2014, "Make in India" had three stated objectives: # to increase the manufacturing sector's growth rate to 12-14% per annum; # to create 100 million additional manufacturing jobs in the economy by 2022; # to ensure that the manufacturing sector's contribution to GDP is increased to 25% by 2022 (later revised to 2025). After the launch ...
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List Of Companies Of India
India is a country in South Asia. It is the List of countries and dependencies by area, seventh-largest country by area, the List of countries and dependencies by population, second-most populous country (with over Demographics of India, 1.4 billion people), and the most populous democracy in the world. The Economy of India, Indian economy is the world's List of countries by GDP (nominal), fifth largest by nominal Gross domestic product, GDP and List of countries by GDP (PPP), third largest by purchasing power parity. Following Economic liberalisation in India, market-based economic reforms in 1991, India became one of the List of countries by real GDP growth rate, fastest-growing major economies and is considered a Newly industrialized country, newly industrialised country. ''For further information on the types of business entities in this country and their abbreviations, see: List of legal entity types by country#India, "Business entities in India".'' Largest firms This ...
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List Of Largest Banks
The following are lists of the largest commercial banks in the world, as measured by total assets and market capitalization. By total assets This list is based on the April 2024 S&P Global Market Intelligence report of the 100 largest banks in the world. The ranking was based upon assets as reported and was not adjusted for different accounting treatments. Another publication which compiles an annual list of the world's largest banks is '' The Banker'' magazine. It publishes a list of the World 1000 Largest Banks every July. The financial data published by the July yearly issue of ''The Banker'' are much more extensive compared to the S&P Top 100 banks, but it is not a publication intended for the general public. Accounting treatment affects the assets reported: for example, the United States uses US GAAP (as opposed to IFRS), which only reports the net derivative In mathematics, the derivative is a fundamental tool that quantifies the sensitivity to change of ...
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Indian Financial System Code
The Indian Financial System Code (IFS Code or IFSC) is an alphanumeric code that facilitates electronic funds transfer in India. A code uniquely identifies each bank branch participating in the three main Payment and settlement systems in India: the National Electronic Funds Transfer (NEFT), Real Time Gross Settlement (RTGS) and Immediate Payment Service (IMPS) systems. Format The IFSC is an 11-character code with the first four alphabetic characters representing the bank name, and the last six characters (usually numeric, but can be alphabetic) representing the branch. The fifth character is 0 (zero) and reserved for future use. Bank IFS Code is used by the NEFT & RTGS systems to route the messages to the destination banks/branches. The format of the IFS Code is shown below. Lists of IFS Codes Bank-wise lists of IFS Codes are available with all the bank-branches participating in inter bank electronic funds transfer. A list of bank-branches participating in NEFT/RTGS and their ...
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Reserve Bank Of India
Reserve Bank of India, abbreviated as RBI, is the central bank of the Republic of India, and regulatory body responsible for regulation of the Indian banking system and Indian rupee, Indian currency. Owned by the Ministry of Finance (India), Ministry of Finance, Government of India, Government of the Republic of India, it is responsible for the control, issue, and maintenance of the supply of the Indian rupee. It also manages the country's main payment systems and works to promote its economic development. The RBI, along with the Indian Banks' Association, established the National Payments Corporation of India to promote and regulate the payment and settlement systems in India. Bharatiya Reserve Bank Note Mudran, Bharatiya Reserve Bank Note Mudran (BRBNM) is a specialised division of RBI through which it prints and mints Indian currency notes (INR) in two of its currency printing presses located in Mysore (Karnataka; Southern India) and Salboni (West Bengal; Eastern India). Depos ...
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List Of Banks In India
This is a list of banks which are considered to be Scheduled Banks under the second schedule of RBI Act, 1934. As of 1st May 2025, India's commercial banking sector consist of 12 public sector banks (PSBs), 21 private sector banks (PVBs), 44 foreign banks (FBs), 11 SFBs, 5 PBs, 28 RRBs, and 2 LABs, 4 Financial Institutions. Out of these 128 commercial banks, 124 are classified as scheduled banks, while four are non-scheduled. Commercials banks Public Sector Banks (PSBs) There are 12 public sector banks in India as of 1st April 2025. Private Sector Banks '' Private sector banks are banks where the majority of the bank's equity is owned by a private company or a group of individuals. They comply with the central bank guidelines yet have a unique financial system.'' There are 21 private banks in India as of 1st April 2025. Regional Rural Banks (RRBs) There are 28 regional rural banks in India as of 1st May 2025. Co-operative banks State Co-operative Banks ...
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