After the nationalisation of commercial banks in 1969 and then in 1980, a large number of bank branches have been opened in rural areas. In 1969 there were only 8800 branches of commercial banks out of which only 1400 branches were in rural areas. As on March 2016 figures, total number of commercial bank branches have increased to 1,30,000 out […]

On 8th November, 2016, the day, USA was voting to elect its new president, our own Prime Minister Narendra Modi stunned the nation at around 8.00 pm in the night by announcing that 500 and 1000 rupee notes will cease to be a legal tender wef 12 midnight the same day. This was a big shock for an economy which […]