Economy Pillar 1B1: Banks, NBFCs & RBI Portals | UPSC Prelims 2026-27 (PCB14)

In this session on Pillar 1B1, we navigate the extensive classification of Financial Intermediaries. As UPSC trends shift towards asking specific "Banking GK," this video covers the essential facts regarding Banks, NBFCs, and the regulatory landscape. In this video (Pillar 1B1 Highlights): • RBI Ecosystem: Functions of the Reserve Bank, the Central Board composition, and a look at critical new portals like UDGAM (Unclaimed Deposits), PRAVAAH (Licensing), and MuleHunter AI. • Banking Evolution: From the Nationalization of 1969 to the recent mega-merger of PSBs (10 banks into 4 anchors) and the "On-Tap" licensing regime for private banks. • Differential Banks: The difference between Universal Banks and Differential Banks (RRBs, LABs). A deep dive into Small Finance Banks (SFB) vs. Payment Banks, including the specific reasons behind the RBI's action against Paytm Payments Bank in 2024. • Cooperative Banking: The dual regulation issues, the new NUCFDC (Umbrella organization), and the Banking Regulation (Amendment) Act 2020 which brought Urban Co-op banks under RBI's direct supervision. • DFIs & AIFIs: Understanding the role of NaBFID (the 5th AIFI), NABARD, SIDBI, and NHB. • NBFCs & FinTech: Classification of NBFCs (Investment & Credit, P2P Lending, Account Aggregators), the role of Self-Regulatory Organizations (SROs), and the regulation of Digital Lenders. #UPSC2026 #BankingAwareness #Economy #MrunalPatel #PCB14 #NBFC #RBI #Paytm #NaBFID #UPSCPreparation #Prelims2027