 Financial Services is a term used to refer to

the services provided by the finance market.

 These are service or product of a financial
nature that is the area under discussion to,
or is governed by a measure maintained by a
Party or by a public body that exercises
regulatory or supervisory authority delegated
by law.
 Financial regulation is a form of regulation or
supervision, which subjects financial
institutions to certain requirements,
restrictions and guidelines, aiming to
maintain the integrity of the financial system.
This may be handled by either a government
or non-government organization. Financial
regulation has also influenced the structure
of banking sectors by increasing the variety
of financial products available
 NABARD came into existence on 12 July 1982
by transferring the agricultural credit
functions of RBI and refinance functions of
the then Agricultural Refinance and
Development Corporation (ARDC). It was
dedicated to the service of the nation by the
late Prime Minister Smt. Indira Gandhi on 05
November 1982.
 Let us take a look at some of the main functions of
this organisation. It basically performs three kinds
of roles, i.e. credit functions, development
functions, and supervisory functions.
 Frames the policy for rural credit in the country for
all financing institutions
 National Bank for Agriculture and Rural
Development will itself provide finance and
refinancing facilities to the banks and rural
regional banks
 Identification of credit potential and preparation of
the credit plans for all districts
 It also helps all regional banks and institutes under
its governance with the preparation of their own
credit plans and policies
 Helps Regional Rural Banks establish an agreement
with State Governments and other Co-op Banks
and institutions
 It will also monitor the implementation of such
plans and track their progress
 Helps banks improve their MIS system, modernize
their technology, develop human resources etc
 As per the Banking Regulation Act 1949, NABARD
has to conduct the inspection of Regional Rural
Banks and other Co-op banks
 It communicates and consults the RBI in matters
such as issuing of licenses for new banks, the
opening of branches of Rural Banks etc.