Law And Practice Of Banking

Ancillary functions of banks include services provided in addition to their primary functions.
Foreign Exchange is an ancillary function, involving currency conversion and international trade facilitation.
Credit Creation, Demand Deposits, and Lending of Funds are primary banking functions.

The Lead Bank Scheme, introduced by the RBI in 1969, primarily focuses on the following:
Coordination: Between banks and developmental agencies.
Priority Sector Lending: Ensuring adequate flow of credit to agriculture and rural development.
Rural Development: Promoting banks' role in rural economic growth.
Financial inclusion is a separate initiative under other RBI programs, such as the Jan Dhan Yojana.