THE BANKING INDUSTRY OF INDIA

Abstract

Finance and Banking is the life and blood of trade, commerce and industry. Nowadays banking sector acts as the backbone of modern business. Development of any country mainly depends upon the banking system. A bank is a financial institution which deals with deposits, advances and other kinds of financial services. It receives money from those who wants to save in the form of deposits and it lends money to those who needs it. Banking is the one of the most essential and important part of our life in todays world. The banking system in India is dominated by nationalized banks. The performance of banking sector is more closely linked to the economy than perhaps that of any other sector.