Description

Banks used to be businesses that made money by collecting deposits and lending them out for a profit. Now, they are one of the most important factors in the nation's social and economic growth. There have been three times in India's banking history, which can be summed up as commercial, social, and competitive.

Managing the different parts of the Indian economy will be a very important task for commercial banks. They can't afford to ignore any of them or choose to help only a few of them over the rest. The banking services need to think about what the Swadeshi groups need and also pay attention to globalization efforts, which require a balancing act.