Volume : VIII, Issue : VI, June - 2018

Major role and responsibilities of Banks in India

Dr. M. Somasundaram

Abstract :

Banks always play very important role for the economy growth in our country. They play a decisive role in the development of the industry and trade.  The general role of banks is to provide financial services to the peoples for their various purpose including business.  Bank in India comprises public sector banks, private banks, foreign banks, regional rural banks and cooperative banks. They are mobilizing term deposits from the customers. Most of the banks have got specialized units in their administrative structure to take care of the financial needs of the small scale industrial units.  The objective of the study for knowing banks role and responsibilities in India.

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Article: Download PDF   DOI : 10.36106/ijar  

Cite This Article:

Dr.M.Somasundaram, Major role and responsibilities of Banks in India, INDIAN JOURNAL OF APPLIED RESEARCH : Volume-8 | Issue-6 | June-2018

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