Introduction: The Indian economy has benefited greatly from the evolution of the banking sector. The history of banking begins in the ancient world. What began as a straightforward barter system and gift economy has evolved into an internet-based, technology-driven, globalised banking system.
theIASHub | 04 Aug, 2023
Introduction: The Indian economy has benefited greatly from the evolution of the banking sector. The history of banking begins in the ancient world. What began as a straightforward barter system and gift economy has evolved into an internet-based, technology-driven, globalised banking system.
Recent developments in Banking sector-
Functions of the Banking Sector:
The banking sector is an essential part of every country’s financial system. It affects the country’s economy by providing credit, infrastructure, and investment.
Indian banking has a big role in the growth of the economy of India. Every country’s economy lies in the banking system. When the bank functions well, only then it benefits in nation-building.
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