International Journal of Science and Research (IJSR)

International Journal of Science and Research (IJSR)
www.ijsr.net | Most Trusted Research Journal Since Year 2012

ISSN: 2319-7064

Top

A bank is a financial institution that provides banking and other financial services to their customers. A bank is generally understood as an institution which provides fundamental banking services such as accepting deposits and providing loans. There are also non- banking institutions which provide certain banking services without meeting the legal definition of a banks are a subset of the financial services industry. A banking system is also referred to as a system provided by the bank which offers cash management, services for customers, reporting the transactions of their accounts and portfolios throughout the day. Indian banking system for the past three decades has several outstanding achievement to its credit. The most striking is its extensive reach. It is no longer confined to only metropolitans or cosmopolitans in India. In fact, Indian banking system has reached even to the remote corners of the country. This is one of the main reasons for Indias growth process. The banks are the main participants of the financial system in India.