BANKING SYSTEM IN INDIA – EVOLUTION AND RECENT CHANGES

Banks are the major source of finance for any country like wise in India we find that Reserve Bank of India is the main bank which control the monetary supply in the country further banks also provide major source of assistance at the time of crisis. As we all know that Banks act as the backbone of the financial pillar of every country and so it is important to understand the evolution of banking, how the banking industry took place as emergence?, what was the need to introduce banks in the country?, How the banks developed in recent times? What all policies has been implemented for the stronger and transparent functioning of the bank?, we will have the answers to all these questions in this research paper. This research paper will provide the readers a gist of the Indian banking system. There will also study the vast changes which took place overtime in the banking industry as well as we will also get to know what will be the future of banking look like. So it is important to study the banking industry to evaluate ourselves with the trends and changes in the banking industry.