‘A Study of Selected Private and Public Sector Banks in India with regards to Advances to Loan Funds

Author Reg. ID: TIJER_151407

Published Paper Id: TIJER2403025

Published In: Volume 11 Issue 3, March-2024

DOI: http://doi.one/10.1729/Journal.38367

Abstract: Banking system occupies very important role in the economy of a nation. In fact, banking system of any country is the life blood of the economy. A banking institution is indispensable in the modern society. It plays important role in the economic development of a country and forms the core of the money market for the country. The banking sector performs three primary functions in an economy; firstly, the operation of the payment system, secondly, the mobilization of savings and finally, the allocation of savings to investment projects. The banking system that constitutes the core of the financial sector plays a critical role in transmitting monetary policy impulses to the entire economic system. An efficient banking structure can enhance greater amount of investment which can further help to achieve a faster growth rate of economy. Worldwide experience confirms that countries with well-developed and market oriented free banking system grow faster and very consistently.

Keywords: ‘A Study of Selected Private and Public Sector Banks in India with regards to Advances to Loan Funds

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Page No: a177-a186

Country: -, -, India

Research Area: Science and Technology

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