Published 2025-10-15
Keywords
- Banking System, RBI, Economic Development, Consumers, Grievance Redressal System
This work is licensed under a Creative Commons Attribution 4.0 International License.
Abstract
The Banking system of India plays a very significant role in developing the India’s Financial system and social development. This research study examines the basic structure, functions, and multifaceted offerings of banking system regarding economic and social values in India. It illustrative and scientific perspective to know on how banks works with capital formations , promote financial inclusions, and support government rules and policies, and also strengthen the overall quality of life for citizens. The study also underlines the central initiatives such as inclusive finance schemes, digital banking innovations that have expanded the accessibility to customers. It also recognizes consistent challenges, varying from non-performing assets, economic literacy, and digital divides. The research concludes that since the banking system has been important factor contributing to all these development in our society, the technologies also plays an important role in transforming the society in a rapidly evolving economy.