2024, Vol. 5, Issue 1, Part E
Importance of banking sector in Indian agriculture and human life
Author(s): Dr. Pooja Jain
Abstract: The banking industry includes systems of financial institutions called banks that help people store and use their money. Indian banking sector have responsible commitment to straighten the agricultural sector in lending. India growing in population needs more food production even to meet its own demand. It is critical now that agricultural sector has been pushed as secondary sector rather than primary. Banking sector acts as the backbone of modern business. Development of any country mainly depends upon the banking system. A bank is a financial institution which deals with deposits and advances and other related services. It receives money from those who want to save in the form of deposits and it lends money to those who need it. The banking is one of the most essential and important parts of the human life. In current faster lifestyle peoples may not do proper transitions without developing the proper bank network. The banking System in India is dominated by nationalized banks. The performance of the banking sector is more closely linked to the economy than perhaps that of any other sector. The growth of the Indian economy is estimated to have slowed down significantly. The economic slowdown and global developments have affected the banking sectors' performance in India in FY12 resulting in moderate business growth. It has forced banks to consolidate their operations, re-adjust their focus and strive to strengthen their balance sheets. Here researcher's objective is to study the Indian banking sector and performance of Indian banks.
Pages: 353-356 | Views: 154 | Downloads: 79
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How to cite this article:
Dr. Pooja Jain. Importance of banking sector in Indian agriculture and human life. Asian J Manage Commerce 2024;5(1):353-356.
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