Any financial institution that aids in the storage, investment, and borrowing of funds is known as a bank. It is crucial to how money moves throughout the economy. Deposits, lending, and investment opportunities are among services that banks offer. There are many different kinds of specialized banks that offer certain services to different sectors of the economy, including enterprises, new businesses, people, and more. The Reserve Bank of India (RBI), the nation's national financial institution, oversees the regulation of banks in India. Every nation has a central bank, such as the Federal Reserve in the United States and the European Central Bank.
Bank Offer, Commercial Banks, Central Bank, Deposits Withdrawn, Economic Growth.
[Dr. Mounica Vallabhaneni (2022) Application and Classification of Banking] (ISSN 2347 - 5552). www.ijircst.org
Dr. Mounica Vallabhaneni
Assistant Professor, Department of Commerce And Economics, Presidency University, Bangalore, India,
Email Id-mounicav@presidencyuniversity.in