Information technology has had a great impact on the indian banking system the use of computers led to the introduction of online banking in india the use of computers in the banking sector increased many fold after the economic liberalisation of 1991 as the countrys banking sector has been exposed to the worlds market indian banks were . Chapter 1 an introduction to indian banking system introduction the banking sector is the lifeline of any modern economy it is one of the important financial pillars of the financial sector which plays a vital role in the functioning of an economy it is very important for economic development of a country that its financing requirements of trade industry and agriculture are met with . Chapter 1 introduction of banking industry introduction origin of the world bank meaning of bank definition of bank history of bank history of banking in india ancient india mughal period british period 1 banking after independence in india first phase 1948 1969 second phase 1969 1990 third phase 1991 2002 2 banking sector reforms in india phase i reforms phase ii reforms types of banks . Banking in india has been a backbone to so many businesses in the past as well as in the present times there were many banks which during this time different types of banks are central banks commercial banks investment banks cooperative banks postal banks. Commercial banking introduction commercial banks are type of financial institutions that lends money and provides transactional savings and money market accounts and that accepts time deposits commercial banking play very important role in economy by mobilizing savings from various sectors 19 indian banking system 20
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