Volume : VIII, Issue : II, February - 2019

ROLE OF INDIAN BANKING IN ECONOMIC DEVELOPMENT

G. A. Hema.

Abstract :

BANKING Sector plays an important role in every country for their economic growth as well as currency factor. Commercial banks mobilize savings of general public and make them available to large and small industrial and trading units mainly for working capital requirements. At the apex is the State Co-operative Bank (SCB) (cooperation being a state subject in India), at the intermediate (district) level are the Central Cooperative Banks (CCBs) and at the village level are Primary Agricultural Credit Societies (PACs). Capital formation, involves making of more capital goods such as machines, tools, factories, transport equipment, materials, electricity, etc., which are all used for future production of goods.

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Article: Download PDF    DOI : https://www.doi.org/10.36106/gjra  

Cite This Article:

ROLE OF INDIAN BANKING IN ECONOMIC DEVELOPMENT, G.A.HEMA. GLOBAL JOURNAL FOR RESEARCH ANALYSIS : Volume-8 | Issue-2 | February-2019

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