The Indian banking system

The Indian banking system is one of the largest and most complex in the world. It comprises a wide range of institutions, including commercial banks, cooperative banks, regional rural banks, and foreign banks. The system is regulated by the Reserve Bank of India (RBI), which is the central bank of India.

The Indian banking system plays a vital role in the country's economy. It mobilizes savings from the public and lends them to businesses and individuals for investment and consumption. The banking system also plays a key role in facilitating trade and commerce.

The Indian banking system has undergone significant reforms in recent years. These reforms have made the system more efficient and competitive. The reforms have also led to increased access to banking services for the public.