CHAPTER 1INTRODUCTION TO BANKING SYSTEM
“Accepting for the purpose of lending or investment of deposits of moneyfrom public, repayable on demand in the form of cheques, drafts or orders.”Today banks have become a part and parcel of our life. There was a time whenthe dwellers of the city alone could enjoy their services. Now banks offer access to every common man and their activities extendto areas hitherto untouched. Apart from their traditional business orientedfunctions, they have now come out to fulfill national responsibilities.
INDIAN BANKING SYSTEM:
Banking system plays a vital role in the economic development of acountry. The structure of the banking system in India consists of two parts:
Organized sector The unorganized sector comprises money lenders and indigenous bankers. Theorganized sector consists of Commercial banks, Co-operative banks andRegional rural banks.