Public Sector Banks Role in the Growth of Commercial Banking in India-A Study

Bank is an institution, which processes credit and lending operations, as well as accepting deposits and making advances. It also allows for the issuance of money and facilitates payment processing including automatic payment. It facilitates all forms of electronic banking services internally and externally. As explained in the dictionary, it is described with the terms bank and banking, financial investment that bank company authorized by the state for all financial activities, which include accepting deposits. It also provides the expenditure of funds and the granting of loans. It engages in business investment, advice, and keeping safe deposit boxes. It provides trusteeship, agency, and a number of financial services, which bear the stamp of a bank. The word ‘bank ’is itself a space for the disbursement of funds. The meaning of the word ‘exchange ’in the economy is the swap of the national currency of any other foreign currency or viceversa, and this process is called the exchange rate or currency exchange rate. As a result of conditions and requirements that global economic developments have emerged from the past commercial banks, banker sin Europe and Italy as traders and businessmen have placed their money. And in this way appeared a job placement and it is the function of the bank, where if the applicant wanted to deposit gold in his possession gave it to the jeweller with a receipt as proof. This resulted in accumulation of gold in the coffers of the goldsmith, who has become a lending jeweller with gold in return for interest.