History of banking in India and emergence of new generation banks

The existing banking structure in India is elaborate and has been serving the credit and banking services’ needs of the economy. It has now become a core sector of Indian economy. However, it came through a number of evolutionary stages. Banking sector has undergone huge changes to period to period in the world as well as in India. Today people cannot imagine about running of our daily life without banks. How they become the integral part of our life? It is an interesting query that leads us to the origin of the banking. And it is also the tracing of human history and trade to an extent. Evolution of banking habit among people is long backed story. This paper explores the evolution and growth of this flourishing industry from its ancient period to the new generation banks.