Socio-Economic Implications from Indian ‘Banking’: An Empirical Appraisal Study

The ‘bank’ and hence ‘banking’ is one of the greatest inventions in human civilization that accelerates socio-economic growth through regular developmental process. ‘Banking’ in itself acts as a dynamic developmental instrument for the development. This banking process considers several reforms including recent implementations. It is well known that continuous reforms and their evaluations are necessary for developing countries where their people need regular and upgraded policy injections. In this spirit, reforms have several eye-catching stuffs from the bank-nationalization in 1969 to its recent liberalization, privatization, and globalization. There is no doubt that this service sector has been providing better quality of services. In tune with its social responsibility the banking sector is selected to provide best quality of services as ultimately, banking is for everyone in the society. This will be the added advantage to the banking system where its professional standard withstands.