Indian banking

Indian banking is a system that provides financial services such as savings accounts, loans, and payments to individuals and businesses. It is dominated by the Reserve Bank of India (RBI), which regulates and oversees banks to ensure financial stability and trust. Banks in India include public sector banks, private banks, and foreign banks, each serving different customer needs. They facilitate economic activities by channeling money for investments, supporting trade, and helping people manage their money. The system is evolving with digital banking, enabling customers to perform transactions online securely and conveniently.