Indian banking sector

The Indian banking sector is a vital part of the economy, comprising a mix of public sector banks (owned by the government), private sector banks, and foreign banks. It provides essential services like savings and checking accounts, loans, and investments, helping individuals and businesses manage money and grow. Banks play a key role in financial stability, economic development, and implementing government schemes. The sector has modernized with digital banking, improving access and convenience. Despite challenges like non-performing assets, the banking system remains a crucial engine for India's growth and financial inclusion.