Role of Commercial Banks in Socio Economic Development – A Case Study of SBI | Original Article
Commercial banking is the most important part of modern banking set up. These days, the function of commercial banks is confined not only to advancing loans to the public and accepting their deposits, their contribution in accelerating the rate of economic development in underdeveloped and developing countries like. India is very important. Also banking is highly effective and useful in the fulfillment of various socio-economic objectives of the Government. Up to, 1969, the operation and functioning of commercial banks in India was confined only to medium and large sized towns and economically rich people.