Question

Question 25: A Banking system
where business is carried on by a
bank through network of branches
spreaded through the country is
known as​

Answer 1

Answer:

The existing banking structure in India evolved over several decades, is elaborate and has been serving the credit and banking services needs of the economy. There are multiple layers in today’s banking structure to cater to the specific and varied requirements of different customers and borrowers. The structure of banking in India played a major role in the mobilization of savings and promoting economic development. In the post-financial sector reforms (1991) phase, the performance and strength of the banking structure improved perceptibly. Financial soundness of the Indian commercial banking system compares favorably with most of the advanced and emerging countries.

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