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What is Banks about?

The banking industry in India has evolved significantly from merely providing deposit and lending services to prioritizing social responsibility and development, especially in rural areas. After nationalization in 1969, banks focused on serving weaker sections and opening over 40% of branches in rural locations. Various government schemes partnered with banks to provide credit and support development projects, reducing rural indebtedness and improving lives. Now banks play a key role in modernizing agricult

Author

SOUMYA RANJAN BEHERA

Language

EN