Year: 2025
Type: article
Abstract: The banking system is made up of financial institutions like credit unions and banks that provide a variety of financial services to individuals, companies, and governmental entities. The main functions of these services are deposit taking, loan disbursement, transaction processing, and provision of various financial goods, including credit cards, loans, and savings accounts. Because it makes it easier for money to move around and supports economic activity, banking is important to the economy. Banking has an indirect or direct impact on every person's daily life as well as the trade of a nation. This economic sector handles cash, credit, and other financial transactions. The most significant financial institution for a country's economy or for extending credit to its customers is the commercial bank. Every business deal that takes place in India, including cash withdrawals, payments, investments, etc. are managed by a financial establishment. Keywords : SBI, Financial services, performance, banking, deposits
DOI: 10.55041/ijsrem44140
Author: Mr. Yuvaraj K
Language: English
Subfield: Accounting
Domain: Social Sciences
Open Access status: bronze
OpenAlex ID: W4409292866