Indian banking is a unique example of harmonious blend of commercial banking with social banking. Bank credit has an immense role in the development of the economy. Besides economic growth, it should also lead to removal of poverty and equitable distribution of income. Several Committees have looked into the aspect of rural credit and priority sector credit in India.
And in times of great change, they must be adapted in order to keep pace with evolution. 2. Earnings, business models and the future of banks In the past few weeks, there has been much speculation about the future of European and German banks. Are banks still stable? Do they earn enough money? Must banks undergo a radical change? Are there too many banks?