Banks In India
Banks are not only deposition boxes but act as catalyst in flow of money like investments, loans etc so that the economical cycle is maintained.In India, the hierarchy of banks is topped by Reserve Bank of India, cares all the international deals and also acts as watchdog in the financial policy of the nation. Later is State Bank of India, whose outlets are in almost every state, where generally middle class investor is dominant. However, after globalization several private names have joined the game. In the recent developments, private banks have been successful in grabbing the eyeballs of Indians..
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