Indian Banking : Then and Now

Bank is an establishment that makes to individuals such advances of money as may be required, safely made available, and to which individuals entrust money when not needed by them for use. A bank has several functions like borrowing and lending money in terms of deposit and loan. Modern banking system has changed from traditional money lending to ultimate loan system where customer can easily avail. The changes have developed from time to time according to the customer needs and expectations. The modern banker tries to update the system by the best use of technology and provides an ultimate solution for the public demand. This paper is particularly pertaining to the theoretical review of both traditional and modern system of banking where changes have been brought in a systematic way