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Abstract
- Banking sector plays a vital role in every individual’s life. This sector was always deemed to be one of the most vital sectors for the economy to be able to function. Its importance as the “lifeblood” of economic activity, in collecting deposits and providing credits to states and people, households and businesses is undisputable. The Indian banking system keeps on changing on a regular basis, sometimes in the form of monetary terms and sometimes in the form of new and improved banking rules and regulations.