• Dr Prakash S Bilebal

The multifaceted role of Indian banks in economic development is a dynamic and evolving narrative that spans across various sectors. From traditional banking functions such as financial intermediation and capital formation to modern roles in sustainable finance, technology innovation, and crisis management, banks are pivotal drivers of India's economic growth. This comprehensive article explores the diverse contributions of Indian banks, encompassing areas such as education financing, housing finance, export financing, and social development. Additionally, it delves into their involvement in regulatory compliance, financial literacy, and adaptation to global financial trends. The banking sector's responsiveness to economic shocks, collaboration with government initiatives, and participation in international banking activities further underscore its significance. As India continues on its path of development, the adaptability, innovation, and social responsibility exhibited by banks are crucial for navigating the ever-evolving economic landscape and ensuring sustained, inclusive growth.

Pivotal, Indian, Economic, Development.

"The Pivotal Role of Indian Banks in Economic Development", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.3, Issue 9, page no.431-434, September 2016, Available :http://www.jetir.org/papers/JETIR1701A58.pdf

"The Pivotal Role of Indian Banks in Economic Development", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.3, Issue 9, page no. pp431-434, September 2016, Available at : http://www.jetir.org/papers/JETIR1701A58.pdf