Part of the India Studies in Business and Economics book series (ISBE)


Banks serve as facilitator of diverting idle savings into gainful investments. Productive channelization of wealth and opulence requires effective formal banking machinery. Availability of funds through formal routes spurs trade and commerce and aids in the development of the society.


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© Springer Nature Singapore Pte Ltd. 2020

Authors and Affiliations

  1. 1.Economics DepartmentBurdwan UniversityBurdwanIndia
  2. 2.Economics DepartmentShyampur Siddheswari Mahavidyalaya, University of CalcuttaHowrahIndia

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