Published Paper Details:

Commercial banks place an important role in the socio-economic development of any region. The economic and financial system that India inherited at the time Independence was not at all suitable for the settlement of the socio-economic problems, which generally the financial sector should achieve. As per the Indian economy, Commercial banks comprises of State Bank of India and its associates, all nationalized banks, foreign banks, other scheduled commercial banks, regional rural banks and non scheduled commercial banks. The Indian banking system comprises of 27 public sector banks, 21 private sector banks, 49 foreign banks, 56 regional rural banks, 1562 urban cooperative banks and 94384 rural cooperative banks. As on the study period the demand for both corporate and retail loans and the sectors that have seen demand include services, real estate, consumer durables and agriculture. The SCBs help in mobilize savings and channelize them into productive investments and thereby helping in capital formation and thus increase the GDP growth rate of the county. The study covers the period of 7 years (from 2013-2014 to 2019-2020). The data collected for the study is from secondary sources. The period of study is taken for the year 2011-12 to 2017-18. The study is restricted to only schedule commercial banks and the data is collected accordingly. The study examines the impact of SCBs in economic growth of India by using the tools such as Mean, Standard Deviation and trend analysis. The simple regression model is most appropriate for the study to examine the relationship between selected indicators of SCBs and growth of the GDP.