An Employee Productivity of Selected Banks of India

Commercial banks play an important role in the any country's economy by financing the requirements of trade, industry and agriculture with a greater degree of responsibility. Banks mop up deposits by drawing the community savings into the organized sector, which are then priorities laid down by the RBI in consonance with the fiscal policies of the GOI. Commercial banks can be described as a type of financial intermediary. Commercial banks provide a number of import financial and trading documents such as letters of credit, performance bonds, standby letters of credit, security underwriting commitments and various other types of balance sheet guarantees. They also take responsibility for safeguarding such documents and other valuables by safe deposit boxes .For the past three decades India's banking system has several outstanding achievements system to its credit. The most striking is its extensive reach. It is no longer confined to only metropolitans or cosmopolitans in India. In fact, Indian banking system has reached even to the remote corners of the country. Thus, Growing Indian economy is the result of effective Indian banking system amongst many other responsible internal and external factors, in which the role played by public commercial banks in the country is also a crucial one.