Banks plays a vital role in the economic development of a country. They accumulate unaccounted money with the people and channelize it to capital growth and make if available to entrepreneurs who in turn invest in many projects thus, give economic growth to the country. Growth in agriculture and industrial sectors are very important for any country as they are the largest job giving sectors and contribute to a massive percentage of growth in gross domestic product (GDP). The growth of these sectors is not possible with ought the assistance of financial institutions specially banks. Exports is one of the very important sectors for the economic health of any country as it brings foreign currency to the country. Commercial banks assist this sector to a great extent from financing to transaction of currency. The commercial banks also help in keeping a check to the parallel economy and also curve black money transaction in the economy. As from time to time the banks conduct the drive for disclosure of unaccounted money which to the country's economy. This study highlights the importance of commercial banks in the growth of the economy.

Keywords: Capital, Savings, Advances, Monetary, Gross Domestic Product (GDP).