In a developing country like India the role of banks is more constructive and purposeful then in a developed one. Banks are playing important role in two ways; firstly mobilization of savings to provide the required resources for investment activity of the public and private sectors and secondly, deployment of credit in such a manner that the macro economic goals of government general economic policy and plan objectives are adequately fulfilled. In this way, banks are becoming a catalytic agent of socio-economic growth in post-independence India.

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Keywords: Mobilization, Public and Private Sectors, Macro Economic Goals, Economic Policy.