Explore –Journal of Research
Peer Reviewed Journal
ISSN 2278–0297 (Print)
ISSN 2278–6414 (Online)
Vol. XVII, 2024
© Patna Women’s College, Patna, India
To study banking system failures in developing transition country with reference to India
•Moon • Simran Fatma • Sneha Prakash
•Shubhlata
Received : December, 2023
Accepted : January, 2024
Corresponding Author : Moon
Abstract : Your financial fairy godmothers, granting wishes (and loans).
Have ever met startups fairy godmothers wearing power sleek suits and wieldingcheckbooks? Of course, we are talking about banks, and their clamorous role in nurturing the vibrant ecosystem of innovation and entrepreneurships.They may not get the headlines but are the real silent heroes behind the scene.
From Seed Money to Sequoia: While slick code and audacious ideas spark the fire, it’s the fuel equipped by banks that allows unicorns start-ups to truly take flight. From initial seed funding to growth-stage loans, banks act as the pecuniaryLaunchpad, propelling fledgling ventures into the stratosphere of success.
From Vaults to Ventures: At ancient times dragons hoarded gold, but in today’s fiasco the real guardian of treasure trove
are banks their glories not only unlock personal dreams but also the powerhouse of economic growth.Let’s crack open the vault and discover the magic of banks.
Its acts like financial springboards for innovations, works as safe haven for your hard-earned money, weaves the financial arras and goes beyond the numbers.
This research paper focuses on the bank crises situation and its impact on the Indian economy, acknowledging the global problem faced by banking sector. The study explores historical context, current bank functioning, government schemes, challenges and significance of sustained growth of bank for sound economic growth and financial stability
The paper introduces two different banks namely Silicon Valley Bank and IDBI Bank for the framework of study It then delves into the social and economic impact on the daily life of the people, in the context of India.Then we also conducted survey for obtaining peoples opinion on the topic.
Keywords : Bank crisis, Government Schemes, arras, haven.
Moon
Assistant Professor, Department of Statistics, Patna Women’s College (Autonomous), Bailey Road, Patna-800 001, Bihar, India
E-mail:moon1511.sona@gmail.com
Simran Fatma
B.Sc. Ill year, Statistics (Hons.), Session: 2021-2024, Patna Women’s College (Autonomous),
Patna University, Patna, Bihar, India
Sneha Prakash
B.Sc. Ill year, Statistics (Hons.), Session:2021-2024, Patna Women’s College (Autonomous),
Patna University, Patna, Bihar, India
Shubhlata
B.Sc.Ill year, Statistics (Hons.), Session:2021-2024, Patna Women’s College (Autonomous),
Patna University, Patna, Bihar, India
Introduction:
“Banks are like patients who need medicine to reduce their fever, but instead they are being given sedatives to numb the pain.” (Admati and Hellwig, 2013).
The study covers multifarious aspectsof banking and its impact. In the starting of the research, we explore the history of banking, it’s evolution and various significant shifts, shaping the banking scenario of the current around the world. Then we delve into Indian banking scenario from ancient times. We tried to
