• Dr. Pukhraj
• Mrs. Beena Kumari

The banking industry, as a foundational pillar of the financial sector, plays a pivotal role in shaping a nation's economic development. Since the early 20th century, the significant influence of financial institutions, particularly banks, on economic growth. The performance, productivity, and efficiency of banks are integral to the broader economic framework, as they not only facilitate financial transactions but also act as catalysts for development. Banks mobilize savings, create credit, and support production and industrial growth by channeling financial resources to productive sectors. Their role extends beyond monetary functions, embodying the central nervous system of an economy and impacting key macroeconomic variables such as investment, employment, and income levels. This paper underscores the indispensable role of a sound and efficient banking system in fostering sustainable economic progress and societal development.

Credit Creation, Macroeconomic Variables, Economic Development

"Customer Perceptions of Service Quality in Public and Private Sector Banks: A Case Study of Southern Haryana.", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.12, Issue 7, page no.g272-g280, July-2025, Available :http://www.jetir.org/papers/JETIR2507640.pdf

"Customer Perceptions of Service Quality in Public and Private Sector Banks: A Case Study of Southern Haryana.", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.12, Issue 7, page no. ppg272-g280, July-2025, Available at : http://www.jetir.org/papers/JETIR2507640.pdf