A STUDY OF SOCIAL AND ETHICAL ISSUES IN BANKING INDUSTRY

Economic performance of a country is largely determined by banking and financial system. Banking and finance play a vital and crucial role in framing public policies in today’s business environment. This article highlights social and ethical issues such as social banking, ethical banking, green banking, global banking, rural banking, and agri-banking, which help in achieving sustainable development of banking and finance. For this purpose, we have gone through a series of development that are taking place in current business scenario. This paper is divided in four parts. First part discuss introduction of Banking Industry in India. Second part explains historical background of banking and its development. It also discusses concept of Banks. Third part analyzes the review of past studies on the theme. Fourth part highlights Social and Ethical issues related to Banking Industry and finally conclusion has been given.