Indian banks are financial institutions that provide a range of services, including accepting deposits, offering loans, and facilitating transactions. They play a crucial role in the country's economy by supporting businesses and individuals in managing their finances. The banking sector in India is regulated by the Reserve Bank of India, which ensures stability and compliance with financial regulations. There are two main types of banks in India: public sector banks, which are government-owned, and private sector banks, which are privately owned. Additionally, there are foreign banks operating in India, providing various financial services. The banking system also includes cooperative banks and regional rural banks that cater to specific communities and regions.