The banking system is of great importance for the economic growth of less-developed and developing countries. It promotes growth and development of individuals, firms, rural sector and masses, in general. Indian banking system has witnessed dramatic changes ever since the liberalization and India's integration with the world economy. These economic reforms and the entry of private players prompted the nationalized banks to overhaul and revamp their service and product portfolio to integrate new, innovative customer-centric schemes. This book is an attempt to provide a comprehensive introduction to the theoretical and applied issues relating to the Indian banking industry. It provides a detailed coverage of the basics of banking, risks in banking and their management, principles of banking, products, role of technology in banking sector and history and future expectations of Indian banking sector. The text aims to familiarize students with the reasons for banks' existence, the different services they offer, and the recent trends impacting the banking business. The content of the book has been supported with a good number of keywords and annexures. This book has been written keeping in mind the interest of students pursuing specialisation in banking both at graduate and postgraduate levels. This book will be of immense benefit to the students appearing for various diplomas in banking as well as banking industry professionals at large. A strong focus on contemporary central banking and bank regulation issues provides students with the most up-to-date information on banking practice.