A Comparative Study of the Scheduled Commercial Banks of Meghalaya and India

Banking sector as a part of financial infrastructure of the economy facilitates mobilizing surplus funds from the public and channels it to finance both consumption and investment for deficit sector. Expansions of banking sector is an indicator of regional development. Several studies point out unequal banking facilities and unbanked/under banked areas in India reflecting disparities in financial infrastructure and hence regional growth. The present study aims to focus on the comparative scenario of scheduled commercial banks in India with reference to the State of Meghalaya on the basis of selected parameters viz. branch expansion, per office deposit & credit disbursed, credit-deposit ratio, per capita deposit & credit, and population served per branch. The study reveals that the state like Meghalaya is in disadvantaged position as compared to the national level. The author undertakes selected literature review related to the field and findings of the literature corroborate the observations of this research work.