The banking industry, is therefore, the real backbone of any country because it controls the entire economy. Banking industry in India has come a long way from the time when banks used to be mere deposit-taking and money-lending institutions. The aim of the bankers at that time was maximum profits with minimum risk. ‘Class banking’ and not ‘mass banking’ was the motto of the people managing the banks. Banks have contributed a lot in developing in rural India. Banks were entrusted with this Herculean task immediately after nationalism. The book explain all aspects of ‘Role of Nationalized Banks in Rural Development’.