This book is an attempt to provide the understanding of banking sector to graduate students to make them ready as per demands of the banking industry. It is a comprehensive study material which integrates conceptual knowledge with business knowledge. This book covers various theories and function of money , evolution of banking sector and its system, types of banks and their regulation, Indian money market, and capital market, Indian monetary and policy system, Regulation and Supervision of banking system Banking Ombudsman Scheme, Development Banking and Financial Institutions and various developments in banking sector.