The goal of this research is to look at the effects of banks on the Indian economy: An Overview. The current analysis demonstrates that there is a long-term relationship between bank performance and economic growth, and that bank profitability boosts growth. The financial assistance needed by the economy to expand and develop has been provided by a strong and sustainable banking sector. Rajput and Goyal (2019) study shows that banking stability has a direct impact on actual output and employability in an economy that revolves around financial stability and a poor financial performance in an economy cause economic instability, which leads to an economic crisis. It was observed that in the Indian economy, saving deposits in banks had a large positive influence on GDP (Sharma and Ranga) (2014) [43]. Emecheta and Ibe (2014) [11] discovered a statistically significant positive association between bank economic development, credit to the private sector, and wide money. It is clear that the banking industry has a favourable impact on Indian economic growth.