Abstract
Banks play very dynamic role in economic development of a country by identifying profitable activities, exerting corporate governance and extending credit to corporate world. Initially, Government of India has nationalized the banks to meet the diversified development needs of the country. But with the initiation of liberalization, privatization and globalization process, the Indians banks have undergone rigorous changes to cater for he needs of the economy in changing globalised environment. Present paper unfurls the growth pattern, reform measures and operational innovation in Indian banking in the changed globalised world. The paper pinpoints advantages and dangers of reforms and operational innovations in a conceptual way. Key words: Banking, innovation, growth, economy, credit.
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