Banks have always formed the backbone of an economy – trade, commerce and industry cannot survive in the modern world without extensive banking facilities or, banks act as catalysts for the development and uplift of the vast poverty-stricken masses in this country. To enable the major Indian banks to play an effective social rate that fourteen of them were nationalised in 1968 followed by six in 1980, the objective being to eliminate the money-lenders by developing a network of branches to provide the rural areas comprising of about 5,50,000 villages without adequate facilities. The switch over from class banking to mass banking created several problems.