Volume : 6, Issue : 6, June - 2017
INDIAN BANKING SECTOR - A PARADIGM SHIFT
Snehal Kotak, Dr. Mukesh Kumar
Abstract :
<p> <span style="text-align: justify; text-indent: 0.5in; font-size: 12px;">With the potential to become the fifth largest banking industry in the world by 2020 and third largest by 2025 according to KPMG-CII report, India’s banking and financial sector is expanding rapidly. The Indian Banking industry is currently worth Rs. 81 trillion (US $ 1.31 trillion) and banks are now utilizing the latest technologies like internet and mobile devices to carry out transactions and communicate with the masses.</span></p> <p style="margin: 0in 0in 0.0001pt; text-align: justify; text-indent: 0.5in; line-height: 15pt; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;"><o:p></o:p></p> <p style="margin: 0in 0in 0.0001pt; line-height: 15pt; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;"> <o:p></o:p></p> <p style="margin: 0in 0in 0.0001pt; text-align: justify; text-indent: 0.5in; line-height: 15pt; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;">The Indian banking sector consists of 26 public sector banks, 20 private sector banks and 43 foreign banks along with 61 regional rural banks (RRBs) and more than 90,000 credit cooperatives. <o:p></o:p></p> <p style="margin: 0in 0in 0.0001pt; line-height: 15pt; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;"><o:p> </o:p></p> <p style="margin: 0in 0in 0.0001pt; text-indent: 0.5in; line-height: 15pt; background-image: initial; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial;">This paper explains the changing banking scenario, the impact of economic reforms and analyses the challenges and opportunities of national and commercial banks.<o:p></o:p></p> <p class="MsoNormal" align="center" style="text-align:center"><span style="font-size:12.0pt;line-height:115%;font-family:"Times New Roman",serif"> </span></p>
Keywords :
Cite This Article:
Snehal Kotak, Dr. Mukesh Kumar, INDIAN BANKING SECTOR‾A PARADIGM SHIFT, GLOBAL JOURNAL FOR RESEARCH ANALYSIS : VOLUME-6 | ISSUE‾6 | JUNE-2017