Volume : VI, Issue : II, February - 2017

"INDIAN BANKING SECTOR" - A PERSPECTIVE

Snehal Kotak, Dr. Mukesh Kumar

Abstract :

 With the prospective 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 mounting speedily. The Indian Banking industry is presently worth Rs. 81 trillion (US $ 1.31 trillion) and banks are now utilizing the most up-to-date technologies like internet and mobile devices to carry out transactions and communicate with the masses.

 

The primary reason behind this change is the consequence of the improved security and encryption routines created on the Internet. The second reason is banks would be reluctant to lose a potential market share to banks that are willing to offer their services on the Internet. As banks depend more and more on information technology and the Internet to carry on their business and interact with the market, technology risks will potentially increase, both for individual banks and the financial industry at large. Continuous technology advances and innovations are having significant impact on the way banks interact with their customers, suppliers and counterparts. The present research paper provides a glance on the growth of Indian banking Industry. The study works within the scope of private & public sector banks. 

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Article: Download PDF    DOI : https://www.doi.org/10.36106/gjra  

Cite This Article:

Snehal Kotak, Dr. Mukesh Kumar, INDIAN BANKING SECTOR, GLOBAL JOURNAL FOR RESEARCH ANALYSIS : Volume-6, Issue-2, February‾2017


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