The year 2017 will be no different for the indian banking sector there will be growth fueled by innovative initiatives such as unified payments interface (upi) and technology. Introduction the economy can be divided in the entire spectrum of economic activity into the real and monetary sectors the real sector is where production takes place while the monetary sector supports this production and in a way is the means to the end. Recent trends in advertising 11843 words | 48 pages differ form sector to sector company to company but the basic idea of managing the staff , recruitment and selection procedures are mostly the same. Essay about recent trends in indain banking sector activity into the real and monetary sectors the real sector is where production takes place while the monetary sector supports this production and in a way is the means to the end.
The indian banking system consists of 27 public sector banks, 21 private sector banks, 49 foreign banks, 56 regional rural banks, 1,562 urban cooperative banks and 94,384 rural cooperative banks, in addition to cooperative credit institutions. Banks - public sector banks, foreign banks, private sector banks - both old and new generation, regional rural banks and co-operative banks with the reserve bank of india as the fountain head of the system. 1336 words essay on changing trends of banking in india article shared by india has a large network of banks and other financial institutions spread across the length and breadth of the country. Banking today is a flourishing industry, focused on technological innovation internet banking has emerged as the biggest focus area in the digital transformation agenda of banks in 2012-13, indian banks deployed technology-intensive solutions to increase revenue, enhance customer experience.
This, indeed, is a revolution in indian banking industry payments banks will open another alternative channel after internet and mobile banking, and help improve efficiencies and reduce costs involved in catering to customers in the rural and semi-urban. Recent trends in indian banking industry indian banking industry, today is in the midst of an it revolution act has come as a boon to the banking sector, and. Recent trends in indian banking industry abstract today, we are having a fairly well developed banking system with different classes of banks - public sector banks, foreign banks, private sector banks - both old and new generation, regional rural banks and co-operative banks with the reserve bank of india as the fountain head of the system.
The detailed information regarding recent trends of npas of indian banking sectors has been summarized from table-1 to table-6 table-1: shows the detailed summary of gross and net npas percentage in public and private sector banks. Now we will have a look at some of the recent trends in consolidation in indian banking restructuring of weak indian banks amongst other routes government of india has adopted mergers as a means to achieve restructuring of the indian banking system. Banking services, but can also increase the frequency of usage of current customers who maintain a savings account but prefer to use it sparingly because of the difficulties associated with branch based transactions like time and travel expenses.
The industry is concentrated around 4 major public sector companies namely, new india assurance, united india insurance, national insurance and oriental insurance the indian health insurance industry has seen major growth in the past 6 years. New trends in indian banking system 1 new trends in indian banking system 2 introduction today, we are having a fairly well developed banking system with different classes of banks some of them have engaged in the areas of consumer credit, credit cards, merchant banking, internet and phone banking, leasing, mutual funds etc a few banks have already set up subsidiaries for merchant banking. The industrial development bank of india (idbi) is the premier institution in india purveying financial assistance to the industrial sector projects it provides direct financial assistance to the industrial concerns in the form of granting loans and advances, and purchasing or underwriting the issues of stocks, bonds or debentures.
Indian financial network (infinet), performs research in banking technology and provides consultancy services apart from providing educational and training facilities for the banking sector. • phone and mobile banking are a fairly recent phenomenon for the indian banking industry • phone banking channels function through an interactive voice response system (ivrs) or tele-banking executives of the banks. Agriculture and industry in india using state level data for india for 1999-2008, we examine if and to what extent the recent banking reforms have affected regional growth.