Funadamental Analysis of Bank

THE INDIAN BANKING SECTOR REVIEW THE INDIAN BANKING SECTOR REVIEW Without a depart and effective relying system in India it cannot consume a muscular economy. The verifying system of India should not only be hassle supererogatory but it should be able to meet new challenges present by the technology and any former(a) external and ingrained factors. For the past three decades Indias banking system has several outstanding achievements to its credit. It is no longer confined to only metropolitans or cosmopolitans in India; in fact, Indian banking system has reached even to the remote corners of the country. This is one of the main reasons of Indias growth process. The governments regular policy for Indian bank since 1969 has paid rich dividends with the nationalization of 14 major semiprivate banks of India. Not long ago, an account holder had to wait for hours at the bank counters for getting a draft or for withdrawing his aver money. Today, he has a choice. Gone are days when the intimately efficient bank transferred money from one branch to other in two days. Now it is simple as flash lamp messaging or dials a pizza. Money has become the lay of the day. Post independence: In 1948, the Reserve Bank of India, Indias rudimentary banking authority, was nationalized, and it became an institution owned by the Government of India.

In 1949, the Banking law Act was enacted which empowered the Reserve Bank of India (RBI) to regulate, control, and inspect the banks in India. The Banking Regulation Act also provided that no new bank or branch of an existing bank may be opened without a license from the RBI, and no two banks could have common directors. Liberalization: The new policy shook the Banking firmament in India completely. Bankers, till this time, were used to the 4-6-4 method (Borrow at 4%; Lend at 6%; Go home at 4) of functioning. In the early 1990s the then Narsimha Rao government embarked on a policy of liberalization and gave licenses to a small consider of private banks, which... If you want to get a full essay, fix up it on our website: Ordercustompaper.com

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