29-09-2014, 11:49 AM
BANKING SECTOR OFINDIA
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What is Bank
A banker or bank is a financial institution whose primary activity is to act as a payment agent for customers and to borrow and lend agent for customers and to borrow and lend money.
An institution where one can place and borrow money and take care of financial affairs and A branch office of such an institution
HOW IT CONTROLS BANK AND ECONOMY
Cash Reserve Ratio(CRR): 5.5%
Repo-rate(RR): 7.5%
Reverse Repo-rate(RRR): 6%
Statutory Liquidity Ratio(SLR):24%
TYPES OF BANKING SECTOR
PUBLIC SECTOR BANK
PRIVATE SECTOR BANK
CO-OPERATIVE BANK
CHALLENGES FACED BY INDIAN
Lack of Distribution Expertise:
Reliance on branch channel and human intervention.
Limited use of technology:
Across both customer facing and internal functions.
Inefficiency Capital Allocation
Competition in market
post office
Financial institution
CONCLUSION
Indian Banking sector worlds 6th ranking holder. Though, it faced many challenges. To overcome from this challenges this sector required to maintain advanced technology, Rural banking system etc.