16-11-2012, 12:40 PM
INDIAN BANKING INDUSTRY
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• The Indian Banking Industry can be categorized into
1. Non-scheduled banks
2. scheduled banks.
The Public Sector Banks (PSBs), which are the base of the Banking sector in India account for more than 78 per cent of the total banking industry assets. The Private Sector Banks are making tremendous progress. They are leaders in Internet banking, mobile banking, phone banking, ATMs
Challenges faced by Banking industry in India
• Deregulation: This continuous deregulation has made the Banking market extremely competitive with greater autonomy, operational flexibility and decontrolled interest rate and liberalized norms for foreign exchange.
• New rules: Banks are transforming to universal banking, adding new channels with lucrative pricing and freebees to offer.