Ibef Banking Report- India

BANKING November 2010 BANKING November 2010 Contents ? Advantage India ? Market overview ? Investments ? Policy and regulatory framework ? Opportunities ? industry associations 2 ADVANTAGE INDIA curseing November 2010 Advantage India India has a well-organised and regulated financial infrastructure. For instance, systems much(prenominal) as RTGS* and NEFT* ensure that payments are transferred efficiently and in a eonly manner. Scheduled commercial banks employed around degree centigrade million people in 2009.1 Several reputed institutes such as IBMR^ and IIBF^ offer specialized courses in banking. To leverage skills of the Indian workforce, a number of foreign banks confuse shifted their back office operations to India.3 A good mix of earthly concern and private sphere of influence banks provides stability and growth to the economy. In addition, non-banking financial institutions, cooperative banks, first agricultural societies etc., are spread across the country to experience local needs.

Well-developed financial infrastructure Rising demand for banking usefulnesss biggish workforce in the banking sector Advantage India Good mix of public and private sector banks Well-defined regulatory framework Innovations in service delivery With a steady attach in functional population and disposable incomes, the demand for banking services is likely to ride out buoyant. Between 2006 and 2026, the working population (2560 years) is expected to increase from 675.8 million to 795.5 million.2 The Reserve Bank of India (RBI) has well-formulated regulations. Prudent regulatory policies ask ensured that Indian banks emerge unscathed from the global credit crisis. India is among the hardly a(prenominal) countries to have implemented Basel II framework. Several innovation have taken place to expand the reach of banking and to make the service delivery more convenient and affordable. These include the use of Bank Correspondent (BC) model and the advent of mobile banking. *RTGS: Real time gross settlement; NEFT: National... If you want to get a total essay, order it on our website: Orderessay

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