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An Overview of Indian Banking System
Englisch
167 b
Neu
Bis zu 30 Tage Rückgaberecht
The banking system in India has played a decisive role in the growth and development of the economy. Today India is one of the fastest growing economies in the world. The success of economic development depends essentially on the extent of mobilisation of resources and investment and on the operational efficiency and economic discipline displayed by the various segments of the economy. Banks play a positive role in the economic development of a country as they not only accept and deploy large funds in a fiduciary capacity but also leverage such funds through credit creation. The Indian banking system has been stable without any major crisis. It is relatively transparent in its operations and follows the international best practices of disclosure. The rapid growth of the Indian economy had its positive impact on banks too. Banking reforms in India had the objectives of improving the macroeconomic policy framework for banks and improvement in the financial health and competitive position of banks.
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