In the context of economic liberalisation and growing trend towards globalisation (external liberalisation), various banking sector reforms have been introduced in India to improve the operation efficiency and upgrade the health and financial soundness of banks so that Indian banks can meet internationally accepted standards of performance. Reforms in the banking sector were introduced on the basis of the recommendations [...]
In this article we will discuss about the role of banks in the economic development of a country. The banking system plays an important role in the modern economic world. Banks collect the savings of the individuals and lend them out to business- people and manufacturers. Bank loans facilitate commerce. Manufacturers borrow from banks the money needed for the purchase [...]
Financial Inclusion in Banking in India! The term Financial Inclusion indicates extension of financial services to those unbanked areas whose people are still deprived of banking services and facilities. The objective of Financial Inclusion is to extend financial services to the large hitherto un-served population of the country to unlock its growth potential and also to enrich their lot. In [...]