PAPER ID: IJIM/Vol. 9 (I) May 2024/30-34/5

AUTHOR: Gurjeet Kaur

TITLE: INDIAN BANKING SECTOR TRENDS AND DEVELOPMENT – AN ANALYSIS

ABSTRACT :With the Reserve Bank of India serving as the central bank of the system, today we have a fairly well-developed banking system that includes various classes of banks, including public sector banks, foreign banks, private sector banks, old and new generation, regional banks, rural banks and cooperative banks. In the history of banking elsewhere in the world there is no comparison to the extraordinary expansion and diversification that the banking sector has experienced. While these figures are much lower in industrialized countries, bank assets account for more than 80% of total financial industry assets in most developing regions. More than two-thirds of banking assets are held by the five largest banks, which are typically local in most developing market countries. The extent to which banking activities are internationalized is another difference between the banking sectors of established and developing countries. In developing economies, internationalization—defined as the share of foreign-owned banks in total bank assets—tends to be substantially lower. However, this tendency varies across global regions. Over the last few decades, the banking sector has undergone several significant changes. One of the most significant of these is a shift in the types of organizations that control the terrain. Since the 1980s, banks have expanded the scope and depth of their operations, and many have grown into extremely large institutions with nationwide reach. The study deals with the developments and trends in the Indian banking sector.

KEYWORDS:Indian Banking Sector, Emerging Trends& Progress and Emerging Economies

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