Banking Sector

BANKING SECTOR

INTRODUCTION

In the current decade, the Banking Sector has emerged as a resurgent sector in the Indian economy. Today, banks draw diversified their activities and atomic number 18 getting into new products and services that bothow opportunities in doctrine cards, consumer finance, wealth management, life and general insurance, coronation banking, mutual funds, pension fund regulation, stock broking services, custodian services, cliquish equity, etc. Further, most of the leading Indian banks are going away global, setting up offices in foreign countries, by themselves or through their subsidiaries.

Recent clock time has witnessed the world economy increase serious difficulties in terms of lapse of banking & financial institutions and plunging demand. Prospects became actually uncertain causing recession in major economies. However, amidst all this chaos Indias banking sector has been amongst the few to maintain resilience.
A progressively growing balance sheet, higher pace of recognise expansion, expanding profitability and productivity akin to banks in developed markets, pooh-pooh incidence of non- performing assets and focus on financial inclusion body scram contributed to making Indian banking vibrant and strong.



Indian banks have begun to revise their growth approach and re-evaluate the prospects on hand to move on the economy rolling. The way forward for the Indian banks is to innovate to concern advantage of the new business opportunities and at the same time ensure continuous assessment of risks.
A rigorous rating of the health of commercial banks, recently undertaken by the Committee on Financial Sector Assessment (CFSA) also shows that the commercial banks are robust and versatile. The single-factor stress tests undertaken by the CFSA divulge that the banking system back tooth endure considerable shocks arising from large possible changes in credit quality, interest rate and liquid state conditions. These stress tests for credit, market and liquidity risk show that Indian banks are...If you want to get a full essay, order it on our website: Orderessay



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