Indian Banking Sector

INDIAN BANKING SYSTEM: THE CURRENT STATE & ROAD AHEAD yearbook SURVEY September 2006 [pic] partnership of Indian Chambers of Commerce & Industry Federation House, Tansen Marg, New Delhi 110 001 Executive Summary Indias banking sector is ripening at a fast pace. It has become one of the most(prenominal) preferred banking destinations in the foundation. Indian markets provide growth opportunities, which are unlikely to be matched by the mature banking markets around the world. FICCI conducted a survey to analyze the potential offered by Indian Banking placement and achievement of global competitiveness by Indian banks. The questions more often than not revolved around where we are, how will India go about it, what structures regard to be created and when will it happen? ? Some of the major strengths of the Indian banking industry, which have helped mark its place on the global banking aspect as highlighted by our survey respondents were Regulatory Systems (84.21%), Economic issue Rate (63.15%), Technological Advancement (52.63%), Risk Assessment Systems (47%) and reliance Quality (42.1%) ? Some of the areas that need to be geared up for future growth, identified by the survey respondents are diversification of markets beyond big cities (84.2%), HR Systems (63.15%), Size of banks (52.63%) High execution Costs (47.

3%), Banking Infrastructure (42%) and Labour Inflexibilities (42%). ? To a question on achieving global competitiveness, Consolidation in the financial sector has emerged to be the most significant measure required to create world class banking system followed by Strict Corporate face Norms, Regional Expansion, Higher FDI limits and FTAs. ? On being asked to rate India on certain essential banking parameters (Regulatory Systems, Risk Assessment Systems, Technological Systems and character reference Quality) in comparison with other countries i.e China, Japan, Sinagapore, Russia, UK and USA, the following results emerged: ? Regulatory systems of Indian... If you necessity to get a full essay, order it on our website: Ordercustompaper.com

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