Banking Industry Vision 2010 o Emerging Economic Scene o Future Landscape of Indian Banking o Changes in the Structure of Banks o Product Innovation and Process Re-Engineering o Technology In Banking o Risk Management o Regulatory and legal environment o Rural and Social Banking Issues o Human Resources Management References
Indian banking is the lifeline of the nation and its people. Banking has helped in developing the vital sectors of the economy and usher in a new dawn of progress on the Indian horizon. The sector has translated the hopes and aspirations of millions of people into reality. But to do so, it has had to control miles and miles of difficult terrain, suffer the indignities of foreign rule and the pangs of partition. Today, Indian banks can confidently compete with modern banks of the world. Before the 20th century, usury, or lending money at a high rate of interest, was widely prevalent in rural India. Entry of Joint stock banks and development of Cooperative movement have taken over a good deal of business from the hands of the Indian money lender, who although still exist, have lost his menacing teeth.
In the Indian Banking System, Cooperative banks exist side by side with commercial banks and play a...