Foreign Banks in India
In the Era of Globalization
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The role of banks in the financial system of any economy is significant for the growth and development. Banking reforms is the part of economic reforms which initiated in 1991-92. The main objective behind banking reforms is to promote a diversified, efficient, and competitive financial system with the ultimate objective of improving the allocative efficiency of resources through operational flexibility, improved financial viability and institutional strengthening. Reforms bring out so many changes in Indian banking industry like deregulation of interest rate structure, financial liberalizatio...
The role of banks in the financial system of any economy is significant for the growth and development. Banking reforms is the part of economic reforms which initiated in 1991-92. The main objective behind banking reforms is to promote a diversified, efficient, and competitive financial system with the ultimate objective of improving the allocative efficiency of resources through operational flexibility, improved financial viability and institutional strengthening. Reforms bring out so many changes in Indian banking industry like deregulation of interest rate structure, financial liberalization and introduction of prudential norms. To achieve the objective of globalization, foreign banks are allowed to enter in to India. This book dealt with the foreign banks operating in India and how they are impacted by the banking reforms in terms of their number, assets and profitability. The book has very concluding remarks of status, performance of foreign banks in India. This book is useful for academia as well as for policy makers in the field of economics, commerce and management.
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