Banking Sector in India: Recent Develpoments

The Indian Banking Sector has seen a lot of changes in recent times. The Reserve Bank of India is committed to its goal to make the Indian Banking Sector strong enough to withstand the effects of the economic shocks that our economy may face due to increased interactions of the Global Economy. This was most evidently seen during the recent Sub-Prime Crisis that shock the world. The Indian Economy weathered the crisis comparatively much better than most of the developed countries and one of the primary reasons was the fundamentally string Indian Banking Sector.

However the current scenario in the Indian Banking Sector is also, that its very risk averse. This is one of the primary reasons that there are no Indian Banks among the top 10 Banks in the world not even in the top 50.

But, this might hopefully be changing given the new policies being undertaken by the RBI.

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