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BANKING SECTOR IN INDIA

* Introduction: Indian Banking Sector * Role of Banking Sector in Developing Economy (India) * Regulatory Body: RBI * Banking Regulation Act 1949 * Present Scenario * Future Aspect * Risk Involved * SWOT Analysis : Banking Sector in India

2.1 Banking Sector (India)

In India the banks are being segregated in different groups. Each group has their own benefits and limitations in operating in India. Each has their own dedicated target market. Few of them only work in rural sector while others in both rural as well as urban. Many even are only catering in cities. Some are of Indian origin and some are foreign players. All these details and many more are discussed over here. The banks and its relation with the customers, their mode of operation, the names of banks under different groups and other such useful information are talked about. One more section has been taken note of is the upcoming foreign banks in India. The RBI has shown certain interest to involve more of foreign banks than the existing one recently. This step has paved a way for few more foreign banks to start business in India.

* Central Bank:
The Reserve Bank of India is the central Bank that is fully owned by the Government. It is governed by a central board (headed by a Governor) appointed by the Central Government. It issues guidelines for the functioning of all banks operating within the country.

* Public Sector Banks
a. State Bank of India and its associate banks called the State Bank Group
b. 20 nationalized banks
c. Regional rural banks mainly sponsored by public sector banks

* Private Sector Banks
a. Old generation private banks
b. New generation private banks
c. Foreign banks operating in India
d. Scheduled co-operative banks
e. Non-scheduled banks

* Co-operative Sector
The co-operative sector is

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