A Study of the Aftermath of Globalization in Indian Banking Sector
Journal Title: IOSR Journal of Economics and Finance (IOSR-JEF) - Year 2018, Vol 9, Issue 3
Abstract
Changes are taking place in the financial market on regular basis at worldwide. Adherence of inheritance is not the custom of financial markets. To survive in the financial markets, one should adopt rapid changes in the economy. The structure and functions of the banks got entirely changed after globalization. The home nation opened numerous doors to other nations to develop the economy of the home nation as well as other nations. Countries are importing needed goods and services from other countries and export their own surplus production. This exchange mechanism enhances the chances of banking sector in both home and host countries. The foreign banks began to operate in home countries and home country banks started their overseas branches in the foreign countries. This innovative banking technology increases the financial contribution towards the national economy. The impact helps to stabilize the economic condition of the nation. This paper is an attempt to explore the impact of globalization in the Indian banking sector.
Authors and Affiliations
Mr. Prajeesh . P, Mr. Jamsheer. C K, Mr. Syam Prasad K
Keywords
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- EP ID EP414811
- DOI 10.9790/5933-0903021316.
- Views 236
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