Banking Sector in India : It Innovations and its Impact
Journal Title: JOURNAL OF COMMERCE AND TRADE - Year 2013, Vol 8, Issue 1
Abstract
The fast pace of changes in the Indian economy since liberalization; have radically and perceptibly transformed the operational environment of the banking sector. After decades of governmental safeguard for commercial banks in India, they are now exposed to an open and competitive environment. Public sector banks have now to cope with competition from both foreign and private sector banks which are equipped with superior technology, better market orientation and cost effective measures. Developments in the field of information Technology (IT) have strongly come to the rescue by infusing growth and inclusiveness into the banking sector. IT has enhanced the competitive proficiency of the Banking sector by strengthening back end administrative processes. While improvement in the front-end operations has helped in reducing the cost of operations. This paper examines the current status and varied aspects of computerisation in Public Sector and scheduled Commercial Banks for the period ended March 2005-2011 in India.
Authors and Affiliations
Samir JI, Deepa Kamra
Keywords
Related Articles
- EP ID EP253229
- DOI -
- Views 81
- Downloads 0
India’s Foreign Trade with China Since Economic Reforms in India
The comparison of the key features of trade integration processes and the economic outcomes in China and India reveals that while much has already been achieved in both these economies, the Chinese reforms, especially wi...
Challenges and Impact of Globalization on Indian Economy (The Role and Relevance in Indian Economy)
The world has become a small village, thanks to the rapid means of transportation and telecommunications. Satellite transmission has widened the geographical markets. The countries have become interdependent in terms of...
A Study on Service Quality and Passenger Satisfaction on Indian Airlines
This study examines the underlying forces of service quality influences on passengers’ satisfaction in aircraft transport. The study examines which dimensions have a positive influence on service quality and which dimens...
Role of Economic Reform in the Growth of Indian Economy
This article is based on the growth of Indian economy after economic reforms. Economic reforms in India were set in motion, though on a modest scale, when controls on industries were reduced by the 1985 industrial policy...
Work Life Balance in Indian IT & BPO Industry
Work–Life Balance (WLB) is a broad concept including proper prioritizing between “works” on the one hand and “life” on the other. Related, though broader terms, include a “lifestyle balance” and “life balance”. The purpo...