Foreign Banks operating in India with specific business practices models and their Scenario Post RBI Road Map 2005
Journal Title: International Journal for Research in Applied Science and Engineering Technology (IJRASET) - Year 2017, Vol 5, Issue 1
Abstract
During the last two decades, India has seen an unprecedented degree of globalization especially in financial services. At present the cross border financial flows have increased dramatically. Many foreign banks from both developed and developing countries have ventured abroad and established their presence in other countries with specific business practices models. Foreign trade, financial system, technological advances, deregulation impact, industry and its major players’ growth were identified as industry shaping milestones that gradually formed the present business practices models of foreign banks. As of March 2013, there are 43 foreign banks from 26 countries operating as branches and 43 foreign banks from 22 countries operating as representative offices in India. In addition, a number of foreign banks have also entered India via the Non-Banking Financial Company (NBFC) route, while a considerable number have set up captive centers in the country. Foreign banks present in India as representative offices often have correspondent banking relationships with domestic banks and provide a useful platform for foreign banks to access opportunities for foreign currency lending to Indian corporate and financial institutions with the application of specific business practices models. Foreign banks have less than 1% of the total branch network but about 7% of the total financial sector assets and a sizeable 11% of profits. With 334 branches in all, the share of FFIs branches is less than 1%.
Authors and Affiliations
Mr. Ashok Vasant Edurkar, Dr. Atik Asgar Shaikh
Keywords
Related Articles
- EP ID EP23006
- DOI 10.22214/ijraset.2017.1001
- Views 254
- Downloads 6
Simulation of FT-IR and FT-Raman Spectra Based on Scaled DFT Calculations, Vibrational Assignments, Hyperpolarizability, NMR Chemical Shifts and Homo-Lumo Analysis of 1-Chloro-4-Nitrobenzene
This work deals with the vibrational spectroscopy of 1-chloro-4-nitrobenzene (1C4NB) by means of quantum chemical calculations. The solid phase FT-IR and FT-Raman spectra of 1-chloro-4-nitrobenzene (1C4NB) have been rec...
slugDesign and Simulation of Three StagespHEMT LNA At C-Band
Thispaper represents the designing of three stage LNA using EC2612 pHEMT technology.pHEMT technology gives high transconductance and shows better reliability. This three stage amplifier has been designed for C-band appl...
Design and Structural Analysis of Weed Removing Machine Fitted With Rotovator Blade in Glory Lily Plant (Gloriosa Superba Linn)
Glory Lily (Gloriosa superba linn) is a medicinal plant, used to manufacture medicines for eye defects. In the cultivation of this plant, weed removal is one of the main problem. There is no weed remover that is convent...
An Advanced protective Auditing and Deduplicating Data in Cloud Servers
As the distributed computing innovation creates amid the most recent decade, outsourcing information to cloud administration for capacity turns into an appealing pattern, which benefits in saving endeavors on substantia...
New Steganalysis Approach for JPEG Image Steganography using F5 Algorithm
Recently, there has been a lot of interest in the fields of Steganography and Steganalysis. Steganography involves hiding information in a cover (carrier) media to obtain the stego media, in such a way that the cover me...