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RNCOS Research: Globalization of Indian Banking Sector Challenge and Opportunity
RNCOS Research: (http://www.marketsmonitor.com/category/FM005.html) Banking sector in India is expanding at an incredibly faster pace, with more and more banks realizing the benefits offered by globalization.
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Publicly owned banks handle more than 80% of the banking business in India and the rest is in the hands of private sector banks. However, banking in both the government and private sector is being revolutionized by this latest phenomenon called globalization.
Globalization has offered a number of advantages to the banking sector in India. Remarkable advancements in communication and information technology have facilitated the globalization of these domestic banks. Apart from the benefits, several risks are also associated with the opportunities made available by globalization.
In order to fortify the Indian baking sector against the risks involved in globalization, appropriate regulatory, prudential and supervisory framework need to be adopted. This will help in strengthening the domestic banking system in a global environment.
As per the latest market research report named, Indian Banking Sector Analysis (2006-2007), published by RNCOS, The banking sector in India is heading towards consolidation. There are about 90 players in the banking sector in India, with 30 competitors from each of the public, private and foreign sectors. With so many players present in the banking sector in India, a few of them will emerge as global competitors in the near future.
The report highlights:
- An overview of the current trends in banking sector in India to enable the clients in the analysis of the cutting edge
- opportunities available in this sector.
- Profiles of 5 prominent players, from each o f the public, private and foreign segment, in the banking sector.
- Discussion of the opportunities and challenges faced by the banking sector in India.
- Future forecast of the banking industry in India till the year 2010.
The report provides a comprehensive view of the overall banking industry in India. Analysis of the current as well as future trends of the Indian banking industry is also included in it. The report is a must read for domestic and foreign investors and businesses.
About RNCOS:
RNCOS, incorporated in 2002, provides Market Research Reports via MarketsMonitor for your business needs and aims to put an end to your information pursuit. Our expertise in gathering global business information for industry research, corporate training, growth consulting, and business consulting, brings reputed companies and firms to us for business enhancement solutions. We can be your one-stop-shop for Industry research information and niche market analysis.
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http://www.marketsmonitor.com/category/FM005.html
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www.marketsmonitor.com
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