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Banking System In India - A growing Prospect

Created by : Vipin Bhasin, Private Equity/Hedge Fund/VC-Manager, Indian Investment Co.  | 06 13 2010 06:56:40 +0000
Industry : BankingFunctional Area : Growth(Strategy & Execution)
Keywords : bank banking system service sector business growth
Activity:  929 views;  last activity : 12 01 2010 03:52:03 +0000

All we know that banking industry is growing rapidly in India from last few years. It helps us in many areas. Banks are the blood for any business. And the system of banks in India is also good and well managed. We are in better condition in terms of loan as compare with rest of world. We have seen it in 2007 recession crisis. what do you think that Indian banking system will lead us to a better growing future or not?

  
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Banking In India - Growing Future Vs Banking In India - Downtrend
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Although we have many complaints with approx. all the banks available in India but we also know the growing prospect of banking industry in India. And it is just because of strong system behind the banks. RBI plays major role to strengthen banks in India. We have well defined safe loan system as comparable to other countries. At the time of Sub prime loan crisis around the world, our banks showed more stability than others. All these features proves that our banking system having two way growing prospect. One is for banks(themselves) & other for Indian economy.... Your suggestions counts..
By Vipin Bhasin, Private Equity/Hedge Fund/VC-Manager, Indian Investment Co.  06 13 2010 06:56:40 +0000
 
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Ure right mr satardu
By Chandrasekar Iyer, Business Analyst, Affinity Health  | 12 01 2010 03:52:03 +0000
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I suppose dats right mr satardu ure a very smart guy
By Chandrasekar Iyer, Business Analyst, Affinity Health  | 12 01 2010 03:25:43 +0000
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Banks in india are the most well governed institution, we are the 2nd country to set up a DIS after U.S. which dates back to 1962, speaks volume of the efficiency of this sector. During the banking crisis of 2007 R.B.I played an important part as india was not a major purchaser of the sub-prime loans which were accumulating in U.S.courtesy to the restriction imposed by R.B.I but most banks from E.U, U.K, African countries and Japan were purchasing them. A country's economy in the modern world is as good as its central bank and the efficiency of R.B.I is phenomenal....so hopefully we are in the right track. Personally though i feel the approach of R.B.I is restrictive...this is one area they can try and improve.
By Satadru Shastri, Research Student  | 12 01 2010 00:34:33 +0000
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Banking has to grow to cater to needs of all, not just privileged few. Internationally, what has happened is that banking is being used to extract and amass wealth for few using abstract ism of new financial instruments and manipulation of markets.We can hope that RBI will not let Indian banks go on that path.
By Abhijit Anand Prabhudan, Admin/Facilities Manager, Ca*****  | 11 30 2010 17:56:01 +0000
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banking sector is growing so fastfor certain cause RBI has balancing well both private and public banks.technology wise there are so many good projects/research work is going on at IDRBT(institute of development and research in baning technology) owned by RBI, that we can see in near future.
By prabhakar nayak, M.E/M.Tech/MS student, IDRBT  | 11 30 2010 15:33:09 +0000
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banking sector is most of the tym in growing phase these days...as we can see the growth in returns os bse bankex is about31.77% and still going high....so i find its growing future...and RBI new monetry policeies are leading to global market much faster....so i find positive response in banking sector in india...
By gourav girdher, MBA/PGDM student, International school of business and research  | 11 10 2010 09:14:55 +0000
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Their growth is reflection of our progress & shows our development.
By SHRIKANT MANOHAR DANKE, Consultant, Project Management Consultancy Firm  | 11 08 2010 10:30:20 +0000
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Banking industry is growing very fast in India in compare of the other countries in the world.The live example of this growth is state Bank of India and you can guess that this bank is having largest net work of it branches in the world.
By Ram Krishan Rastogi, Freelancer, Banking  | 11 08 2010 10:14:01 +0000
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Certainly banks in India has a growing future, we are better organised than many other countries and the world has come to know it. Banking is also one of the fastest growing industry in India. With private bank and also the ones owned by government operating successfully simultaneously banking can only grow in future. Moreover the sheer population of India turns it into a mouth watering market and with the increased awareness and exposure to plastic money banking is sure to take off.
By Satadru Shastri, Research Student  | 06 23 2010 12:29:06 +0000
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Many of the foreign banks are eying india for their retail presence. The growth is mainly due to growth in economy in india. Indian growth story is in tact hence ther is growing future in banking in india. 
By suresh g d, Senior Manager, Union Bank of India  | 06 20 2010 05:09:46 +0000
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HII VIPIN BANKING IN INDIA HAS A BRIGHT FUTURE BECAUSE STILL BANKING SYSTEM IN INDIA IS NOT REACH TO EVERY INDIAN.
By rachhiit dayal, Sales Executive/Officer, PepsiCo  | 06 15 2010 15:16:30 +0000
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its time to grow and everyone is growing..........
By sanjay kumar mangal, IT , TATA Group Co.  | 06 15 2010 14:08:34 +0000
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iT'S NEEED OF TIME.......IT HAS TO GROW.+
By suresh asher, Agency Associate, Max New York Life  | 06 15 2010 04:22:43 +0000
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I agree with Mr. Vipin. We will see more growth of Indian banking system in near future.........
By Kishore Mishra, Freelancer, Recruitment Agency  | 06 14 2010 17:21:52 +0000
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I agree with Vipin and Sonali with improve technology,inovative products Indian banking sector is rocking.We have already seen the power of indian banking system during recession.Today bankin is becoming one of the biggest employment generator
By SAURABH AGRAWAL, Sr.Corporate Agency Manager, Hdfc Standard Life Insurance Company  | 06 14 2010 14:38:22 +0000
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I agree with you vipin, the Indian banks are hopeful of becoming a global brand as they are the major source of financial sector revenue and profit growth. The financial services penetration in India continues to be healthy, thus the banking industry is also not far behind. As a result of this, the profit for the Indian banking industry will surely surge ahead.
By Sonali Sarkar, Trading Advisor, American Express  | 06 14 2010 08:11:14 +0000
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Since our government decided to open banks in interiors and micro interiors in near future the growth in Banking Industry will be stupendus. Hence I agrr with Jyoti.
By Rathin Deb, Freelance Retail Consultant  | 06 14 2010 07:13:34 +0000
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Dear Vipin. Greatly agree with your view.

According my feeling, Indian is growing country with major young and upcoming rural generations in the economy and financial system.

Indian Bank definately safeguarded themselves because its too small, But there is no comparison of loan book witth the western country loanbook. Therefore, Not at all leveraqged as US /Europe.

There is a big demand of the banking in India. The present bank will tend to grow more and more unless the new entrants are welcome in the segment. I happy for the present banker to grow more but shall be more happy if at least 10 large size  private or public private bank open in India.

I favor new entrants because the present benefits in the bank are still not utilised by undeveloped sector or peoples of the country due to high interest rates and bulk transaction cost. Rather, it is encashed by the big giants and tycoon for their own benefit.

More new entry compell to have more competition in services and will improve liquidity, interexchange, employment, ultimately a good economy with lower interest rates after next 15-20 years.

The ecomony shall be enriched with more spending power if interest rates slashed to/inbetween 3-5 %.

Hope you all will agree and fovour me.
By Jyoti CHETANI, Freelancer, Equity Research/Analytics  | 06 13 2010 13:20:58 +0000
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Thanks for the referral Mr Vipin,

I agree with you, the banks in India today are doing well and have a growing future
By Dr Ali Ahmad, Medical Superintendent/Director, Surbhi Hospital  | 06 13 2010 09:44:06 +0000
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Hi Vipin, thanks to have invited me to this discussion. I agree with your opinion: banks (and generally speaking players of the financial sector) are as a minimum the suppliers and the facilitators for the money flux (in, out and inside an economy). More the money circulates efficiently and more the economy can growth, with other conditions defined. Finance aloud you to fully deploy your potential, and it's also able to stimulate it. Of course Banks & Finance, to operate efficiently, need an environment with some basic requirement. Just to mention: reliability of payment, integrity of behaviors. This is the side where a society can contribute to make, from their own side, Finance efficent and helpfull My 2 cents
By domenico fama, HR Business Parner, international Bank  | 06 13 2010 09:24:47 +0000
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