A Handbook on Banking Management
S C Bihari
  • ISBN : 9788184354980
  • year : 2018
  • language : English
  • binding : Hardbound
$ 90.00
(Free Shipping Charges)
The banking system is the backbone of any economy serving as the conduit for money flows, the life blood of commerce, and fuelling the economic growth engine through its core function of financial intermediation. The pace of economic development of a country is therefore inextricably linked with the evolution and state of development of its banking system The Indian banking has come a long way after the nationalization of banks, followed by entry of new generation private sector banks the year 2007-08. The dominance towards state owned banks was led by nationalization under the nationalization act of 1969. Second wave of nationalization occurred when government nationalized other 6 banks the main objective of nationalization was to direct credit to social sectors and to facilitate expansion of branch network mainly in rural areas. However the nationalization of banks resulted in excessive governmental controls, constrained competition and brought doses of inefficiency. There was a pressure on government to bring financial sector reforms as a result of balance of payment crisis in 1990s. As a result, the financial sector reforms mainly focused on the increasing role of private banks, opening the market for foreign banks to infuse competition, improvement in efficiency through reduction in nonperforming assets (NPAs). Improvement in operational efficiency, quality of customer service and investment in information technology has been the key features after the year 1998 Banking deals with Asset Products, Liabilities Products as well as ancillary activities. Although there are several books on Banking, few books have dealt with the entire gamut of banking operations as prevalent in India. To provide the bankers and students of banking an easy and smooth reading on the entire subject in a reader-friendly manner is the humble effort of the author.