Stronger banks for the future. After the 1990's there has been substantial increase in the number of banks in india. Altogether there are more than 85 banks in india's banking sector. By allowing global banks to operate in the indian banking industry, stiff competition arises and if we are not having a strong base in the banking industry then it will make those banks which are smaller in size to their collapse. With the coming of global banks to india by availing more services & facilities to customers, there is a chance for loss of customers for the indian banks, to overcome this we have to maintain a strong customer and market base at the earliest. As the industrial sector is growing daily, the need of funds for their functioning will increase as they need more money for longer period, at the present situation only few banks can be able to provide the needs of industry. As small banks which are concentrated only to a certain region, they cannot raise large funds, sometimes which are above their total business. By strengthining the banking industry through mergers of small banks with big ones and reducing the total number of banks in india to less than 15 we can face the competition from global banks upto a certain extent. By this, banks can collect more & distribute it according to the needs of various industries. by... Akhil.S , Kottayam, Kerala. |
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