alexa
Indianmoney.com Missed Call Number
Home Articles Banks in India

Banks in India

IndianMoney.com Research Team | Updated On Monday, November 17,2014, 04:42 PM

5.0 / 5 based on 1 User Reviews

Banks in India

 

 

In India the banks are being segregated in many groups. Each group has their own advantages and limitations and each has their own dedicated target market. Few of them work only in rural sector while others in both rural and urban. Many are operating only in cities, some are of Indian origin and some are foreign players. The RBI has shown firm interest to involve more of foreign banks than the existing one recently. This step has paved a way for few more foreign banks to start business in India.

Banks are also adding more and more services to their customers. The Indian banking industry is passing through a stage of customers market. The customers have more choices in choosing their banks because the numbers of banks existing in India are quite high. All these banks are introducing innovative products in the market and it has been increased the sharpness of competition. By means of firm competition and advancement in technology, the service provided by banks has become more easy and convenient. The past days are witness to an hour wait before withdrawing cash from accounts or a cheque from south of the country being cleared in one month in the north.

 

Did you find this article useful? You can Rate us
5.0 / 5 based on 1 User Reviews
Article Author

IndianMoney.com Research Team

The research team at IndianMoney.com comprises of certified and experienced professionals who share the company's vision to make every Indian financially literate by equipping every Indian with right and unbiased advice. IndianMoney.com research team provides newsletters, articles, videos and FAQs on various financial products and concepts only to help you make wise financial decisions.

Subscribe to our Youtube Channel

 
Get the Best Financial Advice on Personal LoanClick Here

Most Popular

Why one must never neglect estate planning

07 January 2014, Tuesday

Things to Know About Hybrid Mutual Funds

26 November 2013, Tuesday

What is Car Insurance? Why is it important?

21 October 2009, Wednesday

Latest Stories

Personal Loan for Self Employed

19 September 2018, Wednesday

What Is A Government Bond?

19 September 2018, Wednesday

Unsecured Loan

18 September 2018, Tuesday

MCLR vs Base Rate

18 September 2018, Tuesday

Popular Tags

GST
UK
 
Get the Best Financial Advice on Personal LoanClick Here

Calculators

Get It now!