Indian Banking Sector Analysis
Scheduled Banking structure in India
(As included in the Second schedule of the RBI Act., 1934.)
Source : Report on trend and progress of banking in India 2002, RBI, Mumbai
1.1.2. Indian Banking Scenario
The banking sector in India, consisting of both domestic and international banks is growing in a rapid speed. In the last few decades many positive changes took place in Indian banking sector. In reality the most attractive side of Indian banking system is its widespread reach, as it is not restricted to only metropolitans or cosmopolitans of India. One of the main reasons of India’s growth is the extensive reach of Indian banking sector even in the remote places of the country.
According to the
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Private sector banks are those banks whose greater part of the stake or equity is not held by the government as in the case of public sector banks, but are held by the private shareholders. After the nationalization of all the major banks in 1969 by Indian government, Indian banking sector was dominated by public sector banks. But after the liberalization policy of the government in 1990s, Indian banking sector witnessed the emergence of old private sector banks and the new private sector banks. These banks have grown very fast over the last few decades using latest technologies, tools and techniques.
The financial regulators of India have divided the private sector banks into two groups, old and new private sector banks. Old private sector banks are those banks which existed before the nationalization of banks took place in 1969. These banks were not nationalized because of their small size and regional focus. Other private banks which got their banking license after the liberalization in the 1990s are new private sector banks.
1.1.4. Old Private-Sector
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Coimbatore city is also well known for its excellent academic infrastructure. So the need for bank accounts and banking transactions is tremendous in this city. Hence the growth of existing banks and the entry of new private and foreign banks are remarkable in the past few decades. The growth of new private sector banks in its size and performance is also notable. There are six New Private Sector banks in Coimbatore city which includes Axis bank, HDFC bank Ltd, ICICI bank, Indus Ind bank Ltd, Kotak Mahindra bank and Yes
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