INDIAN BANKING SERVICE INDUSTRY DETAILS
The Indian banking industry has recently witnessedthe rollout of innovative banking models like payments and small finance banks. The Reserve Bank of India (RBI) has implemented new measures that will go a long way in restructuring and growth of the domestic banking industry. As of January 2021, the Indian banking system consists of 12 public sector banks, 22 private sector banks, 46 foreign banks, 56 regional rural banks, 1485 urban cooperative banks and 96,000 rural cooperative banks in addition to cooperative credit institutions (IBEF Report). There is a massive requirement for professionals with awareness and skillset in banking and financial services by banks and financial services companies. All economic indicators suggest that India’s banking sector is poised for robust growth as rapidly growing businesses will turn to banks for their credit needs. The Banking and Finance elective offers a powerful combination of the two most critical functions of business - Banking and Fin...