ABSTRACT
The banking system remains, as always, the most dominant segment of the financial sector. Indian banks continue to build on their strengths under the regulator’s watchful eye and hence, have emerged stronger. The Indian Banking Industry can be categorised into non-scheduled and scheduled banks. The latter constitute of commercial banks and co-operative banks, and there are about 67,000 branches spread across the country. Currently, though, the banking industry in India is going through a transitional phase. The private sector banks include IDBI Bank, ING Vyasa Bank and HDFC Bank while the public sector banks (PSBs) comprise Punjab National bank, Vijaya Bank, UCO Bank, Oriental Bank and Allahabad Bank, among others. ANZ Grindlays Bank, ABN–AMRO Bank, American Express Bank Ltd, and Citibank are some of the foreign banks operating in India.
