Emerging Trends and Challenges in Banking

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ges *Mr. MUTTESHA, N **Mr. PUNITH, B.S ***Mr. THIPPESHA, M One Day National Conference on Innovations & research in commerce & management SSIBM, Tumkur-05 Topic: “NEW TRENDS AND CHALLENGES IN BANKING” *Faculty member, DOS in commerce, Davangere university. Shivagangothri, Davangere. **student. M.COM 2nd year , DOS in commerce, Davangere university. Shivagangothri, Davangere. ***student. M COM 2nd year, DOS in commerce, Davangere university. Shivagangothri, Davangere. “Emerging Trends in Banking – Challenges and Opportunities” abstract: Today banking is known as innovative banking. Information technology has given rise to new innovations in the product designing and their delivery in the banking and finance…show more content…
Today in India the service sector is contributing half of the Indian GDP and the banking is most popular service sector in India. The significant role of banking industry is essential to speed up the social economic development. Objectives of study:- 1. To explain the changing banking scenario 2. To analysis of the impact I of liberalization Privatization and Globalization. 3. To explain the challenges of National and commercial banks in changing banking scenario. 4. To study the opportunities for the national and commercial banks in changing banking scenario. To improve major areas of banking sector Govt. of India. RBI, Ministry of finance have made several notable efforts. Many of leading banks operating in market have made use of the changed rules and regulations such as CRR, Interest Rates Special offers to the customers such as to open account in zero balance. Now days almost all banks entered into all areas of banking services. As a result of innovation banking products are a reality now. Even saving accounts have become subject of innovation. Due to liberalization, Privatization and Globalization, Indian banks going global and many global banks setting up shops in India. The Indian banking system is set to involve into a totally new level. It will help the banking system to grow in strength going into future. Due to liberalization banks are operating on reduced spread main focus is highlighted on consumerism and how to
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