Foreign Direct Investment & Indian Banking Sector

Indian banking had come a long way since India adopted reforms path. Today Indian Banks are as technology savvy as their counter parts in developed countries. The competitive and reform force have led to the emergence of internet, e-banking, ATM, credit card and mobile banking too, to let banks attract and retain customers. This apart retail lending has emerged as another major opportunity for banks. Due to globalization, liberalization and privatization mode, 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 grow in strength going into the future.