THE STUDY OF FINANCIAL PERFORMANCE OF BANKING SECTOR OF INDIA

COMMERCE AND MANAGEMENT

The banking sector is the economy's backbone and a prerequisite for the country's survival. It offers a wide range of financial services, including savings account, current account, ATM, deposit, debit card, credit card, internet banking, investment, financial advice, and other financial services. There are many types of Bank like, Commercial Bank, Public Sector Bank, Private Sector Bank, Co-operative Bank etc. Private Sector Bank has two types. First is Old Private Sector and second is New Private Sector Bank. From past few years Indian banks have made achievements which are outstanding. Since a diversity of models and advance technology has been emerged among finance industries, some of the traditional banking eminences between banks, insurance companies, and securities firms have belittled. The rapid transformation in the banking industry over the last decade has made the industry stronger, cleaner, transparent, efficient, faster, disciplined and a lot more competitive. The banking industry in India has a huge canvass of history, which covers the traditional banking practices from the time of Britishers to the reforms period, nationalization to privatization of banks and now increasing numbers of foreign banks in India. Therefore, banking in India has been through a long journey.

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