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Project Report on Banking and Insurance

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Project Report on Banking and Insurance
Submitted to: Submitted by: | Mr. Sanjay Kaushik Kriti Gupta MBA Banking& Insurance Batch(2011-2013) | | | |

PROJECT REPORT ON BANKING INDUSTRY IN INDIA

CURRENT SCENARIO OF BANKING INDUSTRY IN INDIA
The banking sector in India has made significant progress in the last five years – the growth is well reflected through parameters including profitability, annual credit growth, and decline in non-performing assets (NPAs). In the last decade, the sector witnessed many positive developments, as policy makers which comprise the Reserve Bank of India (RBI), Ministry of Finance and associated government and financial sector regulatory entities, made several distinguished efforts to improve regulation.
Worth noting is the fact that India’s banking sector has been one of the very few ones that have actually been able to maintain resilience without much impacting the growth process.
Growth in the sector has been favoured by factors including low defaulter ratio, strong economic growth, central bank’s regular intervention and pre-emptive adjustment of monetary policy.
India has the potential to become the third largest banking sector by 2050 after China and US, according to a PricewaterhouseCoopers (PwC) report titled “Banking In 2050”. The report states that India has particularly strong long-term growth potential.
Indian Banking Sector – Key Drivers
The banking sector in India is expected to have another good year during 2011, with growth being propelled by factors such as good economic growth, favourable demographics and low penetration, according to a report titled ‘Indian banks are likely to ride an economic growth wave’, by research firm Standard & Poor’s. * The country’s economy grew by 8.5 per cent in the last fiscal and the government expects the



References: * YV REDDY COMMITTEE (2001) The Y

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