: a Study on Deposit Mobilisation of Foreign Banks in India
Topic: A STUDY ON DEPOSIT MOBILIZATION OF FOREIGN BANKS IN INDIA
Authors:
Dr.K.Karthikeyan, Associate Professor of Commerce, Vivekananda College, Tiruvedakam West-625214 Mobile: +91- 9865074994 Email: karthikeyanmadurai@gmail.com
S.Vadivel Raja
Research Scholar,
Department of Commerce,
Vivekananda College, Tiruvedakam West-625214
Mobile: +91- 9842552084
Email: vadivelraja77@rediffmail.com
A Study on Deposit Mobilization of Foreign Banks in India
(Dr.K.Karthikeyan & S.Vadivel Raja )
Abstract
The process of economic growth needs development of capital resources. Banking sector plays a vital role on distributing the money for the development of trade, industry are commerce. In simple words bank is an institution, which deals in money are credit. The paper deals with trend and growth of deposits of foreign banks operating in India. The study mainly based on secondary data. Statistical tools have been used like mean, percentage, CAGR ands Trend analysis. The study covers a period of 13 financial years from 1999 to 2011. The finding revealed that the foreign banks recorded increasing trend in mobilizing total deposits. But growth rate is fluctuating trend during the study period.
Introduction
Banks will have to play an important and larger role in proving support to economic development. According to proof Sayers, “Banks are institutions whose debts usually referred as ‘bank deposits’-are commonly accepted in final settlement of other people’s debts”. The Indian banking or financial system comprises commercial banks, co-operative banks, financial Institutions and Non-banking financial companies. The commercial banks include public sector banks, private sector banks and foreign banks. While the public sector banks are the creation of the enactments of the parliament, private bakes, under the Banking Regulation Act 1949 are deemed as banking companies. Foreign banks are a recent addition to the Indian
Authors:
Dr.K.Karthikeyan, Associate Professor of Commerce, Vivekananda College, Tiruvedakam West-625214 Mobile: +91- 9865074994 Email: karthikeyanmadurai@gmail.com
S.Vadivel Raja
Research Scholar,
Department of Commerce,
Vivekananda College, Tiruvedakam West-625214
Mobile: +91- 9842552084
Email: vadivelraja77@rediffmail.com
A Study on Deposit Mobilization of Foreign Banks in India
(Dr.K.Karthikeyan & S.Vadivel Raja )
Abstract
The process of economic growth needs development of capital resources. Banking sector plays a vital role on distributing the money for the development of trade, industry are commerce. In simple words bank is an institution, which deals in money are credit. The paper deals with trend and growth of deposits of foreign banks operating in India. The study mainly based on secondary data. Statistical tools have been used like mean, percentage, CAGR ands Trend analysis. The study covers a period of 13 financial years from 1999 to 2011. The finding revealed that the foreign banks recorded increasing trend in mobilizing total deposits. But growth rate is fluctuating trend during the study period.
Introduction
Banks will have to play an important and larger role in proving support to economic development. According to proof Sayers, “Banks are institutions whose debts usually referred as ‘bank deposits’-are commonly accepted in final settlement of other people’s debts”. The Indian banking or financial system comprises commercial banks, co-operative banks, financial Institutions and Non-banking financial companies. The commercial banks include public sector banks, private sector banks and foreign banks. While the public sector banks are the creation of the enactments of the parliament, private bakes, under the Banking Regulation Act 1949 are deemed as banking companies. Foreign banks are a recent addition to the Indian
References: 1.Selvaraj (2003), “Performance Evaluation of Mukupori co-operative urban bank Ltd”. Indian journal of marketing 2.Sakthi Srinivasan and S.Devi Lakshmi (2006), “Post Office Saving Schemed – An Impetus for Rural Investment”, Indian Journal of marketing 3. Ramkrishna Vyas and Aruna Dhade (2007), “A study on the Impact of new private sector banks on State bank of India”, The IcFai Journal of Bank Management, Vol.VI, No.3, pp.61-76. 4.Ram Pratap Sinha (2008), “Profit efficiency of Indian Commercial Banks: A Non-Parametric Approach” 5.Anand Kodan Singh, Shailender kumar and Vikas kumar (2010), “Comparison of Growth Rate of Labour Productivity of commercial bank operating in India” Economic affairs. Vol.55, No.2, PP.121-128. 6.Haresh Rarot (2010), “ Impact of financial reform on banking sector – evidence from India”