Reforms of the Banking Sector In India Indian banking sector has undergone major changes and reforms during economic reforms. Though it was a part of overall economic reforms‚ it has changed the very functioning of Indian banks. This reform have not only influenced the productivity and efficiency of many of the Indian Banks‚ but has left everlasting footprints on the working of the banking sector in India. Let us get acquainted with some of the important reforms in the banking sector in India.
Premium Bank Fractional-reserve banking Monetary policy
undergoes rapid changes as a result of technological innovation‚ increased awareness and demands from customers. Business organisations‚ especially the banking industry of the 21st century operates in a complex and competitive environment characterized by these changing conditions and highly unpredictable economic climate. Information and Communication Technology (ICT) is at the centre of this global change curve. Laudon and Laudon‚ (1991) contend that managers cannot ignore Information Systems because they
Premium Bank Internet
Technology‚ in the past century has taken an explosive leap into society as a whole‚ engulfing our lives and organisations. Such technologies as machines for assembly lines‚ computers and of course just recently high speed internet connections. This introduction of new technologies has severely impacted organisations‚ which has caused managers to adapt accordingly. In doing so they are following a very innovative trend which may‚ in turn‚ put them in a spot of competitive advantage. This issue
Premium Technology Introduction
advancement in information and communication technology has significantly affected the banking industry. The banking sector has embraced the use of technology to serve its client’s faster and also to do more with less. Emerging technologies have changed the banking industry from paper and branch based banks to “digitized and networked banking services”. Unlike before‚ broadband internet is cheap and it makes the transfer of data easy and first. Technology has changed the accounting and management system
Premium Bank
Narasimham Committee on Banking Sector Reforms (1998) The purpose of the Narasimham-I Committee was to study all aspects relating to the structure‚ organization‚ functions and procedures of the financial systems and to recommend improvements in their efficiency and productivity. The Narasimham-II Committee was tasked with the progress review of the implementation of the banking reforms since 1992 with the aim of further strengthening the financial institutions of India.[4] It focussed on issues
Premium Bank
Impact of Technology Every day we cannot live without technology. We wake up in the morning‚ we take a bath‚ we have breakfast‚ we do our daily activities‚ and all are affected by something called technology. From the simplest form of it until the most complex one‚ technology filled our daily life. The famous phrase "Information Technology" of course is one of the forms of technology. Before we continue talking about technology‚ we must know its definition. Shortly‚ technology is something related
Premium Internet Prehistory Invention
impCRTThe Impact of Technology Many factors can impact on jobs in the future and technology is definitely one of them. With technology advancing at our current rate‚ it is a known fact that many jobs would be extinct in the future. In the future‚ machines would take over humans in factories. Since machines are quicker‚ more accurate and you don’t have to pay them for the work they do. Whereas humans can make mistakes‚ slower‚ and greedy. They want more money. When cars were invented‚ it was
Premium Technology Future Internet
reading needs. In a 2000 study commissioned by the Software and Information Industry Association‚ Sivin-Kachala and Bialo (2000) reviewed 311 research studies on the effectiveness of technology on student achievement. Their findings revealed positive and consistent patterns when students were engaged in technology-rich environments‚ including significant gains and achievement in all subject areas‚ increased achievement in preschool through high school for both regular and special needs students
Premium Educational psychology Education Educational technology
SERVICE SECTOR: Service sector also known as tertiary sector consist of following structure: A. Transport‚ Communications and Trade Transport‚ storage‚ communication 1. Railways 2. Transport by other means and storage 3. Communications Trade‚ hotels‚ restaurants B. Finance and real estate Banking & insurance Real estate‚ ownership of dwellings‚ and business
Premium Economy Economic growth Recession
The impact of technology The internet has opened many doors of opportunities for people for example improving how people live‚ work‚ and socialize. I say new opportunities because if it wasn’t for the internet‚ we wouldn’t be able to contact someone as fast as sending an email versus sending a letter. You might be thinking‚ well years ago people didn’t need the internet to get things done! Sure that’s true but technology has advanced and for that we should take advantage of it and not view it
Free Social network service Twitter Internet