Dynamics of Commercial Banks in India

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The liberalization of the financial sector in India has exposed Indian banks to a new economic environment in which there are increased competition and new regulatory requirements. Since the liberalization of Indian economy, the trend in the banking systems has become entirely different and the reforms have necessitated making structural changes in banking business, which in governed by the stringent rules and regulations of the Reserve Bank of India. New private and foreign banks have come into existence. Banks have entered new business adopting innovative financial products in a competitive spirit. This development paved the way for innovative financial facilities benefitting the customers, such as ATMs, Retail banking, mobile banking, any-where banking, any -time banking universal banking etc.