Global competitiveness of India: an analysis of banking sector

Banking system in the country is undergoing momentous change. It is gearing up itself to meet the global competitiveness. Indian banking sector comprises of an impressive network of banks, committed to planned economic development within the framework of a mixed economy under a federal political setup. Significant developments have taken place in Indian banking in the post Independence period and especially since the beginning of the reform process in the country. In modern economy, bankers are to be considered not merely as dealers in money but more realistically the leaders in development. Banks are not just the store house of the country’s wealth but are reservoirs of resources necessary for economic development. In the perspective of the history of economic development of developed countries, banking was necessary for development. Research papers presented here have focused on identifying the Global competiitiveness of Indian Banks.