Impact of globalization on Indian Banking Sector

Globalization is both a challenge and an opportunity for Indian banks to gain strength in the domestic market and increase presence in the global market. On the basis of various parameters, paper finds that there is a fast penetration of foreign banks in India and public sector banks, particularly SBI is intensively entering in foreign countries, same is the case of ICICI Bank as this bank is capturing foreign markets at a fast pace. At the end, the present paper finds some challenges and also explores the future opportunities. On the basis of the experience of already global went banks, paper suggests some strategies that how Indian banks can make their presence effective in the global market.