Reforms in banking sector in India

Banking Sector is the backbone of the Indian Economy. The economy performance is largely reflected by the performance of banking sector in the country. It represents the Indian Economy at the world level. Banking system comprises of various banking institutions functioning in different areas like agriculture, industry, trade, housing etc. Indian banking system comprises of various banks with Reserve Bank Of India as an apex institution. As the time grows, government is taking various initiatives regarding strenghtning the Indian financial system. This paper focuses on the reforms that takes place in the economy and its future ahead.