Indian Banking: Global Perspectives and Challenges

Indian banking system is very dynamic, fast changing in its dimension and understand the complex environment in its right perspective. Money is a means of payment and an indicator of a country's economic wealth. Globalization of banking has also facilitated by its tremendous advancement like information technology, adoption of appropriate prudential, regulatory and supervisory on par with international best practices enables strengthening of the Indian banking system. Inspite of that there are various challenges like cost management, recovery management, risk management and technology related problems. It is a responsibility of managerial personals in the banking system to maintain check and balance in it and to provide right direction to the Indian banking system.