About Banking Sector

Lastly the indian banking industry is expected to undergo a massive wave of consolidation as the government plans to merge 27 state run banks into 12 well capitalized future ready banks.

About banking sector. The banking industry is an enormous sector of business and finance that has existed in human civilization in some form for thousands of years. The banking industry plays a huge role in the global economy and is undergoing a huge technological shift. Banks new best friends. In the modern world the banking industry plays a large part in financial dealings as it is a major and popular means for investing borrowing and storing money.

Banking sector the banking sector in sri lanka which comprises licensed commercial banks lcbs and licenced specialised banks lsbs dominates the financial system and accounts for the highest share of the total assets in the financial system. The banking sector is an industry and a section of the economy devoted to the holding of financial assets for others and investing those financial assets as a leveraged way to create more wealth. Know about the banking sector indian banks private banks public banks banking news rbi repo rate bank loans bank profits quarterly results and more on the economic times. Savings and loan crisis in the 1980s and early 1990s the japanese banking crisis during the 1990s and the sub prime.

See the digital banking industry trends of 2020. Read and discover latest banking news. The fintech landscape is evolving rapidly. Empowered by his views of a self regulated economy moneylenders and bankers managed to limit the state s involvement in the banking sector and the economy as a whole.