A Study of Implications on Banks

Description

INTRODUCTION

1.1: Rationale of the Study:

In India, since independence the establishment of new banks, changing bank policies,

programs, operations, and procedures so as to strengthen the banking structure with a view

to cater to the banking needs of the common man has been largely mandated by Reserve

Bank of India (RBI) based on the specific recommendations of expert Committee Reports.

The institutional structure of banks from single agency to multi-agency system and all

matters concerning policy, planning, operations, and procedures have undergone need

based change and that continues even today. All the loans, deposits, and other utility service

products of banks are brought onto the integrated technology platform and customers are

encouraged to take their transactions on alternate channels such as mobile, internet,

through ATMs etc