The Indian Banking Industry has undergone transformation over the years, which changed its structure and functions. The banking industry has evolved and transformed itself from a social banking to a liberalized, modernized and technology oriented industry. The Indian Economy’s liberalization in the early 1990 has resulted in the conception of various private sector banks which resulted in great boom in the banking sector during the past two decades. These economic reforms sets new trend of greater autonomy, operational flexibility, interest rate deregulation, capital adequacy, income recognition, asset classification and exposure norms for state owned banks. Relaxing FDI norms in Banki
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