The World and the Indian Banking Industry

The Indian banking industry is presently in a situation of great flux. There are various developments, changes within the Indian economy and deregulations occurring that have the potential to drastically change the way this industry functions in the future. As per the changes envisaged by the Reserve Bank of India (RBI), a roadmap has been laid down to gradually deregulate this sector to the foreign banks. This paper discusses related issues that Indian banks might face in the future and tries to draw uopn the experiences of other developing countries.