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Yojana (English)

February 2010 issue of Yojana Focusses on “ Banking Sector in India”.

• Banking Sector : Emerging Challenges- K.R.Kamath

Banks and other financial institutions would require adopting aggressive practices of continuously improvising and innovating themselves as strong and reliable brands. Those who survive and prosper would be those who keep the focus on customers. shareholders and employees, and who have the vision, patience and resolve to make things happen on ground, howsoever difficult the conditions are.

• Indian Banking Sector: Sound and Resilent.- K.B.L.Mathur

Commercial banks have shown a healthy growth rate and an improvement in performance as is evident from capital adequacy, asset quality, earnings and efficiency indicators. In spite of some reversals during the financial year 2008 -09 (up to September 2008), the key financial indicators of the banking system do not throw up any major concern or vulnerability and the system remains resilient.

• The Credit Plus Approach to Rural Development- K.G.Karmakar

NABARD has been addressing all these tasks in equal measure is a tribute to the excellent systems and processes and staff, NABARD has been able to deploy, alongwith its slender financial resources without any concessional funding. The support of RBI, banks and the State/Central Government has ensured that the task of rural development is continued at rapid pace. The use of technology as also innovative systems and processes ensures due efficiency and continued effectiveness in the assault on poverty. The aim of commercializing agriculture and enabling farmers, the largest private Sector segment in the country, to reap the benefits and earn profits from their labour is our avowed goal.

• Nationalised Banks Fare Well With Third Generation Customers- Tripti Nath

Most customers are of the view that private banks have played a crucial role in the development of the Indian banking more efficient and customer friendly. A third generation customer of a nationalized bank said that private banks should be given due credit as they are tech savvy and have compelled complacent nationalized banks to think of new schemes and innovative ideas to retain their loyal customers. • Automation of Banking Sector in India- V.Dheenadhayalan

So in order to be more competitive, appropriate action should be taken to archieve healthy growth in terms of both business volume and profitability by enhancing distribution network to rural areas. There is a need to bring about financial inclusion by using technological inputs such as smart cards, biometric IDs, E-Cheques and mobile handsets, on a massive scale to increase the reach of banking services to the remote and rural areas and to the people so far excluded from these services.

• Evolution of Banking- Avanindra Nath Thakur

The evolution of the banking sector in India and its role towards the growth and development of the country has been distinct and definitive. It has been responsive to the needs of the time and has catered to the demands of the economy as a whole.