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Indian banks and the global challenges* It gives me great pleasure and privilege to record in the Seminar jointly hosted by Indian Merchants Chamber and IBA at a juncture when financial services sector crossways jurisdictions is going through a strong phase of increase globalisation. Integration of economies leads to integration of financial markets catalyzing the globalisation process. The growing region of the financial sector in allocation of resources has significant potence advantages for the efficiency with which our economy functions. Consequently, the adverse consequences of malfunction of the financial ashes are likely to be more severe than they utilise to be in the past. Hence, all our efforts today are pore at ensuring greater financial stpower. Given the significance of the Indian banking system, one cannot afford to underplay the importance of a fertile and resilient banking system. 2. globalization a challenge as salubrious as an opportunity 3.The benefits of globalisation have been well documented and are being increasingly recognised. Globalisation of domestic banks has also been facilitated by tremendous advancement in information and communications technology. Globalisation has thrown up lot of opportunities but accompanied by concomitant risks.

There is a growing realisation that the ability of countries to conduct business across national borders and the ability to argue with the possible downside risks would depend, inter-alia, on the soundness of the financial system and the carriage of the individual participants. Adoption of appropriate prudential, regulatory, supervisory, and technological framework on par with international best practices enables strengthening of the domestic banking system, which would uphold in fortifying it against the risks that might arise out of globalisation. In India, we had modify the banking sector to face the pressures that may arise out of globalisation by adopting the banking sector reforms in a... If you want to get a full essay, order it on our website: Orderessay

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