Kerala Tradition & Fascinating Destinations 2014 Kerala Tradition & Destinations 2014 | Page 422

Indian Banking Industry-Amazing Strides
The pace of development for the Indian banking industry has been
tremendous over the past decade. Even when the world reeled under the
global financial meltdown, India’s banking sector, which has an eventful
history managed to maintain resilience while continuing to provide growth
opportunities, a feat unlikely to be matched by the banking sectors in
developed countries. Over the last three decades, there has been a
remarkable increase in the size, spread and scope of activities of banks
in India. The business profile of banks has transformed dramatically to
include non-traditional activities like merchant banking, mutual funds,
new financial services and products and the human resource development.
The advent of internet and other developments in communication
techno