Key Trends Ruling the Indian Banking Sector

For the longest time now, we have been familiarised with banking as an activity that deals extensively with accepting and safeguarding money belonging to a certain individual or entity, which is then let out as a loan towards a profit-making activity mostly to cover expenses. Even though this definition of banking is true, there is more to it!

Today, apart from the regular saving and deposit functions, banks make available add-ons like insurance, mutual funds, and even source account linked DEMAT facility. Cross-selling has become a central agenda at most banks. Likewise, the government introduces multiple schemes in the public interest, which are delivered through banks to the end recipient.

To develop an all-round understanding of this sector, it is essential that today's youth, who will become tomorrow's policymakers, bankers, and individuals responsible for managing their own finances, do have the requisite know-how of banking along with economics and other branches of finance.

This is one of the key aims with which we, at the Indian School of Business & Finance, one of the best B.Sc. economics and finance institutes in Delhi, have introduced an undergraduate program in the said stream. The idea is to enable our youth to understand the various facets of banking so that they can go on to make a successful career in the same.

So today, in this article below, we, at ISBF, will shed light on some common trends in the Indian banking sector that can essentially make or break the economy as a whole.

Read more:https://www.isbf.edu.in/blog/key-trends-ruling-the-indian-banking-sector/