INFORMATION ABOUT INDIAN BANKING AND FINANCE
INFORMATION ABOUT INDIAN BANKING AND FINANCE
The Indian Banking and Finance sector is growing with an eye upon improving customer satisfaction and providing the best services. Banks have introduced ATM cards to make a traveller more safe and secure in the country. With the advent of technology and competition, it is the race towards the best. The commercial banking structure of India consists of two types of banks : Scheduled Banks and Unscheduled Banks, depending on which banks satisfy which criteria mention in the Reserve Bank of India (RBI) Act, 1934 and it plays the role of a central power.
Banks in India are classified as public sector banks, private sector banks and foreign banks. Today the banking system is spread all over the country and is highly competitive and includes the rural areas as well. The Nationalised banks of India offer various services like credit cards, loans, current accounts etc. The private banks also offer the same services with some additional features.
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