Analytical Study Of The Indian Banking Sector'S Development And Trends

Today, we have a tendency to area unit having a reasonably well-developed banking industry with completely different categories of banks public sector banks, foreign banks, personal sector banks, each recent and new generation, regional rural banks and co- operative banks with the banking company of Republic of India because the fountain Head of the system. within the banking field, there has been associate degree unprecedented growth and diversification of industry has been thus prodigious that it's no parallel within the annals of banking anyplace within the world. In most rising markets, banks’ assets comprise spill eightieth of total monetary sector assets, whereas these figures area unit considerably lower in developed economies. In most rising market economies, the 5 largest banks (usually domestic) account for over common fraction of bank assets. These figures area unit abundant lower in developed economies. Another distinction within the industry in developed and rising economies is that the degree of internationalizations of banking operations. Internationalization outlined because the share of foreign-owned banks as a share of total bank assets, tends to be abundant lower in rising economies. This pattern is, however, not uniform inside world regions. The industry has intimate with a series of great transformations within the previous couple of decades. Among the foremost necessary of them is that the modification within the style of organizations that dominate the landscape. Since the eighties, banks have redoubled the scope and scale of their activities and several other banks became terribly giant establishments with a presence in multiple regions of the country. The paper examines the Trends and progress of Indian industry. The Indian banking system consists of 12 public sector banks, 22 private sector banks, 44 foreign banks, 43 regional rural banks, 1,484 urban cooperative banks and 96,000 rural cooperative banks in addition to cooperative credit institutions. As of September 2021, the total number of ATMs in India reached 213,145 out of which 47.5% are in rural and semi-urban areas. As of July 29, 2022 bank credit stood at Rs. 123.69 lakh crore (US$ 1,553.23 billion). As of July 29, 2022 credit to non-food industries stood at Rs. 123.36 lakh crore (US$ 1.54 trillion). Key words: Indian Banking Sector, rising Trends & Progress and rising Economies.