Basics of banking in India

Basics of banking in India

The banking system of a country upholds its economic development. Considering the economic condition of people, the need for financial services, and the advancements in technology that followed, the Indian banking industry has gone through major transformations over the past five centuries.

The banking industry handles finances in a country including cash and credit. Banks are the institutional bodies that accept deposits and grant credit to the entities and play a major role in maintaining the economic stature of a country. Given their importance in the economy, banks are kept under strict regulation in most of the countries. In India, the Reserve Bank of India (RBI) is the apex banking institution that regulates the monetary policy in the country.

As per the Reserve Bank of India (RBI), India’s banking sector is sufficiently capitalised and well-regulated. The financial and economic conditions in the country are far superior to any other country in the world. Credit, market and liquidity risk studies suggest that Indian banks are generally resilient and have withstood the global downturn well.

Banking in India forms the base for the economic development of the country. Major changes in the banking system and management have been seen over the years with the advancement in technology, considering the needs of people.

This Course contains explanation to basic banking terms,Bank Balance sheet,P & L ,Income ,Expenses,Risk of the Banks.All these Concepts are explained to make the students understand about banking in india. This course is useful for college students and professionals to understand the basic banking concepts.

In this Course the students learns about basics of banking in india

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What you will learn

• Basics of banking in india

Rating: 3.65

Level: Beginner Level

Duration: 6.5 hours

Instructor: Bhavishya Sri Perumal