An Analytical Study of Universal Banking in India

Author: Aggarwal, Richa & Garg, Shubhra

Abstract:
In the Indian banking scenario, Universal Banking is a new concept. It can be said to be a provider for different financial products under a single roof. Other sectors like Business houses, households, etc., can avail many financial services like loans, insurance, stock market investments, etc. while doing routine banking like withdrawal and deposit. In India, too, many opportunities are available and exploited in the banking sector as a universal bank. In this paper, an attempt has been made to study the prospects and impact of Universal Banking in the Indian market. The banking sector in India diligently follows the worldwide trend in global financial developments. It is believed that the concept of global super financial markets could play an essential role in the future by the opening of the Indian Banking sector to foreign players.

Keywords:Financial Institution, Supermarkets, Universal Banking, Development Financial Institutions(DFIs).

DOI:

International Journal of Trade & Commerce (Vol: 10 Issue:2)