Current trends in Indian banking

After the imposition of social control measures on the banking system in the country in 1968 and after the nationalisation of the 14 major scheduled banks, banking in India acquired a new meaning, significance and dimension. Since then, banking has developed very fast in the area of deposits, credit, branch expansion and in many other varied activities, which are unconventional and innovative. The focus has been increas ingly to render greater help to the priority, neglected and weaker sections of the economy.

Over a period of 10 years now banking in the country has been growing in a complex manner. Thoughts of new ideals and their experimentation have made banking quite thrilling. It is now more a socio-economic banking in India that is spreading to the masses to make the country richer from the grass-root levels.

Mr. B. Ramachandra Rao, the author, in this book containing 35 Chapters quite interestingly discusses and gives glimpses of diverse topics in banking putting forth thought-provoking views and ideas in a very pragmatic manner. The readers will be greatly benefited by reading this book y projects very much the current trends in Indian Banking under various aspects of its functioning. The nationalisation of which further 6 banks on 15th April 1980 has given a further strength to the public sector banks the to acquaint themselves creditably in serving the masses in the country. In the next 10 years in 1990s, banking will have to face new challenges and the trends will definitely have

a different turn. "Current Trends written by a professional banker having more than 24 years of banking service in diverse in Indian Banking" is orientation in each chapter is well fields. The realistic approach and the bank bear out e author has the wide practical experience t in the field of banking. The worth owning for t value of the topics so ably dealt with by the author