After opening up of the economy in most sectors, 1991 onwards, this industry has been no exception and has experienced a gradual development. Several reforms have been initiated in this sector ranging from interest rate liberalization to restructuring of the public sector banks to increased competition and hence efficiency. Banks today are expected to exhibit more discipline. In tune with this, the banking sector has undergone structural changes during the last decade. Methods : The detailed case study analysis of various instruments has been conducted to know its practical implications viz…Debit card, Credit card, Pre-paid cards, e-purse, e-wires of money orders, e-banking, e-loans, Electronic data interchange (EDI), Proliferation of ATM, Smart cards. Conclusion: A critical constraint in this role for banks is poor corporate governance of the banks themselves. When banks are controlled by the government, frequent interference by bureaucrats or politicians limits the scope for relationship banking. In the case of banks that are owned and controlled by family-based business groups, relationship banking is likely to be geared toward maximizing family interests
Loading....