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Banking and Insurance Sector in India:Recent Trends, Challenges and Feasible Growth Measures


Affiliations
1 Department of Management, MSS’s College of Engineering and Technology, Nagewadi, Jalna (MH) – 431203, India
 

India's rapid rate of economic growth over the past decade has been one of the more significant developments in the global economy. This growth has its ischolar_mains in the introduction of economic liberalisation in the early 1990s, which has allowed India to exploit its economic potential and raise the population's standard of living.

Banking and Insurance sector has a very vital role in this process. From inception till today these two sectors have gone through drastic changes with changing demographics and priorities of country people. The challenges of changing regulations and rapid growth of technology had impacted these two sectors and changed the way of its operations in various manners and paved way to take feasible actions for this purpose.

Banking and Insurance sector comprises of public and private sector, having own set of issues, this paper tries to highlight features of these two sector, recent trends, challenges faced today and tries to suggest some feasible measures for growth of these two sectors in Indian context.


Keywords

Public Sector Banks, Bank, Insurance, Penetration, Financial Inclusion.
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Abstract Views: 491

PDF Views: 277




  • Banking and Insurance Sector in India:Recent Trends, Challenges and Feasible Growth Measures

Abstract Views: 491  |  PDF Views: 277

Authors

Hrishikesh S. Kakde
Department of Management, MSS’s College of Engineering and Technology, Nagewadi, Jalna (MH) – 431203, India

Abstract


India's rapid rate of economic growth over the past decade has been one of the more significant developments in the global economy. This growth has its ischolar_mains in the introduction of economic liberalisation in the early 1990s, which has allowed India to exploit its economic potential and raise the population's standard of living.

Banking and Insurance sector has a very vital role in this process. From inception till today these two sectors have gone through drastic changes with changing demographics and priorities of country people. The challenges of changing regulations and rapid growth of technology had impacted these two sectors and changed the way of its operations in various manners and paved way to take feasible actions for this purpose.

Banking and Insurance sector comprises of public and private sector, having own set of issues, this paper tries to highlight features of these two sector, recent trends, challenges faced today and tries to suggest some feasible measures for growth of these two sectors in Indian context.


Keywords


Public Sector Banks, Bank, Insurance, Penetration, Financial Inclusion.

References