ROLE OF FOREIGN DIRECT INVESTMENT (FDI) IN INDIAN BANKING SYSTEM-AN OVERVIEW

Authors

  • Harshanya P. Harshanya, Research Scholar, Department of GUAM Hyderabad Business School, GUAM (Deemed to be University), Hyderabad
  • Dr. N. Roopalatha Assistant Professor, Department of GUAM Hyderabad Business School, GUAM (Deemed to be University), Hyderabad Campus.Rudraram, Telangana State, India
  • Dr. P. Sridhar Assistant Professor, Department of GUAM Hyderabad Business School, GUAM (Deemed to be University), Hyderabad Campus.Rudraram, Telangana State, lndia

Keywords:

Foreign Investment, Indian Banking Sector, oreign Direct Investment (FDI), Private Banks, Public Sector Banks

Abstract

The Indian banking sector has established a critical platform for the country’s economic progress and wealth formation. The banking system is the pivot around which the economy of a country revolves. Any economy’s backbone is a functioning banking system. The importance of banks in the growth and development of any economy cannot be overstated. This does not need to be stated again. Since the liberalization and reforms of 1991, the Indian banking industry has changed dramatically, and Indian banks have expanded far outside their traditional regions of operation. One of the important initiatives in a broader reform agenda was to open up the Indian banking sector to international participation. India currently allows a total foreign participation in private banks of up to $1 billion

References

K.B. Laghane, "Foreign Direct Investment and the Indian Banking Sector," Recent Advances in Management, Marketing, and Finance, ISBN 978-960-474-168-7 |

2. Arjun Singh and Narender Singh (2011), "Foreign Direct Investment in the Indian Service Sector," International Journal of Economics 2(2), 10-18 |

ACCMAN - GYANPRATHA (Journal of Management, Vol. 5 (1), 2013)

Bhattacharyya Jita and Bhattacharyya Mousumi, "Impact of FDI and Merchandise and Services Trade on Economic Growth in India: An Empirical Study," Bhattacharyya Jita and Bhattacharyya Mousumi, "Impact of FDI

Dr. Kunal Badade discusses foreign direct investment in the banking sector as a boom in disguise.

Karnataka benefits from FDI in banking.

The Economic Times story on FDI in banks.

http://www.rbi.org/

sebi.gov.in/India, j&p content 10. www.indiabudget.nic.in | Disp+FIIT TrendsArango, S. and M.I. Nadiri, 1981, Demand for Money in Open Economies, Journal of Monetary Economics, 7(1), 69-83.

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Published

2022-09-30

How to Cite

Harshanya, Dr. N. Roopalatha, & Dr. P. Sridhar. (2022). ROLE OF FOREIGN DIRECT INVESTMENT (FDI) IN INDIAN BANKING SYSTEM-AN OVERVIEW. The Journal of Contemporary Issues in Business and Government, 28(3), 828–835. Retrieved from https://cibgp.com/au/index.php/1323-6903/article/view/2417

Issue

Vol. 28 No. 3 (2022): The journal of contemporary issues in business and government

Section

Articles

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