The general banking scenario of India has become very dynamic now-a-days. Before pre liberalization era, the
picture of Indian Banking was completely different as the government of India initiated measures to play an active
role in the economic life of nation, and the Industrial Policy Resolution adopted by the government in 1948
envisaged a mixed economy. With an adverse effect of global recessions on Indian industry and service sector, the
Real GDP growth rate of India, has declined from 9.6% in 2006-07 to 9% in 2007- 08. But the overall growth of real
Prate of the India economy during 2007-08 was noteworthy in the global context. With the potential to become
the fifth largest banking industry in the world by 2020 and third largest by 2025 according to KPMG-CII report,
India’s banking and financial sector is expanding rapidly. The Indian Banking industry is currently worth Rs. 81
trillion (US $ 1.31 trillion) and banks are now utilizing the latest technologies like internet and mobile devices to
carry out transactions and communicate with the masses.(Kakani et al(2011)