Index : 1,354 | 1Yr : +10.21% | 1Mo : +5.23%
Category : Sectoral Trackers
Min Investment : 22,979
The banking system plays a very significant role in the economy of a developing country. It is equivalent to the nervous system of the body and hence it has that reference. The money lending system in India has gone through various transformation in the post independence era. Since the liberalization of banks in the mid 1990s, a new generation of private banks started competing alongside PSU banks for the first time in several decades. The new policies shook up the industry landscape then. The rapid progress and use of technology early on has led to the to present day structure of our banking system.
The Indian economy is in an ongoing transformation and stable growth largely depends on the control and supply of credit through large lending institutions. History has shown that these institutions have a major impact on the economy as a whole and by the virtue of their actions, they can either elevate or eliminate healthy progress of nations.
Banking Magnates is a list of the most promising Public and Private sector banks in India which are in a position to benefit the most from the India growth story in the coming future.