The banking system of India

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Abstract

The article is devoted to the banking system of India. The paper considers and analyzes the structure of the banking system, the history of its formation, its role in the country's economy, key features and main development trends. The specific features that distinguish the banking system of India from the banking systems of other countries are highlighted. The functions of different types of banks in servicing business and the population are considered. The role of the state in the functioning of the banking system is analyzed. The forecast of changes in the banking system in the light of the unfolding global economic crisis is given.

About the authors

Vladimir N. Grigoriev

Moscow International Higher Business School MIRBIS (Institute)

Author for correspondence.
Email: pluton67@mail.ru

PhD, Docent of the Institute for Advanced Studies

34 Marksistskaya St, bldg 7, Moscow, 109147, Russian Federation

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Copyright (c) 2020 Grigoriev V.N.

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