Vol: 3, Issue: 2 2013

Page: 57-64

Internationalisation of Indian Banks and Global Scenario in Banking

Imran Ahmad

Received Date: 2013-03-25

Accepted Date: 2013-04-23

Published Date: 2013-05-24

On one hand, increasing integration of the economies and markets is making global banking a reality while, on the other hand global banks are the drivers behind global trade and corporate globalisation. International banking is a key component of the global economy and it’s important in the context of developing economies like India, China, Brazil and other countries. International banking is central to the flow of capital around the world through provision of loans, supply of financial advice and involvement in securities markets. This trend is accepted and endorsed in India Banking Vision 2012 by Indian Banks Association (IBA) which envisions the greater presence of international players in India financial system and some of the Indian banks becoming global players in coming years. Indian banks in pursuit of Internationalisation are better off in adherence to rules and regulations and adapting technology but have to set things right on the front of the Smart banking products and swift execution of financial services and strategic partnerships, as these four factors strengthen Indian banks aspirations to become truly international.

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