Indian Banking Industry: It's Progress: An Empirical Analysis

Indian financial sector has been growing at a galloping pace, comparatively with other industries from the last three decades. At present, India is Geographical area 7th in the world - widely dispersed terrain Population - 2nd in the world-1.3 billion and by nominal GDP - 10th largest economy in the world with 30 States and 6 Union Territories, 644 districts,600,000 Villages-multilingual and multiethnic society along with above 150 public and private sector banks with more than 110000 branch network. Indian economy is currently going through a difficult period. However, the problems are not unique to India. Growth has also slowed down in many other Emerging Markets and Developing Economies (EMDEs). Present study motto of researchers' wants to finds out the challenges, opportunities and progress of Indian banking and to know reasons behind them. Finally, based on empirical findings reasonable recommendation and conclusion has given.