Many economists, bankers and researchers in India often advocate that banks should equip themselves for new challenges. These challenges are in which of the following shapes/forms?begin{enumerate}item As India economy is getting increasingly integrated with the rest of the world the demand of the Corporate banking is likely to change in terms of size, composition of services and also the quality.item The growing foreign trade in India will have to be financed by the local banks.item Foreigners are habitual of the comforts provided by the technology. India has to do a lot in this reference.end{enumerate}

BANKING GENERAL KNOWLEDGE

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

Many economists, bankers and researchers in India often advocate that banks should equip themselves for new challenges. These challenges are in which of the following shapes/forms?

A	Only 1 is correct
B	Only 2 is correct
C	Only 3 is correct
D	All of the above

Explanation:

Detailed explanation-1: -Financial Security: Indian banking system provides financial security to the people by providing loans at competitive rates, paying reliable remittance services, etc. It helps people save their money and invest it in different financial instruments like Government securities, long-term bonds, etc.

Detailed explanation-2: -The banking system of India consists of the central bank (Reserve Bank of India-RBI), commercial banks, cooperative banks and development banks (development finance institutions). These institutions, which provide a meeting ground for the savers and the investors, form the core of India’s financial sector.

Detailed explanation-3: -Under the universal banking model, the Financial Holding Company (FHC) structure has distinct advantages and may be a preferred model.

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