Growth in the sector has been favoured by factors including low defaulter ratio, toughened sparingal growth, central banks clock intervention and pre-emptive adjustment of monetary policy. India has the potential to become the thirdly largest banking sector by 2050 after China and US, according to a PricewaterhouseCoopers (PwC) idea titled Banking In 2050. The expla nation states that India has particularly w! atertight long-term growth potential. Indian Banking Sector Key Drivers The banking sector in India is expected to have another dependable year during 2011, with growth being propelled by factors such as computable economic growth, favourable demographics and low penetration, according to a report titled Indian banks are likely to ride an economic growth wave, by research firm prototype & Poors. * The countrys economy grew by 8.5 per cent in the last fiscal and the government...If you want to channelise a full essay, order it on our website: OrderCustomPaper.com
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