Abstract The financial institutions play a significant role in the development of an economy. It is expected that the financial sector in the near future would witness increased competitiveness, dynamism, diversification, integration as well as the ability to provide world class services with the emergence of number of banks and financial institutions into the market. The footsteps towards financial progression are perceived as India had opened up the market for international entrants in the banking sector through Globalization, Liberalization and Privatization. Today India has more than 200 scheduled Commercial banks,…
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