Open AccessThe banking system of India
Author(s) -
Vladimir N. Grigoriev
Publication year - 2020
Publication title -
vestnik rossijskogo universiteta družby narodov. seriâ èkonomika
Language(s) - English
Resource type - Journals
eISSN - 2408-8986
pISSN - 2313-2329
DOI - 10.22363/2313-2329-2020-28-4-661-667
Subject(s) - business , commercial banking , financial system , population , retail banking , state (computer science) , economy , economics , computer science , demography , algorithm , sociology
The article is devoted to the banking system of India. The paper considers and analyzes the structure of the banking system, the history of its formation, its role in the country's economy, key features and main development trends. The specific features that distinguish the banking system of India from the banking systems of other countries are highlighted. The functions of different types of banks in servicing business and the population are considered. The role of the state in the functioning of the banking system is analyzed. The forecast of changes in the banking system in the light of the unfolding global economic crisis is given.