RISK AND TECHNOLOGY MANAGEMENT IN BANKING INDUSTRY

The Indian financial system, particularly the banking system is very diverse. All over India there are numerous co-operative banks and the Regional Rural Banks. And, there are some highly profitable foreign banks. There are many odd entities known as NBFCs ? Non-Banking Finance Companies. The regulatory authority for all these, except for the co-operative banks, is the RBI ? Reserve Bank of India. India still does not have world class banks. However, the huge size of the State Bank of India, coupled with the strength of several subsidiaries, is an indication that the Indian banks can go global.