Released on = June 7, 2006, 4:45 am

Press Release Author = RNCOS

Industry = Financial

Press Release Summary = RNCOS Research: (http://www.rncos.com/Report/FM005.htm)
Several benefits and threats are associated, with the banking sector in India on the
much-hyped phenomenon called "globalization".

Press Release Body = RNCOS Research: (http://www.rncos.com/Report/FM005.htm) Banking
sector in India is expanding at an incredibly faster pace, with more and more banks
realizing the benefits offered by globalization.

Publicly owned banks handle more than 80% of the banking business in India and the
rest is in the hands of private sector banks. However, banking in both the
government and private sector is being revolutionized by this latest phenomenon
called "globalization".

Globalization has offered a number of advantages to the banking sector in India.
Remarkable advancements in communication and information technology have facilitated
the globalization of these domestic banks. Apart from the benefits, several risks
are also associated with the opportunities made available by globalization.

In order to fortify the Indian baking sector against the risks involved in
globalization, appropriate regulatory, prudential and supervisory framework need to
be adopted. This will help in strengthening the domestic banking system in a global
environment.

As per the latest market research report named, "Indian Banking Sector Analysis
2007", published by RNCOS, "The banking sector in India is heading towards
consolidation. There are about 90 players in the banking sector in India, with 30
competitors from each of the public, private and foreign sectors. With so many
players present in the banking sector in India, a few of them will emerge as global
competitors in the near future".

The report highlights:

§ An overview of the current trends in banking sector in India to enable the clients
in the analysis of the cutting edge opportunities available in this sector.
§ Profiles of 5 prominent players, from each of the public, private and foreign
segment, in the banking sector.
§ Discussion of the opportunities and challenges faced by the banking sector in India.
§ Future forecast of the banking industry in India till the year 2010.

The report provides a comprehensive view of the overall banking industry in India.
Analysis of the current as well as future trends of the Indian banking industry is
also included in it. The report is a must read for domestic and foreign investors
and businesses.

About RNCOS:
RNCOS, incorporated in 2002, provides Market Research Reports for your business
needs and aims to put an end to your information pursuit. Our expertise in gathering
global business information for industry research, corporate training, growth
consulting, and business consulting, brings reputed companies and firms to us for
business enhancement solutions. We can be your one-stop-shop for Industry research
information and niche market analysis.

To purchase your copy: http://www.rncos.com/Report/FM005.htm
For more information about the report please visit www.rncos.com


Web Site = http://www.rncos.com

Contact Details = RNCOS
Shushmul Maheshwari
Head of Business Development
29, 1st Floor, Patparganj Industrial area, Delhi 92
91-11-4214-1229
info@rncos.com