Indian Banking: Present Challenges (Hardcover-2024)

The role of the banking sector in the economy of a nation is of utmost importance as it facilitates financial intermediation, credit allocation and overall economic growth. Indian Banking explores a range of contemporary issues that shape this sector, including an in-depth examination of its current structure and the various types of banks operating in India. It also analyzes the influence of global developments and the implementation of recommendations by international organizations on India's banking system. Moreover, the book delves into the functions and responsibilities of the Reserve Bank of India (RBI) and explores the intricate relationship between the Government of India (GOI) and the RBI. The mechanisms behind interest rates, including their determination and movement within the Indian economy, are thoroughly explored as well.

The book also delves into the consequences of the 2016 demonetization, the roles played by urban and rural cooperative banks, and the present state of the deposit insurance system in the country. One of the key messages of the book is the significance of addressing these issues in order to establish a robust and efficient banking sector in India. By scrutinizing the present aspects of Indian banking, global developments, the roles of key stakeholders and government policies, the book offers valuable insights into the challenges and opportunities within the Indian banking sector..

M.S. Shetty, a retired General Manager of a nationalized bank, began his professional journey at the Fort Mumbai branch of the Oriental Bank of Commerce. Throughout his career, Mr. Shetty demonstrated dedication and expertise, eventually rising to the position of General Manager. Hailing from Udupi in the Karnataka state, Mr. Shetty completed his B.Sc. degree from MGM College Udupi, which is affiliated with Mysore University. His educational background equipped him with the necessary knowledge to excel in the banking industry. In 1974, he obtained the Certified Associate of Indian Institute of Bankers (CAIIB) certification, further solidifying his expertise in the field.

Besides his professional accomplishments, Mr. Shetty has made valuable contributions to the banking sector through his writing. He has authored numerous books on Indian banking, commencing his literary career with the publication of his first book, Banking in India, in 2013.