Banking is the need of time. Modern era banking has brought much convenience and ease to a customer. What used to be in past, hardly seems to be present today. The banking system has progressed by leaps and bounds.
It has been among the major contributors of the economy. With the timely intervention of RBI, the banking sector in India emerged largely unscathed from the global financial crisis of 2007-08, but faced a slowdown in the momentum of growth due to the weakening of trade, finance and confidence channels. It is time banks should seriously consider upgrading their system and migrating to advanced approaches………………………………………..Full Article: Source