Preparing Graduates for the Indian Banking Industry

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Author(s): Onkar Nath (Central Bank of India, India)and Tukaram U. Fulzele (Indira Gandhi National Open University, India)
Copyright: 2013
Pages: 16
Source title: Evolving Corporate Education Strategies for Developing Countries: The Role of Universities
Source Author(s)/Editor(s): B. PanduRanga Narasimharao (Indira Gandhi National Open University, India), S. Rangappa Kanchugarakoppal (Karnataka State Open University, India)and Tukaram U. Fulzele (Indira Gandhi National Open University, India)
DOI: 10.4018/978-1-4666-2845-8.ch018

Keywords: Business & Technical Education / Business Education / Business Science Reference / Education

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Abstract

Banking has come to occupy a vital position in a nation’s economy. In today’s world, banking is a business which not only deals with borrowing, lending, and remittance of funds but it is important for forecasting economic growth. As a result of knowledge explosion besides other factors, in the last two decades banks in India have witnessed a transition from traditional banking to modern technology driven banking. Exposure to competition has made these banks re-engineer and re-structure their processes, systems, and product line. Indian industry and Indian exports are greatly dependent on the banking sector which in turn, has to achieve the highest international standards. Introduction of innovative delivery channels at par in the banking by all types of banks have opened new challenges to the bankers and the banking industry. At present there is need for techno-bankers.

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Preparing Graduates for the Indian Banking Industry

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