How indian banking system is different from foreign banking system?

BY SUKSHAM GOYAL

The interest rates charged by banks in India are much higher as compared to the foreign banking system.

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The banking sector in India is much more centralized than the foreign banking system.

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Indian banks are required to maintain higher levels of capital as compared to banks in foreign banking system.

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The government plays a much bigger role in the Indian banking system as compared to foreign banking system.

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Indian banks offer a much wider range of products and services as compared to foreign banking systems.

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The use of technology is much more widespread in Indian banks as compared to the foreign banking system. 

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The branch network of Indian banks is much more extensive as compared to the foreign banking system.

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The customer service in Indian banks is not as good as in the foreign banking system.

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The banking sector in India is plagued by a number of problems, such as high levels of non-performing assets, bad loans, and fraud.

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