Nationalisation of banks in India Research Proposal

Nationalisation of banks in India - Research Proposal ExampleIn order to regulate authorisation of banking institutions, many nations have nationalized the banks in their country. In India, this nationalisation has made it possible to establish bank branches throughout the nation and expansion of banking services to several areas of development. Moreover, this nationalization of banks had been instrumental in mobilizing deposits from citizens. Consequently, there had been a significant growth in deposits and advances. As such, most of the banks have expanded their branches and mobilized deposits (Bisht, Mishra and Belwal).The present banking system in India did non develop overnight. It was the result of the expansion reorganization process and the consolidation of resources. This process had developed gradually over a period of time. There were three historic phases in the development of the extant banking system, namely, the pre nationalization phase, the post nationalizatio n phase and the post liberalization phase. All these phases include the development of the market through in advance(p) measures and diversified expansion into financial services. The expansion process has not stopped with this. Increased Internet use had added a fourth dimension to the banking system. The Internet has totally changed the concepts and traditional look of the banking system. The traditional banking system has been transformed due to electronic cash deposits and withdrawals. The electronic delivery channels have provided far more choices to customers and hulking industries (Bisht, Mishra and Belwal).In the past, the banking system was solely devoted to its economic objectives. However, this perception changed, subsequent to the nationalization of banks. The nationalized banks have a societal responsibility and they have to fulfill social objectives (Bisht, Mishra and Belwal).The nationalization of banks commenced in the year 1969. In the first phase,