International Research journal of Management Science and Technology

  ISSN 2250 - 1959 (online) ISSN 2348 - 9367 (Print) New DOI : 10.32804/IRJMST

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A STUDY ON IMPACT OF GLOBAL FINANCIAL CRISIS ON INDIAN BANKING INDUSTRY

    1 Author(s):  DR. E. LOKANADHA REDDY

Vol -  8, Issue- 7 ,         Page(s) : 13 - 24  (2017 ) DOI : https://doi.org/10.32804/IRJMST

Abstract

The future of Indian Banking Industry is highly influenced by Globalization. But on the other hand; globalization brings losses, along with the profits. The subprime mortgage crisis 2008 in the US impacted the whole world. The global turmoil has accentuated significantly during 2008 so far and its adverse impact on the real sector is clearly in evidence. Many advanced economies are experiencing recessionary conditions. The financial crisis seems to have entered a new turbulent phase since September 2008, which has severely impaired confidence in global financial institutions and markets.

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