ABSTRACT

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A large number of foreign banks are now keen on opening shop in India to gain a critical mass by April 2009, when private banking space is expected to open up for foreign players. Foreign Banks in India always brought an explanation about the prompt services to customers. After the set up foreign banks in India, the banking sector in India also become competitive and accurative. The share of foreign banks in the business done in the country (deposits and advances) has been hovering between 5 and 7 per cent during the past decade.