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- Title
Impact of Globalization During the Period 2003 to 2017 - A Case of Bank of Baroda.
- Authors
Korde, Abhay; Laghate, Kavita
- Abstract
India is a developing economy and making efforts to be amongst the top three economies of the world. This is possible only if we have sound financial systems to take care of not only related to a particular sector but to satisfy the changing needs of the customers. There are three distinct spells of development of Banking industry in post independent India, the pre-nationalization era from 1947 to 1969, the post-nationalization cum pre-liberalization era from 1969 to 1991 and the neo-liberalization era from 1991 onwards. The Literature Review has been conducted to find out what other research scholars have studied about Globalization, Impact of Globalization and Reverse Globalization on the economy of the country. The authors try to study as to what is Inclusive Growth, Globalization and Reverse Globalization and its impact on an Indian Public Sector Bank i.e. Bank of Baroda. They try to study the past history of Bank of Baroda, Initiatives of the Bank, Business Indicators, IT Services enabled at the Bank, Social Commitment (CSR), Subsidiaries and Joint Ventures of the Bank and Global presence of Bank of Baroda. A study of select parameter wise position of the bank, related to its progress during the pre-financial crisis period (2002-2003 to 2006-07), financial crisis period (2007-2008 to 2011-2012) and post-financial crisis period (2012-13 to 2016-2017) and overall period of fifteen years from 2002-2003 to 2013 to 2017 and Analysis of Increase/Decrease during that period. Also, a note is taken at the future vision of the Bank according to the changing global scenario. The paper analyses the latest phase of globalization that has helped the bank to launch new products and establish its global presence and banking in India.
- Subjects
INDIA; GLOBALIZATION; BANK of Baroda
- Publication
Wealth: International Journal of Money, Banking & Finance, 2018, Vol 7, Issue 3, p112
- ISSN
2277-9388
- Publication type
Article