Confessions of a central bank: The RBI admits to problems with India’s banking structure

Bad management, lack of scale, diversion of funds, bad or non-existent corporate governance, and lack of financial strength have all combined to wreck India's attempt at creating many smaller banks instead of a smaller number of behemoths The discussion paper that the RBI has floated on entry norms for new banks in private sector spends …

How many banks are there in India?

Quick answer: 2293 banks (not branches, but banks. Eg. ICICI bank is counted as one bank) The discussion paper by the RBI on entry of new  banks in the private sector in the country has some interesting data on the banking industry in the country. For those who are too busy to read the paper, …