Chapter I Introduction 1.1 Indian Banking system Indian banking has a well develop banking system. Most of the banks in India were founded by Indian entrepreneurs and visionaries in the preIndependence era to provide financial assistance to traders, agriculturist, and budding Indian Industrialist. Indian Banks has played a significance role in the development of Indian economy by in calculating the habit of saving in India by lending finance to Indian Industry. The commercial bank structure in India consist of Scheduled commercial Banks and unscheduled banks. Scheduled commercial bank constitute those bank, which have been in the schedule of Reserve Bank of India(RBI) Act, 1934. RBI includes only those banks in the Schedule, which satisfied three criteria laid down vide section 42(6)(a) of the Act. Indian Bank can be broadly classified into Public sector banks, Private sector banks and Foreign bank. 1.2 Need for the study: Retail banking has been popular segment to enter into for many banks. In the retail banking, housing sector has been most promising segment which is promising a Comprehensive growth rate of about 30 per cent for the next five years. With the government keen on infrastructure development and announcing various tax Sops housing loan segment has been a tempted area for many banks to enter into housing sector can be bifurcated into organized and unorganized segments with the unorganized segments accounting for over 75 per cent of the housing units constructed. During the past 4 – 5 years the housing sector helped by the growing housing finance industry has witnessed significant developed.
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