Prepare an overview of the Banking Sector of INDIA. Mention your Essay

Prepare an overview of the Banking Sector of INDIA. Mention your sources - Essay Example This has led to competition and generated new level of expectations among the consumers. The Reserve Bank of India (RBI) is the central bank of the country and it closely monitors the developments in the financial sector. The banking sector is dominated by Scheduled Commercial Banks (SCBs) including 27 Public Sector Banks (PSBs), 31 Private, 42 Foreign and 196 Regional Rural Banks as of March 2002 (Research & Markets, 2009). In addition, there were 67 scheduled co-operative banks consisting of 51 scheduled urban co-operative banks and 16 scheduled state co-operative banks. State Bank of India (SBI) is the largest bank in India with a market share of 20 percent while ICICI is the second largest bank in India. The commercial banks include the former development financial institutions (DFI) such as the ICICI and the IDBI. The commercial banks have on their books very long-duration GOI securities with some banks holding as much as 45 percent in these securities (Mor, Chandrasekhar & Wahi, 2005). The GOI and the RBI together direct and govern the functioning of the banks (Ra vichandran, 2003). The initiatives or the stimulus package by the GOI has transformed the banking industry which reflects in the significant growth in the banking sector as studied by Dun & Bradstreet, an international research body. Taking into account all banks of India, as of 2009, there are 56,640 branches or offices, 893,356 employees and 27,088 ATMs (IBEF, 2009). Public sector banks dominate the industry comprising of 87.7 percent of all offices, 82% of staff and 60.3% of all ATMs. As on 2nd January 2009, the aggregate bank deposits stood at 21.2% while the ban credit touched 24% against 21.4% as on January 4, 2008. There has also been an increase in the total flow of resources from the banking sector to the commercial sector which stood at US$ 58.83 billion up to January 2, 2009. Credit expansion varies across bank groups.

How Art Deco came to be Term Paper Example | Topics and Well Written Essays - 750 words

How Art Deco came to be - Term Paper Example It mainly affected decorative arts, such as furniture, architecture, graphic arts, pottery or jewelry, but its influence extended to other artistic fields like films or fashion. â€Å"This movement was, in a sense, a broad umbrella covering many different artistic styles and movements in the early 20th century such as Neoclassical, Constructivism, Cubism, Modernism, Bauhaus, Art Nouveau, and Futurism†. As Carol Fisher says, its origins are rooted in a reaction to the flowing motifs and fussiness of Art Nouveau with its emphasis on individual craftsmen made pieces. Its strongest points were its elegance and functionality. It was mainly based in geometric forms, zigzags and curves, and it is said that it was influenced also by tribal arts from Central America or Africa. Of course, the epoch’s advances in machinery and technology also influenced Art Deco, especially in the use of new materials such as crystal, steel, aluminum, lacquer or inlaid wood. These materials were u sed to produce pieces of art with staggered motifs, streamlined forms, stylized lines, gentle clean curves and rosette patterns. Exotic motifs and patterns inspired in nature, like plants or flowers, were also typical in Art Deco’s works of art. The declination of Art Deco came when it started to be seen as extremely loud, excessive and opulent art. Art Deco was finally ended, until the 80s, when there was an interest for it coming from graphic designers. Some colonial countries like Philippines continued using Art Deco until 1960. (Pheebay.com, "So What is Art Deco Design", October 2008. http://www.pheebay.com). Streamline Moderne was the artistic movement which followed Art Deco as a consequence of the Great Depression of 1929, based in the principles of aerodynamics and the simplicity of lines, ideas that were more in agreement with the sobriety of that period. Some splendid examples of Art Deco buildings could be the spire of the Chrysler Building or the Rockefeller Center in New York, the Bacardi Building in La Havana, the Goinia Theatre in Brazil, the BBC Broadcasting House in London, Palais de Tokyo in Paris or the Sta. Cecilia's Hall in Manila. Also, magnificent examples can be found in