Necessity of Universal Banking Services with Comparison Between SBI and ICICI Bank

Abstract

Why the necessity of study of universal banking services because the universal banking has witnessed a unique growth over the past ten years. Universal banking system has become the boon to the banking sector. The rise of universal banking offers a unique setting for investigating the banking firm-level real effects of financial development. Universal banking refers to a financial institution offering commercial as well as investment banking services which also include services related to savings, loans and investments but in real practice, institutions which offer a wide range of financial services, beyond commercial banking, investment, investment banking and various other activities including insurance are regarded as universal banking. The resulted that the comparisons of both banks have universal banking system which is affecting the profitability and efficiency of the banks. The objectives of the study are to identify the various factors which affect universal banking in India, to check the relationship of universalisation on efficiency and profitability of State Bank of India and ICICI Bank and also to compare the efficiency and profitability between State Bank of India and ICICI Bank.

Keywords: Commercial, Efficiency, Investment banking, Profitability, Universal banking.

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