Technological innovations and advancements have spread into every sphere of life and banking is no exception. With competition being tough and fierce, business, especially banking, has to adopt new methods and techniques. Modern banking essentially implies use of modern technology and communication tools, for example, computer and the Internet, for bringing about more efficiency and speed in banking operations and making them more and more customer friendly and customer focused. This accessible and well-written text examines the latest developments in the Indian Financial System and the significant roles the Indian Banking Sector has played in the development of the economy. Thoroughly practical and comprehensive, the book discusses the modern trends in Indian banking, especially its prospects with the use of technology and other core areas of banking. It covers a wide range of topics such as financial markets and institutions the role of central banks in different countries, including the role of RBI which is the central bank of India basic lending principles methods of remittance services approach and micro-credit. Besides, it dwells in details on venture capital, credit rating, modern e-payment systems, core banking and hi-tech banking.