Commercial Banking has taken several twists and turns over the last few decades. Traditional banking is yet to standardise and reach the rural / needy population in India. In the initial years after independence in 1947, the only parallel was Developmental Banking in organisations like IFCI, ICICI and IDBI. Later a few more were added like NABARD, IDFC, SIDBI, EXIM Bank, IL&FS, IIFCL and so on. In the last two decades or so, new dimensions like Investment Banking, Corporate Banking, Rural Banking, etc have also appeared on the Banking scene.
With the economies going up and down Narrow Banking, Lazy Banking and Universal Banking and lately with the advent of Information Technology, Virtual or Internet Banking also came in. Recent times, Retail Banking and Mobile Banking are dominating the scene. And now, to read about Visible Banking and Shadow Banking besides of course, Door Step Banking is very interesting. All these are innovations!