The future of Indian banking looks quite exciting with Competition intensifying which would lead to consolidation, though foreign banks are likely to jump into the fray only by 2009, New regulations pertaining to corporate governance and BASEL II coming into effect which would make the banking infrastructure more robust and transparent, Technology being adopted aggressively by banks to make processes efficient and cost-effective, provide services 24X7 and analyze customer data to offer products and services tailor-made to suit their tastes new segments emerging which would enable banks to tap into new markets and offer new products and services product and service innovation by banks (both foreign and Indian), offering the customer greater choice.