I think the best reference for your question the following article
Of banks and bureaucrats. Economist [serial online]. June 4, 2016;419(8992):14. Available from: Academic Search Premier, Ipswich, MA. Accessed September 7, 2017.
here are some sources. I hope they are useful
Aggarwal, V. K., & Nayyar, R. (2017). Financial sector development, Foreign direct investment and economic growth in India: An empirical analysis. Asian Journal of Research in Banking and Finance, 7(6), 179-196.
Dwivedi, S., & Kumar, V. (2017). Role of Foreign Direct Investment and Indian Banking System. Journal of Bank Management & Financial Strategies, 1(1), 1-5.
Dwivedi, S., & Kumar, V. (2017). Role of Foreign Direct Investment and Indian Banking System. Journal of Bank Management & Financial Strategies, 1(1), 1-5.
Laxman, R., & Jagannath, S. (2017). Individual investment avenues in Indian financial system: A conceptual perspective. IJAR, 3(3), 687-692.
Bishnoi, T. R., & Devi, S. (2017). Indian Banking Structure: An Overview. In Banking Reforms in India (pp. 1-29). Springer International Publishing.
Ahamed, M. M. (2017). Asset quality, non-interest income, and bank profitability: Evidence from Indian banks. Economic Modelling, 63, 1-14.
Yukio Kihara THE FINANCIAL SYSTEM IN INDIA Wiley Blackwell (Blackwell Publishing) The Developing Economies Year:1962 Month: Day: Volume:1 Issue:Supplement s2 First page:144 Last page:151
Shukla, Smita Analysis of Banking System Performance of Select Global Economies with that of India – During and after the Global Financial Elsevier Procedia Economics and Finance Year:2014 Month: Day: Volume:11 Issue: First page:383 Last page:395
Singh, Jaspal India: Irregularities in Securities and Banking Transactions in the Indian Financial System in 1992 Emerald (MCB UP ) Journal of Financial Crime Year:1998 Month:03 Day: Volume:6 Issue:1 First page:87 Last page:92
Goldsmith, Raymond W. Premodern financial systems (A historical comparative study) || The financial system of Mughal India at the death of Akbar Cambridge University Press book Year:1987 Month: Day: Volume:10.1017/CBO9780511895630 Issue:7 First page:94 Last page:122
Kindly see..
http://www.pondiuni.edu.in/storage/dde/downloads/finiii_ifs.pdf
Also to be checked..
http://www.bankexamstoday.com/2017/04/overview-of-indian-financial-system.html
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