Activization of Innovative Activities of Russian Commercial Banks

Abstract

In the article the authors use systemic and historic analysis to determine the significant stages of formation and development of the Russian banking system. The authors study the monetary policy of the Bank of Russia and substantiate its influence on activization of innovative activities of commercial banks which determined the stability and reliability of the whole banking system. Despite the preconditions for activization of innovative processes in the banking sector, there still remains a range of unsolved problems. That’s why the authors allocated the key factors which allow reaching rapid development and allow the Russian banking sector to become competitive in the global banking society. As a result of the conducted study of modern tendencies that take place in the Russia’s economy and analysis of innovative activities of commercial banks and with the help of methods of scientific generalization, the authors substantiate the directions of development of innovative activities of commercial banks. The main of them are: development of electronic banking technologies, increase of quality and accessibility of banking services on the basis of development of modern types of customer service and improvement of security of banking business. It is found that as of now, the top-priority directions of activities of the Bank of Russia are development of national payment system and system of online banking.

DOI: 10.5901/mjss.2015.v6n3s6p201