discuss the banking sector reforms in india?
Answers
Explanation:
It is the reform of the Indian banking sector under the objectives of solving the chronic nonprofit earning problems and strengthening of the overall health of the public sector banks to face international competitions. It was done in line with the recommendations of the Narasimham Committee formed in this purpose.
Major reforms that shaped Indian banking system
Reforms and changes that followed Nationalisation. ...
Major reforms. ...
Prudential norms. ...
Entry of new banks. ...
Regulatory supervision. ...
Statutory Liquidity Ratio (SLR) and Cash Reserve Ratio (CRR) ...
Deregulation of Interest Rates. ...
Legal reforms for recovery of NPA.
Answer:
The banking sector is the heart of all the economic activity of a country and a small change in its regulation affects the entire economy.
The example we all have seen is demonetization and how it influenced every one of us. In this article, we are going to discuss all the major Banking sector Reforms took place in India.
The banks are the institutions that impinge on the economy and affect their performance for better or worse. The banking system helps in
• Capital accumulation
• Growth by encouraging savings
• Mobilising the capital
• Allocating the capital for alternative uses, etc.
Explanation:
HOPE YOU UNDERSTOOD...