Discuss the impact of liberalisation on co-operative banks with reference to deregulation of interest rates and prudential norms.
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This had great impacts on all areas of life in India. When a nation becomes liberalized, the economic effects can be intense for the country and for investors. The economic liberalization process begins by relaxing these obstacles and relinquishing some control over the direction of the economy to the private sector.
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Explanation:
The first bank established in India was Bank of Hindustan, which was started in 1770.
Second was The General Bank of India, which started in 1786
. The oldest bank still in existence in India is the State Bank of India. It was originated in the Bank of Calcutta in June 1806.
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