Indian Banking has witnessed major changes starting from nationalization in 1969 of 14
private sector banks again to privatization of banks in 1990s. Year 2014 resulted in
setting of small Payment Banks in different nooks & corners of the country to a
diametrically opposite step of mergers and consolidation of many weak public sector banks with a few large banks in 2018/19. What has been the economic & financial
compulsions/reasons for such changes in five decades?
Answers
Answer:
Five factors that worsened the economic slowdown
Demonetisation. The one-time cash curtailing exercise of the government had a telling impact on India's growth. ...
Consumer demand slump. One of the main concerns for the current economic slowdown is a sharp fall in consumer demand as witnessed by most major firms. ...
Real estate slowdown. ...
Lesser jobs. ...
Lower investments.
Answer:
Indian Banking has witnessed major changes starting from nationalization in 1969 of 14
private sector banks again to privatization of banks in 1990s. Year 2014 resulted in
setting of small Payment Banks in different nooks & corners of the country to a
diametrically opposite step of mergers and consolidation of many weak public sector banks with a few large banks in 2018/19. What has been the economic & financial
compulsions/reasons for such changes in five decades?