Role of banking sector in fiancial reform of india
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Financial sector is the backbone of any economy and it plays a crucial role in the mobilisation and allocation of resources. ... The main objectives of the financial sector reforms are to allocate the resources efficiently, increasing the return on investment and accelerated growth of the real sectors in the economy.
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In the context of economic liberalisation and growing trend towards globalisation (external liberalisation), various banking sector reforms have been introduced in India to improve the operation efficiency and upgrade the health and financial soundness of banks so that Indian banks can meet internationally accepted
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