Economy, asked by prakashchappalagavi, 4 months ago

the important financial sector reforms of NEP are as follows:-

Answers

Answered by Anonymous

Answer:

The major reforms relating to the banking system were:

Prudential norms were introduced and progressively tightened for income recognition, classification of assets, provisioning of bad debts, marking to market of investments. Pre-emption of bank resources by the government was reduced sharply.

Answered by sandeepshahu228

Explanation:

An important financial reform has been the reduction in Statutory Liquidity Ratio (SLR) and Cash Reserve Ratio (CRR) so that more bank credit is made available to the industry, trade and agriculture

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