Question

What are the achievements of banking sector in india?

Answer 1

1)Flexible Monetary Policy

2)Stable Structure of Interest Rates

3)Modern Banking and Credit structure

4)Cheap Remittance Facilities

5)Successful Management of Public Debt

6)Exchange Stability

7)Enhanced Public Confidence in Banking Sector



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Answer 2

Achievement of the banking sector in India are as follow:

• Formulation of lead banks for opening bank branches in all the important localities  

• Expansion of bank branches

• Coverage of banking facilities in rural areas

• Expanding of bank deposits

• Reduce the regional imbalances

• Expansion of bank credits

• Investment in government securities.

Explanation:

• The main objective of all the banks is to provide banking facilities to the people in all parts of the country.  

• The main aim of the ‘bank’ is to extend maximum facilities of credit for the development in the district and the rural areas.  

• They help with mobilizing the saving of the people in the country.

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