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  • Changes in The Banking Sector of India: Aayusraj Soni Nikita Chaturvedi Divya Apurv Vispute Nitish Agarwal

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    Apurv Vispute
    19 tayangan5 halaman
    The banking sector in India prior to reforms was dominated by the government and catered to planned economic development, with complex administered interest rates and financial repression. Reforms began in the 1990s after crises elsewhere demonstrated the risks of inadequate institutional strengthening, and India adopted a gradualist approach towards liberalization of its banking sector.

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    Pre Reforms

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    The banking sector in India prior to reforms was dominated by the government and catered to planned economic development, with complex administered interest rates and financial repression. Reforms began in the 1990s after crises elsewhere demonstrated the risks of inadequate institutional strengthening, and India adopted a gradualist approach towards liberalization of its banking sector.

    Hak Cipta:

    Attribution Non-Commercial (BY-NC)
    Unduh sebagai PPTX, PDF, TXT atau baca online dari Scribd
    Tandai sebagai konten tidak pantas
    19 tayangan5 halaman

    Changes in The Banking Sector of India: Aayusraj Soni Nikita Chaturvedi Divya Apurv Vispute Nitish Agarwal

    Diunggah oleh

    Apurv Vispute
    The banking sector in India prior to reforms was dominated by the government and catered to planned economic development, with complex administered interest rates and financial repression. Reforms began in the 1990s after crises elsewhere demonstrated the risks of inadequate institutional strengthening, and India adopted a gradualist approach towards liberalization of its banking sector.

    Hak Cipta:

    Attribution Non-Commercial (BY-NC)
    Unduh sebagai PPTX, PDF, TXT atau baca online dari Scribd
    Tandai sebagai konten tidak pantas
    dari 5

    CHANGES IN THE BANKING SECTOR OF INDIA

    Aayusraj Soni Nikita Chaturvedi Divya Apurv Vispute Nitish Agarwal

    INDEX:

    BANKING SECTOR DURING THE PRE-REFORM PERIOD


    The Indian financial system in the pre-reform period essentially catered to the needs of planned development in a mixed economy framework where the government sector had a domineering role in economic activity Huge development expenditures-met through the dominance of government ownership of banks, automatic monetization of fiscal deficit and subjecting the banking sector to large pre-emptions Complex structure of administered interest rates prevailed. All the ingredients leading to financial repression were present in the system.

    All the ingredients leading to financial repression were preset in the system.

    The East Asian crises in the late 1990s provided graphic testimony as to how faulty sequencing and inadequate attention to institutional strengthening could significantly derail the growth process
    India adopted a more gradualist approach towards liberalization.

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