Banking Sector
Indian Streams Reserach Journal
Vol.2,Issue.I/Feb; 12pp.1-4
Muniraju M Research Papers
ISSN:-2230-7850
BANKING SECTOR REFORMS IN INDIA: THE RATIONALE AND EFFICACY
Kumar B Assistant Librarian, University College of Arts, Tumkur University Tumkur- 572103.
Muniraju M Assistant Professor, Department of Studies and Research in Economics, Tumkur University, Tumkur – 572 103.
Abstract
The Indian banking industry is measured as a flourishing and the secure in the banking world. The country 's economy growth rate by over 9 percent since last several years and that has made it regarded as the next economic power in the world. The paper deals with the banking sector reforms and it has been discussed that India 's banking industry is a mixture of public, private and foreign ownerships. The major dominance of commercial banks can be easily found in Indian banking, although the co-operative and regional rural banks have little business segment. Further the paper has discussed an evaluation of banking sector reforms and economic growth of the country since from the globalization and its effects on Indian economy. Competition among financial intermediaries gradually helped the interest rates to decline. Deregulation added to it.
The real interest rate was maintained. The borrowers did not pay high price while depositors had incentives to save. It was something between the nominal rate of interest and the expected rate of inflation. Finally the paper deals with conclusion and inflation rates from the different years and regulation of economy and finance of the country through government policies and banking sector reforms. Key Words: Banking Sector, Reforms, Economy, Inflation, Growth Introduction: The efficient, dynamic and effective banking sector plays a decisive role in accelerating the rate of economic growth in any economy. In the wake of contemporary economic changes in the world economy and other domestic crises like adverse balance of payments
Vol.2,Issue.I/Feb; 12pp.1-4
Muniraju M Research Papers
ISSN:-2230-7850
BANKING SECTOR REFORMS IN INDIA: THE RATIONALE AND EFFICACY
Kumar B Assistant Librarian, University College of Arts, Tumkur University Tumkur- 572103.
Muniraju M Assistant Professor, Department of Studies and Research in Economics, Tumkur University, Tumkur – 572 103.
Abstract
The Indian banking industry is measured as a flourishing and the secure in the banking world. The country 's economy growth rate by over 9 percent since last several years and that has made it regarded as the next economic power in the world. The paper deals with the banking sector reforms and it has been discussed that India 's banking industry is a mixture of public, private and foreign ownerships. The major dominance of commercial banks can be easily found in Indian banking, although the co-operative and regional rural banks have little business segment. Further the paper has discussed an evaluation of banking sector reforms and economic growth of the country since from the globalization and its effects on Indian economy. Competition among financial intermediaries gradually helped the interest rates to decline. Deregulation added to it.
The real interest rate was maintained. The borrowers did not pay high price while depositors had incentives to save. It was something between the nominal rate of interest and the expected rate of inflation. Finally the paper deals with conclusion and inflation rates from the different years and regulation of economy and finance of the country through government policies and banking sector reforms. Key Words: Banking Sector, Reforms, Economy, Inflation, Growth Introduction: The efficient, dynamic and effective banking sector plays a decisive role in accelerating the rate of economic growth in any economy. In the wake of contemporary economic changes in the world economy and other domestic crises like adverse balance of payments
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