Banking Reforms

T. R. Bishnoi () and Sofia Devi
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T. R. Bishnoi: The Maharaja Sayajirao University of Baroda
Sofia Devi: The Maharaja Sayajirao University of Baroda

Chapter Chapter 2 in Banking Reforms in India, 2017, pp 31-58 from Palgrave Macmillan

Abstract: Abstract Banking reforms as recommended by Narasimham CommitteeNarasimham Committee were carried out to restructure and consolidate in banking system. This included deregulationDeregulation of entry barriersDeregulation entry barriers , interest ratesDeregulation interest rates and reduction in policy variables—Statutory Liquidity Ratio and Cash Reserve Ratio. Prudential regulations comprising capital norms, transparencyGovernance transparency and disclosuresGovernance disclosures , classification of assets and recovery mechanism were introduced. The objectives of these banking reforms were to improve efficiencyEfficiency , competitive environment and operational flexibility enough to withstand the challenges of globalizationGlobalization .

Keywords: Deregulation; Entry barriers; Statutory liquidity ratio; Cash reserve ratio; Prudential regulation; Globalization (search for similar items in EconPapers)
Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:pal:pmschp:978-3-319-55663-5_2

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DOI: 10.1007/978-3-319-55663-5_2

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