Indian Banking in the Globalised World Uppal R. K.Pevná vazba
Banking sector reforms have supported the transition of the Indian economy to a higher growth path while significantly improving the stability of the financial system. In comparison with the…
Specifikacia Indian Banking in the Globalised World Uppal R. K.Pevná vazba
Banking sector reforms have supported the transition of the Indian economy to a higher growth path while significantly improving the stability of the financial system. In comparison with the pre-reform period, the Indian banking system today is more stable and efficient. However, the gains of the past decade need to be consolidated so that these could be translated to drive institutions, markets, and practices into a mature financial system that can meet the challenges of globalization. The banking system would, therefore, not only need to be stable, but also supportive of still higher levels of planned investments by channeling financial resources more efficiently from surplus to deficit sectors. Competitive pressures, as well as prudential regulatory requirements, have made banks risk-averse as reflected in their tendency to invest in relatively risk-free gilt instruments. The