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Indian Banking Sector Reforms
Essay specific features
Written by:
Kayla H
Date added:
April 8, 2017
Level:
University
Grade:
A
No of pages / words:
3 / 645
Was viewed:
1139 times
Rating of current essay:
Essay content:
As the international standards became prevalent, banks had to unlearn their traditional operational methods of directed credit, directed investments and fixed interest rates, all of which led to deterioration in the quality of loan portfolios, inadequacy of capital and the erosion of profitability.
The recent international consensus on preserving the soundness of the banking system has veered around certain core themes...
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These are: effective risk management systems, adequate capital provision, sound practices of supervision and regulation, transparency of operation, conducive public policy intervention and maintenance of macroeconomic stability in the economy.
Until recently, the lack of competitiveness vis-a-vis global standards, low technological level in operations, over staffing, high NPAs and low levels of motivation had shackled the performance of the banking industry...
displayed 300 characters
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