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. One of the major objectives of Indian banking sector reforms was to encourage operational self-sufficiency, flexibility and competition in the system and to increase the banking standards in India to the international best practices. The second phase of reforms began in 1997 with aim to reorganization measures, human capital development, techno-logical up-gradation, structural development which helped them for achieving universal benchmarks in terms of prudential norms and pre-eminent practices.
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