Responding to the macro economic crisis of the late 1980s, a wide programme of globalisation, liberalization and privatization was initiated in India in July 1991. This programme encompassed wide – ranging reform measures touching almost every aspect of the Indian economy. Since then, these wide ranging reforms have induced greater efficiency and competitiveness in all spheres of economic activity.
The basic theme of the book is to present a comprehensive and systematic analysis of the impact of Banking Sector Reforms in the areas of efficiency, profitability and performance appraisal of commercial banks, both in public and private sector, over a period of 16 years since the initiation of Banking Sector Reforms in 1992-93. it takes into account a historical review of the development of commercial banking in India in the pre-reform period and also mentions the conditions and circumstances that were responsible for the initiation of Banking Sector Reforms. It also reviews the main recommendations of the “Committee on the Financial System” (1991) and the “Committee on the Banking Sector Reforms” (1998), both presided over by Shri M. Narasimham and their implications for the banking sector.
The main focus of the analysis presented in the different papers is on the evaluation of response of banks in public and private sector individually and as a group to Banking Sector Reform measures in the areas of efficiency, performance and profitability. Thus, the book provides a detailed and comprehensive review of Banking Sector Reforms and shifts that have taken place in the perceptions, practices and policies of commercial banks.
The book will be highly useful for academicians, researchers, policy makers, bankers, planners and business analysts.
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