Indian Banking and Economic Reforms: Problems and Prospects

Banking sector is intervened with the phenomenon growth of both ‘Banking System’ and ‘Capital Market’ that essentially occupies a unique position, not only on the Indian Financial Sector but globally. Its role as a dynamic growth facilitator, remains highly commendable in our Indian economy; cannot be under estimated. The transition of "Class – Banking" to "Mass – Banking" over three decades of Indian Banking System needed much more, ahead of New Economic Policy with thrust areas of "Liberalisation, Privatization and Globalisation". Consequent upon which Narsimham Committee Instituted on the Instance of Government of India, submitted his first phase of financial sector reforms in 1991 and second phase in 1998. Hence it is the imperative need of the hour to have an elaborate further discussion on the ‘ongoing financial sector reforms’. The book elaborates and illustrates the instances of all stages since beginning in details.