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Author: C. Rangarajan Publisher: Institute of Southeast Asian Studies ISBN: 9789812301093 Category : Business & Economics Languages : en Pages : 78
Book Description
The year 1991 marked an important watershed in the economic history of post-Independent India. The country went through a severe economic crisis triggered by a serious balance of payments situation. The crisis was converted into an opportunity to introduce some fundamental changes in the content and approach to economic policy. The purpose of this book is to detail the structural reform process undertaken by India and to evaluate its results. In the post-liberalization period, the country has moved to a higher growth path. Objective conditions exist for the economy to grow at a sustained rate of seven per cent. The slow growth in agriculture and the consequent impact of a slower decline in poverty reduction are areas of concern.
Author: C. Rangarajan Publisher: Institute of Southeast Asian Studies ISBN: 9789812301093 Category : Business & Economics Languages : en Pages : 78
Book Description
The year 1991 marked an important watershed in the economic history of post-Independent India. The country went through a severe economic crisis triggered by a serious balance of payments situation. The crisis was converted into an opportunity to introduce some fundamental changes in the content and approach to economic policy. The purpose of this book is to detail the structural reform process undertaken by India and to evaluate its results. In the post-liberalization period, the country has moved to a higher growth path. Objective conditions exist for the economy to grow at a sustained rate of seven per cent. The slow growth in agriculture and the consequent impact of a slower decline in poverty reduction are areas of concern.
Author: Christian Roland Publisher: Springer Science & Business Media ISBN: 3790819824 Category : Business & Economics Languages : en Pages : 309
Book Description
This fascinating and timely work explores in detail the changes in the Indian banking sector over the last 20 years, and puts them into a comparative perspective with the Chinese banking sector. For this purpose, the author develops a detailed indicator-based framework for assessing the liberalization of a banking sector along various process steps based on financial liberalization and transformation studies. The key finding is that while liberalization has improved the sectoral performance, it has so far had no effect on the macro level.
Author: Debaprosanna Nandy Publisher: Universal-Publishers ISBN: 1599423510 Category : Languages : en Pages :
Book Description
The Committee on Financial System (CFS), popularly known as Narasimham Committee, was set up in 1991 to make recommendations for bringing about the necessary reforms in the financial sector. Narasimham Committee appraised and acknowledged the success and progress of Indian banks since the major banks were nationalized on 19 July 1969. Unfortunately, the developments were witnessed only in the field of expansion and spread of bank branches, generation of huge employment and mobilization of savings rather than also in improvement in efficiency. Besides, corruption, fraud, misutilization in public money, outdated technology, and politicization in policy making were found to be major drawbacks in the real progress of the banks. As the banking sector plays an important and crucial role in the economy of a country for its stabilization and balanced growth, major reforms were urgently needed, after 22 years of nationalization, to revive Indian banks. This was not only in the field of profitability, but also in the overall efficiency, viz., better management of non-performing assets (NPAs), satisfying capital requirements, increased cost effectiveness and control, enhanced customer service, improved technology, establishing competitive interest rate, effective man-power planning, introduction of asset-liability management, better productivity, launching new products, and becoming more competent to face the upcoming challenges and competition from foreign as well as private sector banks in the era of globalization and liberalization. The objectives of the study are to examine the need and relevance of reforms in Indian banks, to assess the efficiency and profitability of Indian banks during reforms from different perspectives, to discuss various issues of NPA management in the light of reforms, to measure the performance of the banks of West Bengal during the reforms, to analyse the role of information technology and its relevancy in Indian banks in the era of reforms, and to impart necessary suggestions for the improvement of the efficiency and profitability of Indian banks.
Author: Nachiket Mor Publisher: ISBN: Category : Languages : en Pages : 48
Book Description
It is widely believed that the reforms of 1991, both in the industrial sector and the financial sector, released a variety of forces that propelled India into a new growth trajectory. These reforms however removed two key safeguards in the economy, i.e., industrial licensing and full control of interest rates. This removal, when combined with poor regulation and low levels of competency within the banks in risk management, created several problems for the banking system. These problems did not lead to a collapse in the banking system on account of a unique set of circumstances that existed during the past decade, which included continued government ownership of a large proportion of the banking system, a rapid decline in interest rates, a high level of interest rate repression, and the sharp increases in commodity prices on account of an acceleration of demand from China. There is however a strong possibility that the current decade could see the Indian banking system facing severe difficulties unless some much needed reforms are put in place. It would be premature for India to seek to privatize government owned banks in the absence of these reforms.
Author: Sunil Kumar Publisher: Springer Science & Business Media ISBN: 8132215451 Category : Business & Economics Languages : en Pages : 340
Book Description
The goal of this book is to assess the efficacy of India’s financial deregulation programme by analyzing the developments in cost efficiency and total factor productivity growth across different ownership types and size classes in the banking sector over the post-deregulation years. The work also gauges the impact of inclusion or exclusion of a proxy for non-traditional activities on the cost efficiency estimates for Indian banks, and ranking of distinct ownership groups. It also investigates the hitherto neglected aspect of the nature of returns-to-scale in the Indian banking industry. In addition, the work explores the key bank-specific factors that explain the inter-bank variations in efficiency and productivity growth. Overall, the empirical results of this work allow us to ascertain whether the gradualist approach to reforming the banking system in a developing economy like India has yielded the most significant policy goal of achieving efficiency and productivity gains. The authors believe that the findings of this book could give useful policy directions and suggestions to other developing economies that have embarked on a deregulation path or are contemplating doing so.
Author: T R Bishnoi Publisher: Springer ISBN: 3319556630 Category : Business & Economics Languages : en Pages : 254
Book Description
This book provides a historical evaluation of banking reforms and structural changes in India over the past 25 years. Chapters cover issues in consolidation and restructuring, competition and concentration, performance evaluation in terms of cost efficiency and productivity, profitability, non-performing assets and technology use. The authors use specific regression models to measure the impact of these reforms on bank performance during this period and assess whether or not the consolidation phase is now complete. This volume will be of interest to researchers and academicians interested in the financial history of Indian Banking reforms.
Author: Priya Basu Publisher: MacMillan ISBN: Category : Business & Economics Languages : en Pages : 248
Book Description
The papers in this volume assess progress with financial sector reforms over the past decade or so, and analyse the new challenges that confront India's policy makers and financial regulators. The papers highlight a formidable reform agenda, pointing to t
Author: Lawrence Saez Publisher: Springer ISBN: 1403981256 Category : Business & Economics Languages : en Pages : 150
Book Description
Banking Reform in India and China seeks to explore the ways in which banking reform is conditioned by a variety of institutional mechanisms. To uncover these dynamics, Saez draws primarily from analytical tools developed in modern game theory and institutional economics. He provides a multidimensional analysis that covers microeconomic, macroeconomic and institutional aspects of these two countries banking systems. It ties together three themes of corporate governance, financial deregulation and central bank independence to banking reform. These unique approaches make this an important contribution to the literature on comparative banking reform in transitional economies.
Author: India. Committee on Financial Sector Reforms Publisher: SAGE Publications ISBN: 817829950X Category : Business & Economics Languages : en Pages : 207
Book Description
While previous reports have focused solely on the ‘big’ issues like capital account convertibility, bank privatization, and priority sector norms, A Hundred Small Steps: Report of the Committee on Financial Sector Reforms goes deep into other areas where reforms are less controversial, but perhaps as important. The report argues that we need a change in mindset for the financial sector, one that recognizes that efficiency, innovation, and value for money are as important for the poor as they are for our new Indian multinationals, and these will come from improved governance, new entry and competition. Indeed the Committee believes that the road to making Mumbai an international financial centre runs through every village in India. The report is divided into separate self-contained chapters; the underlying theme behind all the proposals is the need to enhance inclusion, growth, and stability by allowing players more freedom, even while strengthening the financial and regulatory infrastructure. The role of the government is to create an enabling environment by building sound financial infrastructure. The Committee has focused primarily on broad principles and directions, without entering too much into details of implementation. It emphasizes three important reasons for financial sector reform: to include more Indians in the growth process; to foster growth itself; and to improve financial stability, flexibility, and resilience and thus protect the economy against the kind of turbulence that is affecting the world today. The Committee recognizes this is a difficult time to propose financial sector reforms in India. The near meltdown of the US financial sector seems to be proof that markets and competition do not work. This is clearly the wrong lesson to take from the debacle. The right lesson is that markets and institutions do succumb occasionally to excesses, which is why regulators have to be vigilant. The report argues for skilled regulators who encourage growth and innovation even while working harder to contain risks.
Author: C. Rangarajan
Author: C. Rangarajan
Author: Mohan Prasad Shrivastava
Author: Christian Roland
Author: Debaprosanna Nandy
Author: Nachiket Mor
Author: Sunil Kumar
Author: T R Bishnoi
Author: Priya Basu
Author: Lawrence Saez
Author: India. Committee on Financial Sector Reforms