By Sunil Kumar, Rachita Gulati
The objective of this booklet is to evaluate the efficacy of India’s monetary deregulation programme through examining the advancements in price potency and overall issue productiveness development throughout varied possession forms and dimension periods within the banking quarter over the post-deregulation years. The paintings additionally gauges the impression of inclusion or exclusion of a proxy for non-traditional actions at the fee potency estimates for Indian banks, and score of specified possession teams. It additionally investigates the hitherto ignored element of the character of returns-to-scale within the Indian banking undefined. additionally, the paintings explores the major bank-specific components that specify the inter-bank diversifications in potency and productiveness progress. total, the empirical result of this paintings let us make certain no matter if the gradualist approach to reforming the banking process in a constructing financial system like India has yielded the main major coverage aim of attaining potency and productiveness earnings. The authors think that the findings of this booklet might supply helpful coverage instructions and recommendations to different constructing economies that experience launched into a deregulation direction or are considering doing so.
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Additional resources for Deregulation and Efficiency of Indian Banks
The third branch licensing policy guided branch expansion between April 1985 and March 1990. 2 Developments in Indian Banking Sector 17 little differentiation in terms of products and services offered. Besides this, Indian commercial banks, especially PSBs, have made remarkable progress in achieving social goals and bringing financial deepening along with catering the needs of planned development in a mixed economy framework. From the beginning of 1970s to mid-1980s, the GOI increasingly used the banking system as an instrument of public finance (Hanson and Kathuria 1999).
Consequent to the reform measures introduced over the last 20 years, the Indian banking sector has experienced significant institutional and structural changes. Against this background, this chapter aims to delineate the important historical developments in the Indian banking industry and to review the major banking reforms since the early 1990s. The chapter also discusses the structural changes and transformations that have been taken place in Indian banking industry since the initiation of banking reforms process.
The reforms transformed the landscape of Indian banking industry from a highly regulated market place to a dynamic and market-oriented one. Reforms also provided required functional autonomy to the banks in decision making in accordance with market signals. S. 5 % • Advised banks to formulate policies for recovery/write off/compromise and negotiated settlements (continued) 2 Banking System in India: Developments, Structural Changes. . 5 % of net demand and time liabilities (NDTLs) with effect from October 11th, 2008.