Chapter 1: The Banking Sector Next Chapter

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The Banking Sector
The banking sector

Commercial banking sector constitutes essentially the circulation system which is vital for economic prosperity. Thus, any discussion of the financial sector cannot ignore the role of commercial banks. It is because of this fact that the financial sector reforms started with the reforms in the banking sector. The present chapter, therefore, makes a survey of the major aspects of reform in this area against a brief background of the pre-reform scenario and evaluates the broad achievements.

The State of Banking Sector during the Early 1990s

It is true that the government had helped create and develop uniformity in the operational structure of the banks through the enactment of the Banking Regulation Act as back as in 1948. It is also true that ...

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