Banking System in India: Reforms & Performance Evaluation - Tapa dura

Jawed Akhtar, S M

 
9788177082838: Banking System in India: Reforms & Performance Evaluation

Sinopsis

Prior to economic reforms initiated in early 1990s, the banking sector in India suffered from lack of competition, low capital base, inefficiency and high intermediation costs. The banking industry -- dominated by the public sector -- was subject to a high degree of financial repression, characterised by administered interest rates and allocated credit. Reforms in the commercial banking sector had two distinct phases. The first phase of reforms -- introduced subsequent to the release of the Report of the Committee on Financial System (Chairman: M Narasimham), 1992 -- focussed mainly on enabling and strengthening measures. The second phase of reforms -- introduced subsequent to the recommendations of the Committee on Banking Sector Reforms (Chairman: M. Narasimham), 1998 -- placed greater emphasis on structural measures and improvement in standards of disclosure and levels of transparency in order to align the Indian standards with international best practices. Reforms have brought about considerable improvements as reflected in various parameters relating to capital adequacy, asset quality, profitability and operational efficiency. Although commercial banks still face the problem of overhang of non-performing assets (NPAs), high spread and low profitability in comparison with banks in other emerging market economies, reforms have been successful in enhancing the performance of commercial banks in terms of both stability and efficiency parameters.

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Acerca del autor

Charlotte y Peter Fiell son dos autoridades en historia, teoría y crítica del diseño y han escrito más de sesenta libros sobre la materia, muchos de los cuales se han convertido en éxitos de ventas. También han impartido conferencias y cursos como profesores invitados, han comisariado exposiciones y asesorado a fabricantes, museos, salas de subastas y grandes coleccionistas privados de todo el mundo. Los Fiell han escrito numerosos libros para TASCHEN, entre los que se incluyen 1000 Chairs, Diseño del siglo XX, El diseño industrial de la A a la Z, Scandinavian Design y Diseño del siglo XXI.

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