Chapter

Financial Sector Reform

Vijay Joshi and I. M. D. Little

in India's Economic Reforms, 1991-2001

Published in print September 1996 | ISBN: 9780198290780
Published online November 2003 | e-ISBN: 9780191596506 | DOI: http://dx.doi.org/10.1093/0198290780.003.0004
 Financial Sector Reform

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Examines the financial sector, with the major focus being on India's banking institution. It provides a brief overview of the poor state of the banks in 1991, with the financial system on the brink of collapse. This is followed by an analysis of how the sector was renewed by banks being recapitalized and by interest rate deregulation. It also analyses problems, such as non‐performing assets. It concludes with a brief analysis of other areas such as the capital market and insurance sectors.

Keywords: bank recapitalization; bank resources; banking sector; directed credit; financial liberalization; interest rates; international capital flows

Chapter.  20554 words. 

Subjects: Economic Development and Growth

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