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Libralization: It’s Impact on Indian Banking Sector

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Libralization: It’s Impact on Indian Banking Sector


Mohd Azhar Ud Din Malik | Tariq Ahmad Malik | Ajaz Ahmad Dass

https://doi.org/10.31142/ijtsrd3569



Mohd Azhar Ud Din Malik | Tariq Ahmad Malik | Ajaz Ahmad Dass "Libralization: It’s Impact on Indian Banking Sector" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-1 | Issue-6, October 2017, pp.431-436, URL: https://www.ijtsrd.com/papers/ijtsrd3569.pdf

Indian financial sector has undergone an important role in inspiring and stabilizing the growth of an economy. Economics essentially involves the efficient transfer of funds in exchange for goods, services or promises of future return, it brought momentous changes in the financial sector in general and banking in particular. While there have been striking changes in the financial structure, India remains a bank conquered financial system. One of the major purposes of financial liberalization was to make the financial institutions more efficient and competent. A number of developing countries have undertaken financial sector reforms in order to pursue the goals of economic growth and improved living standards. This paper examines aspects of the development of India’s financial sector particularly after 1990 when financial liberalization began. The usual confidence is that liberalization process allows for the development of a competitive financial system, which aids the efficient allocation of resources by mobilizing savings through the growth of financial intermediation and asset diversification.

Liberalization, banking, Development, India


IJTSRD3569
Volume-1 | Issue-6, October 2017
431-436
IJTSRD | www.ijtsrd.com | E-ISSN 2456-6470
Copyright © 2019 by author(s) and International Journal of Trend in Scientific Research and Development Journal. This is an Open Access article distributed under the terms of the Creative Commons Attribution License (CC BY 4.0) (http://creativecommons.org/licenses/by/4.0)

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