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What is Banking Sector Reforms in India Post-1991 about?

The banking sector reforms in India since 1991 aimed to liberalize and modernize the banking system. Several committees were formed which recommended various reforms such as reducing government interference, strengthening regulation, improving governance of public sector banks, enhancing financial inclusion, and addressing non-performing assets. Key reforms included the introduction of Basel norms, payment banks, small finance banks, and frameworks like EASE, 4Rs, and Indradhanush to revitalize public secto

Author

aasthacommerce91

Language

EN