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What is Indian Banking Sector Crisis Analysis about?

The document summarizes the major challenges faced by the Narasimham Committee in the Indian banking sector and reforms suggested. The key challenges included high statutory liquidity ratios that locked up bank resources, directed credit programs that reduced bank profitability, and regulated interest rates. The committee recommended reducing statutory ratios, discontinuing directed credit, and allowing market forces to determine interest rates. It also addressed other inconsistencies to make the banking sy

Author

Sarthak Shankar

Language

EN