英语毕业论文:印度银行业的历史 [5]
论文作者:英语论文论文属性:本科毕业论文 Thesis登出时间:2014-09-09编辑:zcm84984点击率:16697
论文字数:6765论文编号:org201409082147222945语种:英语 English地区:印度价格:免费论文
关键词:印度银行业银行机构商业银行banking essay银行历史
摘要:本文系统的描述了印度各个商业银行的发展历史,十分具有参考价值,各商业银行的作用不限于普通银行业务,也包括:发行纸币,可以通过电汇,电子转帐处理,互联网银行或者其他手段支付。
dressed urgently if the financial sector had to keep pace with the reforms in the real sector. World wide experience confirms that the countries with well-developed and market-oriented financial systems have grown faster and more steadily than those with weaker and closely regulated systems. The financial sector in general and banking system in particular in many of the developing countries have been plagued by various systemic problems which necessitated drastic structural changes as also a reorientation of approach in order to develop a more efficient and well functioning financial system. The Indian financial system has been no exception in this respect and the problems encountered in the way of efficient functioning necessitated the financial sector reforms.Recognising the critical nature of the financial sector prompted the Government to set up two Committees on the Financial System (Narasimham Committees) in 1991 and 1998 to examine all aspects relating to the structure, organisation, functions and procedures of the financial system. The deliberations of the Committees were guided by the demands that would be placed on the financial system by the economic reforms talking place in the real sectors of the economy and by the need to introduce greater competition through autonomy and private sector participation in the financial sector. Despite the fact that the bulk of the banks were and are likely to remain in the public sector, and therefore with virtually zero risk of failure, the health and financial credibility of the banking sector was an issue of paramount importance to the Committees. The Committees proposed reforms in the financial sector to bring about operational flexibility and functional autonomy, for overall efficiency, productivity and profitability. In the banking sector, in particular, the measures have been taken aimed at restoring viability of the banking system, bringing about an internationally accepted level of accounting and disclosure standards and introducing capital adequacy norms in a phased manner. Most of the measures suggested by the Committees have been accepted by the Government. Interest rates have been deregulated over a period of time, branch-licensing procedures have been liberalised and Statutory Liquidity Ratio (SLR) and Cash Reserve Ratio (CRR) have been reduced. The entry barriers for foreign banks and new private sector banks have been lowered as part of the medium term
strategy to improve the financial and operational health of the banking system by introducing an element of competition into it. A Board for Financial Supervision has been set up within the Reserve Bank of India and it has introduced a new system of offsite surveillance even while revamping the system of on-site surveillance. The financial sector reforms have been pursued vigorously and the results of the first set of reforms have brought about improved efficiency and transparency in the financial sector. It is well recognized that reforms in the financial sector are an ongoing process to meet the challenges thrown up on account of the integration of financial markets, both within the country and worldwide.
Future direction of reforms
If the financial sector reforms are viewed in a broad perspective, it would be evident that the first phase of reforms focussed on modification of the policy framework, improvement in financial health of the entities and creation of a competitive environment. The second
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