Banking Reforms: The next step

Syllabus – GENERAL STUDIES-III -Regulatory framework for money and banking. The Indian banking sector has been evolving on a continuous basis, from being exclusivist to becoming a carrier of social reform and financial inclusion. However, in recent times, the banking industry has experienced many issues. For instance, a decline in asset quality, financial soundness, and efficiency has marred the functioning of the Indian banking industry. Given the current challenges of a burgeoning population, the ongoing Covid-19 pandemic, and the West’s intention to shift its manufacturing base to India and elsewhere, it is essential to say ‘yes’ to fifth generation banking....Read More