International Journals of Marketing and Technology
Year : 2011, Volume : 1, Issue : 1
First page : ( 55) Last page : ( 64)
Online ISSN : 2248-1058.

Banking Sector Reforms and IT's impact on Indian economy

Mishra Pankaj

Online published on 27 June, 2013.

Abstract

Indian economy has been recording impressive growth rates since 1991. The main thrust of the financial sector reforms has been the creation of efficient and stable financial institutions and development of the markets, especially the money and government securities market. In addition, fiscal correction was undertaken and reforms in the banking and external sector were also initiated. The year 1991–92 is the year of remarkable initiatives taken by the Government of India affecting the various facets of the Indian economy. Considering the scenario in which banking sector was in the year 1990–91, a number of initiatives were taken by the Reserve Bank of India for improving the efficiency of the banking sector and for opening up the banking sector. Taking this as a base, the author intends to examine the impact of the reforms on Credit Deposit ratio, Credit to GDP ratio, Investment in Government securities to deposits, share of business of public sector banks, the proportion of various types of advances etc. Further, it goes on to examine the difference in various aspects of the working results of the Public sector banks and private banks when compared with foreign banks.

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Keywords

Indian economy, Capital market, Foreign exchange reserves, Economic growth, banking sector reforms.

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