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A Study of Post Reform Performance of Indian Public Sector Commercial Banks with Special Reference to Interest Rate Deregulation

Year 2016
Volume/Issue/Review Month Vol. - IX | Issue I | January - June
Title A Study of Post Reform Performance of Indian Public Sector Commercial Banks with Special Reference to Interest Rate Deregulation
Authors Himansu Bhusan Gochhayat , Dr. Sumanta Kumar Nayak
Broad area A Study of Post Reform Performance of Indian Public Sector Commercial Banks with Special Reference to Interest Rate Deregulation
Abstract
The banks always remain the main participants of the financial system in any country. No country can have a healthy
economy without a sound and effective banking system. Banking sector has made rapid progress in various phases.
Before the establishment of banks, the financial activities were handled by moneylenders and individuals, and due
to that people had to suffer a lot because of ignorance and many other reasons. The organized banking sector was
established which was fully regulated by the government. In Into overcome such problems. In India, Reserve Bank
of India (RBI) is the main governing authority and has been bestowed with extensive powers to work as central
banking authority. The Reserve Bank of India was established on April 1, 1935 in accordance with the provisions of
the Reserve Bank of India Act 1935. Most of Indian population resides in rural areas. Therefore banking sector had
to make a number of reforms in its working in order to survive for its existence. Nowadays Indian banking system is
working very efficiently in the country. In this paper, an attempt has been made to know the post-reform growth of
banking sector by dwelling upon its growth in various phases. This paper is a small contribution to the existing vast
knowledge of banking industry and will be useful for bankers, industrialist, policy maker and researchers.
Description A bank is a financial institution that provides banking and other financial services to its customers. A bank is generally understood as an institution which provides fundamental banking services such as accepting deposits and providing loans. But there i
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