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A decade of financial sector reforms.
Member rating: No Rating | Words: | Submitted: Mon Jun 19 2006
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A decade of financial sector reforms The last ten years have witnessed a maturing of the country's financial markets. While many major commercial banking and specialised investment institutions continue to be in the public sector, private sector institutions are growing rapidly in commercial banking and asset management business. A DECADE is not a long time in the life of a nation. However, the last ten years mark a watershed in India's economic and political development. This report shows the important achievements of the financial sector reforms undertaken since 1991 by various governments. Financial markets The last ten years have witnessed a maturing of the country's financial markets. While many major commercial banking and specialised investment institutions continue to be in the public sector. Private sector institutions are growing rapidly in commercial banking and asset management business. With the recent opening up of the insurance sector, the private sector will start making...
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