The Financial Sector Reforms and It’s Impact on Financial Inclusion

THE monetary SECTOR REFORMS AND ITS IMPACT ON FINANCIAL INCLUSION SEMINAR PAPER BY: Manju S.V, Assistant Professor S.N.College, Chathannur UNDER GUIDANCE OF D.R. GABRIEL SIMON THATTIL, Professor, surgical incision of Commerce University of kerala INTRODUCTION Banking sphere plays a pivotal role in the development of the economy. Banking business is exposed to various trys such as credit risk, liquidity risk, interest risk market risk operational risk and management risk. This risk in suppose to be reduced requires national and international norms of performance for banks. relaxation behavior and de-regulation process started in 1991-92 has made a sea flip in the banking system. From a totally regulated environment, we have step by step resettlementd into a market driven competitive system. Our move towards global benchmarks has been, by and large, calibrated and regulator driven.

Sound restrictive and supervisory framework for banks and NBFC proved crucial in containing the have-to doe with of the contagion from global financial crisis on the Indian financial system. The calibrated approach to financial sector reforms and limited exposure of the banking system to synthetic and complex structured products provided the most hard-hitting shield against the contagion effects of the financial crisis. The financial sector reforms ushered in the year 1991 have been well calibrated and time to ensure a smooth transition of the system from a highly regulated regime to a market economy. The head start phase of reforms focused on modification in the indemnity framework, improvement in financial health through cosmos of various prudential norms and creation of a competitive environment. The second base phase of reforms started in the latter half of 90s, targeted strengthening the fundament of banking system, streamlining... If you want to get a full essay, order it on our website: Orderessay

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