Abstract
Banking reforms as recommended by Narasimham Committee were carried out to restructure and consolidate in banking system. This included deregulation of entry barriers , interest rates and reduction in policy variables—Statutory Liquidity Ratio and Cash Reserve Ratio. Prudential regulations comprising capital norms, transparency and disclosures , classification of assets and recovery mechanism were introduced. The objectives of these banking reforms were to improve efficiency , competitive environment and operational flexibility enough to withstand the challenges of globalization .
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Bishnoi, T.R., Devi, S. (2017). Banking Reforms. In: Banking Reforms in India. Palgrave Macmillan Studies in Banking and Financial Institutions. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-319-55663-5_2
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