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Indian Banking Sector Reforms: Review and Prospects

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  • Tae Hwan Yoo

Abstract

Development in the financial sector, in particular, the banking sector, plays a key role in stimulating and stabilizing economic growth. Since the foreign exchange crisis in 1991, India has undertaken banking sector reforms. This paper focuses on the following two issues. First, I provide an overview of development in the banking sector over the years, especially after the implementation of the reform policy programs. In order to show the evolution of the Indian banking sector, I examine the reserve ratios reduction, interest rate deregulation, and ratios of non-performing assets. Second, this paper investigates the performance of banking groups by comparing the degree of profitability, and the soundness and efficiency of banks in India. In conclusion, while reform policies have had positive effects on the performance of banks, especially Public Sector Banks in India, the Indian government has to take further steps to deregulate and liberalize the banking industry.

Suggested Citation

  • Tae Hwan Yoo, 2005. "Indian Banking Sector Reforms: Review and Prospects," International Area Studies Review, Center for International Area Studies, Hankuk University of Foreign Studies, vol. 8(2), pages 167-189, June.
    • Handle: RePEc:sae:intare:v:8:y:2005:i:2:p:167-189
    DOI: 10.1177/223386590500800209
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    Cited by:

    1. Sunil Kumar & Rachita Gulati, 2009. "Did efficiency of Indian public sector banks converge with banking reforms?," International Review of Economics, Springer;Happiness Economics and Interpersonal Relations (HEIRS), vol. 56(1), pages 47-84, March.

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