Jun 21st, 2015
Studypool Tutor
Abraham Lincoln University
Price: $0 USD

Tutor description

Word Count: 18628
Showing Page: 1/64
Executive SummaryIndia is a democratic country where economy plays a very important role. The economy was characterized by extensive regulation, protectionism, and public ownership, leading to pervasive corruption and slow growth. Since 1991, continuing economic liberalization has moved the economy towards a market-based system. The Indian economy has undergone substantial changes since the introduction of economic reforms in 1991. They included various measures like deregulating the markets and encouraging private participation; trade liberalization; dismantling the restrictions on domestic and foreign investments; reforming the financial sector and the tax system, etc.Today, Banking is also an important factor in Indian Financial System. The banking system in India has undergone significant changes during last 16 years. There have been new banks, new instruments, new windows, new opportunities and, along with all this, new challenges. While deregulation has opened up new vistas for banks to augment incomes, it has also entailed greater competition and consequently greater risks. Central banking is the responsibility of the Reserve Bank of India, which in 1935 formally took over these responsibilities from then Imperial Bank of India, relegating it to commercial banking functions. After India's independence in 1947, the Reserve Bank was nationalized and given broader powers. The Reserve Bank of India has achieved transparency in its operations, especially i

Review from student

Studypool Student
" Thanks, good work "
Ask your homework questions. Receive quality answers!

Type your question here (or upload an image)

1822 tutors are online

Brown University





1271 Tutors

California Institute of Technology




2131 Tutors

Carnegie Mellon University




982 Tutors

Columbia University





1256 Tutors

Dartmouth University





2113 Tutors

Emory University





2279 Tutors

Harvard University





599 Tutors

Massachusetts Institute of Technology



2319 Tutors

New York University





1645 Tutors

Notre Dam University





1911 Tutors

Oklahoma University





2122 Tutors

Pennsylvania State University





932 Tutors

Princeton University





1211 Tutors

Stanford University





983 Tutors

University of California





1282 Tutors

Oxford University





123 Tutors

Yale University





2325 Tutors