Banking Sector Reforms in India – A Critical Analysis

Abstract

Finance is interlinked with growth; the Indian banking and financial system should evolve in pari passu in a way that stimulates growth and competition with growing developments around the world. More than a decade of changes in the financial sector India has undergone, major restructuring and liberalization of the financial sector. The cycle of banking reform is crucial for transforming the sector in line with changing needs of the time. This paper briefly highlights Indian banking reforms and identifies the notable trends in this digitized era.