A Study of Post Reform Performance of Indian Public Sector Commercial Banks with Special Reference to Interest Rate Deregulation

• Main Authors: Himansu Bhusan Gochhayat, Dr. Sumanta Kumar Nayak
• Format: Article
• Language: English
• Published: Srusti Academy of Management 2016-06-01
• Series: Srusti Management Review
• Subjects: liberalization; banking system; deregulation
• Online Access: http://www.srustimanagementreview.ac.in/paperfile/1208614507_A%20Study%20of%20Post%20Reform%20Performance%20of%20Indian%20-Himansu%20Bhusan%20Gochhayat%20&%20Dr.%20Sumanta%20Kumar%20Nayak-Vol.%20-%20IX%20%20Issue%20I%20%20Jan%20-%20Jun%202016.pdf
• ISSN: 0974-4274; 2582-1148

The banks always remain the main participants of the financial system in any country. No country can have a healthy economy without a sound and effective banking system. Banking sector has made rapid progress in various phases. Before the establishment of banks, the financial activities were handled by moneylenders and individuals, and due to that people had to suffer a lot because of ignorance and many other reasons. The organized banking sector was established which was fully regulated by the government. In Into overcome such problems. In India, Reserve Bank of India (RBI) is the main governing authority and has been bestowed with extensive powers to work as central banking authority. The Reserve Bank of India was established on April 1, 1935 in accordance with the provisions of the Reserve Bank of India Act 1935. Most of Indian population resides in rural areas. Therefore banking sector had to make a number of reforms in its working in order to survive for its existence. Nowadays Indian banking system is working very efficiently in the country. In this paper, an attempt has been made to know the post-reform growth of banking sector by dwelling upon its growth in various phases. This paper is a small contribution to the existing vast knowledge of banking industry and will be useful for bankers, industrialist, policy maker and researchers