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Banking System in India: Reforms and Performance Evaluation

Banking System in India: Reforms and Performance Evaluation

Banking System in India: Reforms and Performance Evaluation

Banking System in India: Reforms and Performance Evaluation

Overview

Prior to economic reforms initiated in early 1990s, the banking sector in India suffered from lack of competition, low capital base, inefficiency, and high intermediation costs. The banking industry - dominated by the public sector - was subject to a high degree of financial repression, characterized by administered interest rates and allocated credit. Reforms in India's commercial banking sector had two distinct phases. The first phase of reforms focused mainly on enabling and strengthening measures. The second phase of reforms placed greater emphasis on structural measures and improvement in standards of disclosure and levels of transparency in order to align India's standards with international best practices. Reforms have brought about considerable improvements, as reflected in various parameters relating to capital adequacy, asset quality, profitability, and operational efficiency. Although commercial banks still face the problem of overhang of non-performing assets, high spread, and low profitability in comparison with banks in other emerging market economies, India's reforms - which are examined in this book - have been successful in enhancing the performance of commercial banks in terms of both stability and efficiency parameters.

Product Details

ISBN-13: 9788177082838
Publisher: New Century Publications
Publication date: 07/31/2011
Pages: 236
Product dimensions: 5.70(w) x 8.70(h) x 1.00(d)

Table of Contents

About the Book v

About the Authors vi

Preface x

Abbreviations/Acronyms xiii

1 Banking System: Introduction and Recent Studies 1

1.1 Banking Sector Developments: An Overview

1.2 Commercial Banking-Indian Reviews

1.3 Banking Sector Reforms-An Evaluation

2 Evolution of Banking System in India 33

2.1 Pre-Nationalization Period

2.2 Post-Nationalization Period

2.3 Liberalization Period

2.4 Changing Scenario of Indian Banking System

2.5 Banks and Performance of the Economy

3 Banking Sector Reforms in India 56

3.1 Banking Sector Reforms: Pre-1991 Status

3.2 Objective of the Banking Sector Reforms: Post-1991

3.3 Policy Measures for Banking Sector Reforms

3.4 Implementation of Narasimham Committee Reports

3.5 Banking Developments during Post-Reforms Period

3.6 Technological Upgradation in Banking Services

3.7 Issues and Challenges

4 Performance Evaluation of Post-reforms Banking Sector 91

4.1 Performance Evaluation of Scheduled Commercial Banks (SCBs)

4.2 Performance Evaluation of Public Sector Banks

5 Issues Related to Banking Sector Reforms 123

5.1 Priority Sector Lending and Social Objectives

5.2 Non-Performing Assets (NPAs)

5.3 Capital Adequacy Norms

5.4 WTO and Indian Banking System

6 Internet Banking in India 166

6.1 Introduction

6.2 Products and Services Offered

6.3 Challenges of Internet Banking

6.4 Information Technology Act, 2000

6.5 Internet Banking and the Reserve Bank of India

7 Modernisation of Banking Regulation and Supervision 176

7.1 Need for Regulation and Supervision

7.2 Off-site Monitoring and Surveillance

7.3 Risk Based Supervision (RBS)

7.4 Board for Financial Supervision

7.5 Monitoring of Frauds

7.6 Income Recognition and Asset Classification

7.7 Securitisation Guidelines

7.8 Investment of Banks in Non-SLR Securities

7.9 Valuation of Instruments/Assets

7.10 Use of Credit Rating Agencies by Banks

7.11 Payment of Dividends

7.12 Mergers and Amalgamation of Banks

7.13 Investment Norms

7.14 Capital Adequacy Norms

7.15 Transparency and Disclosures

7.16 Securitisation of Standard Assets

7.17 Anti-money Laundering Guidelines

7.18 Credit Information Bureau of India Ltd. (CIBIL)

Bibliography 195

Index 213

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