Economics · Banking in India
The phase of the Indian banking system that began post-1991 is primarily characterised by which of the following?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Exclusive domination of cooperative banks and indigenous bankers.
- 2Establishment of the Imperial Bank of India and early private sector joint-stock banks.
- 3Introduction of competition, liberalisation, privatisation, and globalisation (LPG) reforms.✓
- 4Government-led nationalisation of banks and focus on directed credit.
Correct answer
Introduction of competition, liberalisation, privatisation, and globalisation (LPG) reforms.
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