Banking · History of Indian Banking
What was the main objective defining the shift in the Indian banking structure during Phase II (1951 to mid-1980s) compared to Phase I (Pre-1951)?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Promoting international banking operations and global capital mobility
- 2Reorganizing credit allocation from urban industrial houses to priority sectors and achieving social welfare through bank nationalisation✓
- 3Implementing international risk management and Basel capital requirements
- 4Complete interest rate deregulation and removal of directed lending targets
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Reorganizing credit allocation from urban industrial houses to priority sectors and achieving social welfare through bank nationalisation
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