Economics · Banking Reform

Which major policy reform targeted improving the competitiveness, financial health, and efficiency of the Indian banking system following the 1991 economic reforms?

Verified Solution4 OptionsUpdated: October 2026👁️1 View

1Nationalization of all cooperative and private sector banks
2Complete deregulation of all rural credit markets without monitoring
3Strictly limiting foreign entry into retail banking services
4Introduction of prudential norms and Capital to Risk-Weighted Assets Ratio (CRAR)✓

Correct answer

Introduction of prudential norms and Capital to Risk-Weighted Assets Ratio (CRAR)

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