Economics · Indian Banking Sector
Which of the following options describes the key structural change in the Indian banking system post-2014 that differentiates it most from the early reform period (1992-2008)?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1The complete elimination of all forms of digital lending platforms to curb financial risks.
- 2A return to fully administered interest rates by the RBI across all commercial banks.
- 3The introduction of Differentiated Banks (Payments Banks and Small Finance Banks) along with a sharp focus on digital infrastructure (UPI) and financial inclusion (PMJDY).✓
- 4The complete exit of all foreign banks from India due to stricter regulations.
Correct answer
The introduction of Differentiated Banks (Payments Banks and Small Finance Banks) along with a sharp focus on digital infrastructure (UPI) and financial inclusion (PMJDY).
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