Economics · Banking Sector Reforms
Which policy reform was specifically targeted at improving the systemic competitiveness, health, and accounting efficiency of the Indian banking system following the 1991 economic reforms?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Imposing strict limitations on foreign institutional entry into retail banking
- 2Introduction of prudential norms, income recognition asset classification, and CRAR✓
- 3Complete nationalization of remaining cooperative banks
- 4Full and absolute deregulation of all formal credit markets
Correct answer
Introduction of prudential norms, income recognition asset classification, and CRAR
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