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Banking Sector Reforms- 1 Video Lecture | Indian Economy for UPSC CSE
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FAQs on Banking Sector Reforms- 1 Video Lecture - Indian Economy for UPSC CSE
| 1. What are the key objectives of banking sector reforms? |  |
Ans. The key objectives of banking sector reforms include enhancing the stability and efficiency of the banking system, promoting financial inclusion, improving transparency and governance, and fostering competition in the sector.
| 2. How do banking sector reforms impact the overall economy? | |
Ans. Banking sector reforms can have a significant impact on the overall economy by promoting economic growth, increasing access to finance for businesses and individuals, and enhancing the stability of the financial system.
| 3. What are some common measures taken as part of banking sector reforms? | |
Ans. Some common measures taken as part of banking sector reforms include strengthening regulatory frameworks, improving risk management practices, enhancing corporate governance standards, and promoting technological innovation in banking services.
| 4. How do banking sector reforms help in reducing non-performing assets (NPAs)? | |
Ans. Banking sector reforms help in reducing non-performing assets (NPAs) by improving credit assessment and monitoring practices, implementing stricter loan recovery mechanisms, and enhancing risk management frameworks to prevent the accumulation of bad loans.
| 5. What role do international organizations play in supporting banking sector reforms in developing countries? | |
Ans. International organizations often provide technical assistance, expertise, and financial support to developing countries in implementing banking sector reforms. They also help in aligning the reforms with global best practices and standards to improve the overall efficiency and stability of the banking system.
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Dec 22, 2024 Last updated |
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