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Banking Sector Reforms- 2 Video Lecture | Indian Economy for UPSC CSE

165 videos|297 docs|142 tests

FAQs on Banking Sector Reforms- 2 Video Lecture - Indian Economy for UPSC CSE

1. What are the main objectives of the banking sector reforms?
Ans. The main objectives of the banking sector reforms are to improve the efficiency and competitiveness of banks, enhance financial stability, promote financial inclusion, and strengthen the regulatory framework.
2. How do banking sector reforms promote financial inclusion?
Ans. Banking sector reforms promote financial inclusion by increasing access to banking services for the unbanked and underbanked population. This includes measures such as opening of no-frills accounts, simplifying documentation requirements, and expanding the reach of banking services to rural and remote areas.
3. What are the key features of the regulatory framework for banking sector reforms?
Ans. The key features of the regulatory framework for banking sector reforms include prudential norms for capital adequacy, asset quality, provisioning, and risk management. It also includes regulations for corporate governance, transparency, and disclosure requirements to ensure the stability and soundness of the banking system.
4. How do banking sector reforms enhance financial stability?
Ans. Banking sector reforms enhance financial stability by strengthening the regulatory framework, improving risk management practices, and promoting good corporate governance. These measures help prevent excessive risk-taking by banks, reduce the likelihood of bank failures, and protect depositors' interests.
5. What are some of the challenges faced in implementing banking sector reforms?
Ans. Some of the challenges faced in implementing banking sector reforms include resistance from vested interests, lack of capacity in regulatory institutions, and the need for coordination between various stakeholders. Additionally, ensuring compliance with the reforms by all banks and managing the potential impact on the economy are also significant challenges.
165 videos|297 docs|142 tests

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