THE EVOLUTION AND PERFORMANCE OF THE INDIAN BANKING SYSTEM: MILESTONES, STRUCTURAL REFORMS AND STRATEGIC PATHWAYS IN THE INDIAN ECONOMY

Aishwarya Sehgal; Rashmi Singh Rana; Harsh Purohit

doi:10.29121/shodhkosh.v4.i1SE.2023.3793

THE EVOLUTION AND PERFORMANCE OF THE INDIAN BANKING SYSTEM: MILESTONES, STRUCTURAL REFORMS AND STRATEGIC PATHWAYS IN THE INDIAN ECONOMY

Authors

Ms Aishwarya Sehgal PhD Scholar, Department of Legal Studies, Banasthali Vidyapith, Rajasthan
Dr. Rashmi Singh Rana Associate Professor & HOD, Department of Legal Studies, Banasthali Vidyapith, Rajasthan
Dr. Harsh Purohit Dean, Faculty of Law, Banasthali Vidyapith, Rajasthan

DOI:

https://doi.org/10.29121/shodhkosh.v4.i1SE.2023.3793

Keywords:

Indian Banking System, Banking Evolution, Banking Reforms, Policy and Regulation, Sustainable Development

Abstract [English]

From traditional customs and colonial-era banking concepts to strong, technologically advanced frameworks, the Indian banking system has undergone significant changes. This study examines the development of Indian banking over time, starting with the founding of the Presidency Banks, the Reserve Bank of India’s (RBI) regulatory function, and the revolutionary effects of nationalisation on rural loans and financial inclusions. A paradigm change occurred during the liberalisation period of the 1990s, which brought in foreign and private banks, promoted competition, and brought Indian banking into line with international norms.

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Published

2024-06-30

How to Cite

Sehgal, A., Rana, R. S., & Purohit, H. (2024). THE EVOLUTION AND PERFORMANCE OF THE INDIAN BANKING SYSTEM: MILESTONES, STRUCTURAL REFORMS AND STRATEGIC PATHWAYS IN THE INDIAN ECONOMY. ShodhKosh: Journal of Visual and Performing Arts, 4(1SE), 385–392. https://doi.org/10.29121/shodhkosh.v4.i1SE.2023.3793

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Issue

Vol. 4 No. 1SE (2023): Communicating with Communities: Transcending the Borders

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Articles

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