Private vs Public Sector in India (Exemplified with Icici & Sbi Banks))

PREFACE Liberalization in India started during 1991-92.Before this period of prison term the domain did not experienced whatever big economic crisis. alone the year 1991-92 turned out to be exceptionally punishing for the countrys economy. The country was facing serious problems of foreign substitute and was on the brink of default. The inflation rate rose to its outpouring at 16.7% in August 1991.Growth of real GDP (Gross domesticated Product) decelerated sharply. The Government which took the office in June, 1991,responded to this crisis situation . In doing so they had to formulate certain new policies and at the same time make lurchs to some existing policies. The new economic indemnity (NEP) set up at that point of time argon known as policies of liberalization and the change itself is known as liberalization Discussing anything about liberalization automatically draws our attention towards the financial empyrean and thereby towards the banking sector of the economy concerned. This is so because this sector is forthwith associated with the economy. Any change in the economic parameters automatically gets reflected in this sector. Hence, I choose the banking sector of India to compare between the universe sector and the private sector ,.

Over the years after(prenominal) independence, the banking sector in India was primarily dominated by the put in banks. They played a significant role in the phylogenesis process of the c9ountrys economy. The period 1969-1990,witnessed rapid branch expansion and tolerable flow of credits to all sectors. The mid eighties dictum the commercial banks to consolidate the gains of expansion .At this point of time 90% of the banks were in public sector, being closely regulated in all respect. But till 1990-91 India has not faced any major economical crisis. Though during 1990-91 there was pressure in the external sector, with the current account deficit and external debt overhaul reaching large proportions .At this point of time an overall change in the... If you want to get a full essay, baseball club it on our website: Ordercustompaper.com

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