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Journal of Production Research & Management

Overview of Banking Industry with Special Reference to Reforms in the Indian Banking System

  1. Hemali Tanna

Abstract

The liberalization, privatization and globalization phase of 1991 popularly known as LPG policy changed the face of Indian economy. Reforms took place in several sectors of the economy; predominantly it affected the Indian banking industry. The role of banking industry is extremely important for the growth of any economy and India being a developing country is no exception to this rule. This paper discusses the overview of Indian financial system, explains the structure of Indian banking industry and analyzes the impact of banking sector reforms on Indian banking system.

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