The document discusses reforms to the banking sector and financial system in India in the late 1990s and early 2000s. It mentions the establishment of committees like the Narasimham Committee in 1991 and 1998 to recommend reforms promoting efficiency and effectiveness in the financial sector. Laws like the Recovery of Debts Due to Banks and Financial Institutions Act, 1993 (RDDBFI) and establishments like Debt Recovery Tribunals (DRT) were set up to facilitate recovery of bank loans. The document also discusses setting up of institutions like the Asset Reconstruction Company (India) Ltd and measures like prudential norms, capitalization and securitization to strengthen the banking system.
The document discusses reforms to the banking sector and financial system in India in the late 1990s and early 2000s. It mentions the establishment of committees like the Narasimham Committee in 1991 and 1998 to recommend reforms promoting efficiency and effectiveness in the financial sector. Laws like the Recovery of Debts Due to Banks and Financial Institutions Act, 1993 (RDDBFI) and establishments like Debt Recovery Tribunals (DRT) were set up to facilitate recovery of bank loans. The document also discusses setting up of institutions like the Asset Reconstruction Company (India) Ltd and measures like prudential norms, capitalization and securitization to strengthen the banking system.
The document discusses reforms to the banking sector and financial system in India in the late 1990s and early 2000s. It mentions the establishment of committees like the Narasimham Committee in 1991 and 1998 to recommend reforms promoting efficiency and effectiveness in the financial sector. Laws like the Recovery of Debts Due to Banks and Financial Institutions Act, 1993 (RDDBFI) and establishments like Debt Recovery Tribunals (DRT) were set up to facilitate recovery of bank loans. The document also discusses setting up of institutions like the Asset Reconstruction Company (India) Ltd and measures like prudential norms, capitalization and securitization to strengthen the banking system.
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