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Indian Banks: A Time to Reform?

Summary:
Raghuram Rajan and Viral Acharya in a new paper list reforms needed for banking sector. The paper is written as Festschrift for Isher Judge Ahluwalia This paper examines what holds Indian banking back and suggests a variety of implementable reforms that could allow banking activity to grow significantly without the periodic boom-bust cycles it has been subject to. Apart from regulatory and market reforms, we propose reforms to bank governance and ownership, especially for public sector banks. With the current enormous strains on government finances, there may be a window of opportunity in which these reforms may be possible since the status quo is untenable. Recommendations in temporal sequence: Dealing with Bad Loans Improving the Performance of Public Sector Banks Alternatives for

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Raghuram Rajan and Viral Acharya in a new paper list reforms needed for banking sector. The paper is written as Festschrift for Isher Judge Ahluwalia

This paper examines what holds Indian banking back and suggests a variety of implementable reforms that could allow banking activity to grow significantly without the periodic boom-bust cycles it has been subject to. Apart from regulatory and market reforms, we propose reforms to bank governance and ownership, especially for public sector banks. With the current enormous strains on government finances, there may be a window of opportunity in which these reforms may be possible since the status quo is untenable.

Recommendations in temporal sequence:

  • Dealing with Bad Loans
  • Improving the Performance of Public Sector Banks
  • Alternatives for Ownership Structure of Public Sector Banks
  • Making Better Loans
  • Strengthening Risk Management at banks
  • Creating Greater Variety in Banking Structures
Amol Agrawal
I am currently pursuing my PhD in economics. I have work-ex of nearly 10 years with most of those years spent figuring economic research in Mumbai’s financial sector.

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