By Sunil Kumar, Rachita Gulati
The target of this ebook is to evaluate the efficacy of India’s monetary deregulation programme via reading the advancements in expense potency and overall issue productiveness development throughout diverse possession kinds and measurement sessions within the banking quarter over the post-deregulation years. The paintings additionally gauges the effect of inclusion or exclusion of a proxy for non-traditional actions at the price potency estimates for Indian banks, and rating of particular possession teams. It additionally investigates the hitherto ignored element of the character of returns-to-scale within the Indian banking undefined. moreover, the paintings explores the main bank-specific elements that designate the inter-bank adaptations in potency and productiveness development. total, the empirical result of this paintings let us make certain no matter if the gradualist approach to reforming the banking method in a constructing economic system like India has yielded the main major coverage objective of attaining potency and productiveness profits. The authors think that the findings of this booklet may provide priceless coverage instructions and proposals to different constructing economies that experience launched into a deregulation course or are considering doing so.
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Extra resources for Deregulation and Efficiency of Indian Banks
7 On the whole, from the early 1970s through the late 1980s, the role of market forces in the Indian banking system was almost missing, and excess regulation in terms of high liquidity requirements and state interventions in allocating credit and determining the prices of financial products have resulted in serious financial repression. The main consequence of this financial repression was an ascent in the volume of bad loans due to ineffective credit evaluation system and poorer risk assessment policies.
5). Thereafter, the decline in PLRs has somewhat muted given the structural rigidities such as high non-interest operating expenses and cost of servicing non-performing loans. Furthermore, banks have mobilised a large proportion of their deposits at relatively high fixed rates, which also limited the downward shift in the PLRs. The concept of Benchmark Prime Lending Rates (BPLRs) was introduced by the RBI on April 29th, 2003 to address the need for transparency in banks’ lending rates and also to reduce the pricing of loans.
Chapters 5, 6 and 7 are empirical in nature. In Chap. 5, an attempt has been made to examine the relevance of including a proxy for non-traditional activities in the output specification of Indian banks. Further, efforts have been made to measure to what extent the relative rankings of individual banks and ownership groups are affected by the inclusion or exclusion of non-interest income as a proxy for nontraditional activities. Chapter 6 explains the evolution of cost efficiency and its component measures in Indian banking industry during the post-deregulation years.