Indian banking sector, which withstood the turmoil of the global financial crisis during 2008-09, started showing some signs of stress during the subsequent period. Performance of Indian banks during the post-crisis period was conditioned to a large extent by fragile recovery of the global financial markets as well as a challenging operational environment on the domestic front, with high inflation and muted growth performance. Bank lending was the principal focus of monetary policy under the credit planning approach adopted in 1967-'68. However, in the wake of banking sector reforms, various...
Indian banking sector, which withstood the turmoil of the global financial crisis during 2008-09, started showing some signs of stress during the subs...