About the Book: Commercial Banks in India Growth Challenges and Strategies
In India, the nationalization of commercial banks in 1969 and 1980 was a mixed
blessing. After nationalization, there was a shift of emphasis from industry to
agriculture. The country witnessed rapid expansion in bank branches, even in
rural areas. However, bank nationalization created its own problems, such as
excessive bureaucratization. Two distinct phases of reforms developed in the
commercial banking sector. The first phase of reforms focused mainly on enabling
and strengthening measures. The second phase placed greater emphasis on
structural measures and improvement in standards of disclosure and levels of
transparency in order to align the