Faithin Omaha eBook Collection

Download or read book CAMELS RATING OF INDIAN BANKING SECTOR written by Dr. Tarsem Lal and Mr. Arjun Gupta and published by Ashok Yakkaldevi. This book was released on 2022-08-25 with total page 217 pages. Available in PDF, EPUB and Kindle. Book excerpt: The banking industry is a vital part of the financial system. It aids in the stimulation of capital formation, innovation, and monetization, as well as the facilitation of monetary policy and plays an important part in the economic development of countries (Said & Tumin, 2011). It acts as a catalyst for achieving a long-term economic upswing through effective fiscal intervention. A financially sound system encourages investment by funding lucrative market niches, mobilising savings, efficiently dispensing resources and making commodity and service trading more convenient (Echekoba et al., 2014). During the liberalisation process in India, the banking industry has changed significantly. Since 1969, when the Indian government nationalised all major banks, the banking sector in India has been dominated by public sector banks.