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| Topic: |
Business
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| Number of pages / Number of words: |
3 / 645 |
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Lastly, to maintain macroeconomic stability, RBI has introduced the Asset Liability Management System.
The East-Asian crisis has demonstrated the vital importance of financial institutions in sustaining the momentum of growth and development. It is no longer possible for developing countries like India to delay the introduction of these reforms of strong prudential and supervisory norms, in order to make the financial system more competitive, more transparent and more accountable...
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Thus, the declaration of the Voluntary Retirement Scheme accounts for a positive development reducing the administrative costs of Public Sector banks. The developments, in general, have an emphasis on service and technology; for the first time that Indian public sector banks are being challenged by the foreign banks and private sector banks...
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