competition success review subscription

competition success review subscription


competition success review subscription published this article page no210

Before 1991 India had been nationalizing a large share of its banking sector. In 1969 the government nationalized banks with deposits greater than Rs. 50 crore. It controlled more than 80 percent of bank branches. In1980 the government brought an additional number of banks under its control nationalizing banks with country-wide deposits more than Rs. 200 crorc. About 90 per cent of all banks were controlled by the government and this share remained fairly steady during this period. Between 1969 and 1991 the geographical penetration density of coverage and number of bank branches grew significantly. Banks also witnessed large deposit and credit growth. Priority sector lending grew from 14 to 41 percent. competition success review subscription

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