ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846
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Corrective Steps towards Sound Banking

The Indian economy is facing some serious macroeconomic problems due to rapidly rising inflation and interest rates, a growing trade deficit and an uncertain global environment, which involves risks of sudden adjustments in the currency value and corrections in financial markets. In this situation, questions about the banking sector's ability to respond effectively to the unwinding of macroeconomic imbalances remain. This paper suggests some necessary short- and medium-term corrective measures to stabilise and improve the soundness of the Indian banking sector to face these challenges.

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