ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846
-A A +A

India's Financial Sector in Current Times

Following the global crisis, some fundamental factors have been identified as being critical to the efficiency and stability of the financial sector. Where does India stand in this respect? Some of these important factors are discussed here. For instance, mutual funds are meant for the individual investor and they have tax benefits - yet corporates and banks invest in them. Another important factor is the multiplicity of transactions in the financial sector raising the possibility of excessive financialisation. Yet another question must be asked about commercial bank lending to profit-seeking microfinance institutions. And with limited lending to the real sector there seems to be a hollowness emerging in commercial bank services in India.

Subscribers please login to access full text of the article.

New 3 Month Subscription
to Digital Archives at

826for India

$50for overseas users

Get instant access to the complete EPW archives

Subscribe now

Comments

(-) Hide

EPW looks forward to your comments. Please note that comments are moderated as per our comments policy. They may take some time to appear. A comment, if suitable, may be selected for publication in the Letters pages of EPW.

Back to Top