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Evolution of Banking System in India since 1900
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Evolution of Banking System in India since 1900

  • O. P. Chawla - Former Director and Professor, National Institute of Bank Management, Pune

August 2019 | 332 pages | SAGE Publications Pvt. Ltd
Evolution of Banking System in India since 1900 presents a detailed analysis of the evolution, growth and development of the Indian banking system in the last 117 years, from 1900 to 2017. The book focuses on major events that have significantly impacted the banking system to change the course of its history. It covers major policy, structural, regulatory and legislative changes that formed the background as well as the springboard of the working of banks, followed by a detailed analysis of the significant financials. It also uncovers the most significant events and developments of scheduled commercial banking, which has evolved from a small unorganized system to a technology-oriented regulated one.  

 
Foreword by Narayanan Vaghul
 
Preface
 
Acknowledgements
 
1. Pre-Independence Period (1900–1946): Evolution of Commercial Banking
 
Pre-20th Century Era
 
Pre-Independence 20th Century
 
The Financials
 
The 21st-Century Banks: 1946
 
Summary: The Initial Phase of an Evolving System
 
2. The Transient Years (1947–1949): A Bruised Banking System Continues to Decline
 
A Disruptive Change Over
 
The Fast-Changing Banking Scene
 
Filling the Institutional Gaps
 
The Financials: 1947–1949
 
The 21st-Century Banks: 1949
 
At the Close of 1949
 
Annexure: Statements
 
3. The First Transformation (1950–1968): Three Strands of Change
 
Another Stressful Period
 
Three Strands of Bank Transformation
 
The Financials: 1950–1968
 
The 21st-Century Banks: 1968
 
Summary: 1950–1968
 
Annexure: Statements
 
4. The Second Transformation (1969–1990-91): Bank Nationalization, Focus on Rural Banking
 
The Defining Event of Indian Banking
 
Other Economic-Banking Developments
 
Banking for Rural Development
 
Non-disclosure in Financial Statements
 
The Financials: 1969–1990-91
 
The 21st-Century Banks: 1991
 
1969–1991: Revolutionary Changes
 
Annexure: Statements
 
5. The Third Transformation (1991-92–2010-11): From Regulation to Liberalization
 
First Decade of Reforms: 1991-92–2000-01
 
Second Decade of Reforms: 2001-02–2010-11: Continuity and Consolidation
 
The Financials: 1991-92–2010-11
 
The 21st-Century Banks: 2011
 
Summary Review: 1991-92–2010-11
 
Annexure: Statements
 
6. A Century of Banking in India: Rooted to National Purpose
 
The Kaleidoscope of Indian Banking
 
Evolution and Development of the Banking System
 
Nationalization of Banks
 
The National Purpose
 
The Financials: 1949–2011
 
The 21st-Century Banks: 1946–2011 (Seventh and Last in Series)
 
Concluding Thoughts
 
7. Epilogue: Decline of PSBs and Strategies for a Turnaround (2011-12–2016-2017)
 
Decline of PSBs
 
Persistence of NPAs
 
NPA Management: New Laws and Strategies
 
Ownership + Management: Not a Good Governance Practice
 
Bringing About a Turnaround
 
Appendix: Statistical Tables Relating to Banks in India since 1913: A Critique
 
Introduction to Statistical Tables
 
Changing Contents of Statistical Tables
 
Errors of Omission and Commission
 
Concluding Remarks
 
Bibliography
 
Index
Key features
• Brings out the positive as well as adverse consequences of state control and ownership of the major part of the banking system and suggests the path for future reforms

• Narrates the story of strong demands for nationalisation of banking since before Independence and its simultaneous opposition among the Indian political system, until its revolutionary nationalisation in 1969.

• Explains the defining role of Indian banking in development of rural banking and the resulting ongoing economic development of rural India

• The book covers major policy, structural, regulatory and legislative changes that had formed the background as well as the springboard of banks’ working, followed by a detailed analysis of the significant financials.

• It uncovers the most significant events and developments of scheduled commercial banking in last 117 years, evolving from a small unorganized system to a technology-oriented regulated system.

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ISBN: 9789353284671
$65.00