what is the meaning of liberalisation of the banks in india?

Answer 1

Libaralisation means relaxation of rules and regulations.The rules are made less strict in an economy or any other sectors for the welfare of the people.In banks it is the relaxation of rules so as to make the restrictions simpler.

Answer 2

There is no such proposal to "Liberalisation" of banks. There is a concept of internationalisation of banks, which means adhering to international norms on banking. The changes that have taken place in the liberalisation of economy in the banking system are:

1. There is no centralised directive on interest rates on deposits and advances excepting SB and NRE deposits.
2.The banking sector is open to private sector with safeguards on adequacy of capital etc.
3. Banks are made more autonomous and public can participate in the equity of the banks, as when they tap the capital markets.
4. The regulation has given way to monitoring.

Answer 3

liberalisation exactly i don't know but what is happening after that is u can open ur own bank, become the director , sifen as much as funds possible and close the bank.

Answer 4

opening doors to other[private] banks in the banking trade