Reform Moments | Reforms open up the Indian banking sector
Mint
2018-02-16
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The winds of Liberalization blew into the Indian banking sector in 1992 following the Narsimham Committee Report.
First off the mark was HDFC or the Housing Development Finance Corporation which in 1994 received an 'in principle' approval from the Reserve Bank of India to set up a bank.
First off the mark was HDFC or the Housing Development Finance Corporation which in 1994 received an 'in principle' approval from the Reserve Bank of India to set up a bank.
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