December 2020
Intermediate to advanced
857 pages
42h 3m
English
Content preview from Business Environment, 4th Edition by Pearson
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514 | Chapter 18
permitted up to 40percent stake. Certain principles and policy parameters were
communicated by the World Bank to guide the decisions on the Financial Sector
Adjustment Loan (FSAL). The World Bank also expected an action on the part of the
government on the recommendations of the Narasimhan Committee and Malhotra
Committee about liberalization of the financial sector before the completion of the
Uruguay Round of GATT negotiations.
Restructuring of the bank management systems, giving greater operational
autonomy to the nationalised and private banks, including foreign banks and
financial institutions, is in consonance with the ...
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