Are you willing to know the detailed information about the Major banking Reforms of the 21st century? So here is the article which provides you the detailed information about the Major banking Reforms of the 21st century.
The Financial Services Act (Banking Reforms Act) of 2013 is a UK Government Proposal aiming to impose higher standards of conduct on the UK's Bank and it is also looking to improve their Loss-Absorbing capacity and Outlines plans for the ring-fencing of the retail and wholesale banking activities.n 1991, India embarked into an era of Economic Reforms which led to liberalization, privatization, and globalization of the Indian Economy. The financial sector reforms were an integral part of these reforms. India is one of the top 10 economies in the world. Banking Sector in India is robust and forms the most dominant segment of the financial sector. The banking Industry acts as a pivot in the economic development of the country. The face of the banking industry has been witnessing changes over the years. The main objectives of the reforms of the financial sector in India are initiated in the early 1990s was to create an efficient, competitive and stable financial sector that could then contribute in a greater measure to stimulate growth. For instance, the last decade witnessed the embracement of ATM, internet and mobile banking.
