Mention any five financial sector Reforms of 1991.

1.	Mention any five financial sector Reforms of 1991.
Answer» The major financial sector reforms introduced by Government of India in 1991 are as follows: The role of RBI was made to facilitator of financial sector to financial controller. Giving managerial autonomy to financial sector to take decisions. Promotional schemes to establish private sector banks both Indian & foreign. Increasing the foreign investment limit on banks to 50% No more nationalization of banks. Allowing the foreign institutional investors (Fils) like merchant bankers, mutual funds and pensions funds to invest in Indian financial market.

Answer»

The major financial sector reforms introduced by Government of India in 1991 are as follows:

The role of RBI was made to facilitator of financial sector to financial controller.
Giving managerial autonomy to financial sector to take decisions.
Promotional schemes to establish private sector banks both Indian & foreign.
Increasing the foreign investment limit on banks to 50%
No more nationalization of banks.
Allowing the foreign institutional investors (Fils) like merchant bankers, mutual funds and pensions funds to invest in Indian financial market.

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