indian banking has witnessed major changes starting from nationalization in 1969 of 14 private sector banks again to privatization of banks in 1990s. year 2014 resulted insetting of small payment banks in different nooks & corners of the country to adiametrically opposite step of mergers and consolidation of many weak public sector tor banks with a few large banks in 2018/19. What has been the economic & financial compulsions/reasons for such changes in five decades? (10 Marks)

indian banking has witnessed major changes starting from nationalization in 1969 of 14
private sector banks again to privatization of banks in 1990s. year 2014 resulted insetting of small payment banks in different nooks & corners of the country to adiametrically opposite step of mergers and consolidation of many weak public sector

tor banks with a few large banks in 2018/19. What has been the economic & financial
compulsions/reasons for such changes in five decades? (10 Marks)

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