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competition wizard subscription published this article page no228Before
we embark on this journey it would be instructive to take a short historical
detour. After the bank nationalization in 1969/1980 the banking sector in India
saw the next leg of far-reaching reforms in the post 1991 period. Deregulation
of credit processes and interest rate structures gradual reduction in
pre-emptions migration to CBS and licensing of new age private sector banks set
the stage for rapid expansion of banking services in 2000s. competition
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