What began as a sub-prime crisis in the US housing mortgage sector in the second half of 2007 has turned successively into a global banking crisis, global financial crisis and now a global economic crisis. With the spread of the contagion from the financial to the real sector, it is now expected...

India's financial sector reform path has been a measured, cautious and steady process, aiming to attain standards of international best practice, but fine-tuning the process keeping the context in view. Although much has been achieved, this paper focuses on the remaining gaps. But post-crisis...