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Business Services
Question
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What has been a major shift in the banking policy of our country ?

Answer

Following has been a major shift in the banking policy of our country:

1. Orientation : Earlier banking policy was urban oriented. Now it has shifted to rural orientation.

2. Banking: Earlier, there was class banking. Now it has shifted to mass banking.

3. Change in procedure : Earlier the procedure of working of banks used to be traditional. Now the banks are having innovative practices.

4. Objectives : Short term objectives have shifted to long term objectives.

 

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