Then, I will close with some thoughts on monetary policy. Before I continue, though, I will note that my views are my own and not necessarily those of the Federal Reserve Board or my colleagues on the Federal Open Market Committee (FOMC). BIS central bankers’ speeches  1  Economic conditions So, let me begin with an overview of the U.S. economy.
It is not as if there is lot of concentration in our banking industry. In fact, India scores over many of its peers as well as several advanced countries when it comes to concentration within the industry. Concentration measured by top three banks in total banking assets is just under 30%. This compares well with other countries.