Keeping in view the manifold requirements of finance for an ever-expanding economy, the Reserve Bank undertook a review of the existing banking structure in terms of its size, capacity, ability to meet divergent credit and banking services needs, access and inclusiveness.
As part of this process, a Discussion Paper on Banking Structure was released, taking on board the observations made by earlier committees in this regard. Two  10  S. Claessens, S.R. Ghosh and R. Mihet (2013). “Macroprudential policies to mitigate financial vulnerabilities.” Journal of International Money and Finance 39, 153–185.