All transactions must be conducted quickly, promptly, and accurately by means of an extensive office network with optimum utilization of information technology. Banks ability to implement modernization and to adopt best  6/12  practices must become a distinct feature of strategic management that has selling value and can always be transparently monitored by the public.
Fifth issue : Where do Indian banks stand on efficiency parameters? 38. The growth acceleration that we saw in India during 2003–08 is attributable to a number of factors, both tangible and intangible. One of the less acknowledged factors that drove this growth was the contribution of the financial sector by way of larger and better quality of financial intermediation.