Events in recent years have called to question the relevance and purpose of the financial sector. Episodes like the “Occupy Wall Street” movement leave little scope for doubt that the global financial crisis has left the financial sector discredited.
Thus, if the financial system has to play a purposeful and relevant role in the economy and if it has to regain its credibility, it will have to develop the necessary fire power and stability and move to the next orbit. 6. What are the key drivers for propelling the banking sector forward?