The interactions between the RBI and the State Governments have been stronger through the interface provided by the bi-annual Finance Secretaries’ Conference organised by the Reserve Bank since 1997.
In contrast to banking, there are no consistent patterns across countries in changes in the number of insurance firms or concentration in the insurance industry during the 1990s. Within the securities industry, several specific activities, such as certain types of underwriting, are dominated by a small number of leading institutions. It is unclear, however, whether this pattern changed much over the 1990s.