The launch of the Pradhan Mantri Jan Dhan Yojana (PMJDY) program in 2014, one of the world’s largest financial inclusion initiatives to date that promotes no-frills accounts, is one prominent example of India’s national-level commitment to advancing financial inclusion. Foreign Exchange Reserves Management 26.
Weak decision-making procedures and the absence of a healthy challenge culture hamper effective governance and strategic steering, which can ultimately lead to a bank failure. Events are opportunities to learn – to improve is to change. This means that we need to remain alert. This obviously goes for supervisors, but also for the banking sector itself.