3  Discussion Paper on “Banking Structure in India – The Way Forward” released by Reserve Bank of India on August 27, 2013 and accessed from http://rbi.org.in/Scripts/PublicationReportDetails.aspx?ID=713. BIS central bankers’ speeches  3  detailed road map of the necessary reforms and regulations for freeing entry and making the licensing process more frequent after we get comments from stakeholders. 14.
As the real economy is dynamic, it is imperative that the banking system is flexible and competitive to cope with multiple objectives and demands made on it by various constituents of the economy. From the financial inclusion perspective too, there is a pressing need to extend the reach of financial services to the excluded segments of the society.