To provide necessary inputs to the Advisory Panels, it has been decided to set up Technical Groups comprising mainly of Officials directly working in respective areas of regulatory institutions. Finally a few comments on reforms in financial markets Well developed financial markets enable the central bank to effectively conduct monetary policy and help in improving the allocative efficiency of resources.
Interest rates on benchmark Government securities facilitate appropriate pricing of other financial assets. It has, therefore, been the endeavour of the Reserve Bank to promote development of all the segments of financial market under its regulatory provision.