In the next 15 minutes, I would like to step back and ask •  What is the relationship between finance and economic growth? •  And is there a “double dividend” in the sense that financial systems which are conducive to growth are also more stable?
In 1991 along with reforms for liberalising and opening the economy, financial sector reform aimed at deregulation, increased competition and strengthening the banking sector through recapitalisation and adoption of prudential measures. The Indian banking industry today is quite robust and strong to be able to take on the challenges of achieving greater financial inclusion.