In the 1990s, the new democratic government faced considerable scepticism that it  6  Using data from the Penn World Tables, GDP per capita grew by -2.2% for the five years ending 1990; -1.5% for the five years to 1995; 1.1% to 2000; 2.5% to 2005; 1.8% to 2010; 0.6% to 2015 and -2.0% to 2020.
Factors such as institution size, suitability and interconnectedness including “time varying judgment based assessments” have been prescribed for identification of SIFIs. Under the new reforms agenda, emphasis is on changing Too Big To Fail (TBTF) status of SIFIs and for devising a resolution regime as well as a safe exit mechanism for these entities.