Why banks are still a place where ordinary mortals fear to tread? •  Why has a large section of the society remained financially excluded despite sincere efforts of the regulator as well as the policy makers? 8.
Having an insider’s view of India’s financial system, first as a commercial banker and now as a central banker, I intend to use this opportunity today to share my perspectives on the approach adopted by RBI as the regulator of Indian banks for making the Indian banking  2  BIS central bankers’ speeches  sector more inclusive and relevant to a large cross-section of the Indian economy and society.