The intention is to express purely exploratory technical views in five of the areas that are critical, namely, financial sector, regulatory framework, public enterprises, delivery of public services, and overhang issues. These do not in any way constitute the official position of RBI. Advisory on financial sector restructuring It is useful to understand some features of the financial system in India.
Most of the financial savings still comprise deposits to the banking sector, with some perceptible flow to life insurance, mutual funds, government small savings and Provident Funds.