6  BIS central bankers’ speeches  3.5  Inter-connectedness with the banking sector  Borrowings from banks is one of the major sources of funding for the NBFCs. NBFC borrowings from the banking sector increased manifold from Rs. 542 billion as on March 31, 2006 to Rs.
Data reported by the RBI suggests that nearly 71 per cent of branches of public sector banks are fully computerized. However, computerization needs to go beyond the mere ‘arithmeticals’, to borrow a term from the Report of the Committee on Banking Sector Reforms (Government of India, 1998), and instead, needs to be leveraged optimally to achieve and maintain high service and efficiency standards.