Key drivers for propelling Indian banking sector  A recent IBA-FICCI-BCG report, titled "Being five-star in productivity-Roadmap for excellence in Indian banking" has projected that the domestic banking industry is set for an exponential growth in the coming years with its asset size poised to touch USD 28,500 billion by the turn of the 2025 from the current asset size of USD 1,350 billion (2010).
On November 8, 1997, Dr. Rangarajan, the then Governor of the RBI, in his inaugural address at the First Conference of the State Finance Secretaries convened by RBI, had flagged the issues that needed to be focussed upon in management of State finances.