In addition to housing and financial assets, the SCF shows that ownership of private businesses is a significant source of wealth and can be a vital source of opportunity for many households to improve their economic circumstances and position in the wealth distribution.
As a pragmatic measure, we have banking supervision under an independent Board for Financial Supervision (but within the RBI) while some sort of co-ordination is sought to be achieved through a High Level Coordination Committee on Financial and Capital Markets, consisting of financial regulators and the Ministry of Finance, but presided over by the Governor, RBI.