Finally, to cope with all the rapid change, the BSP is undergoing strategic reorganization to enhance our mission focus, foster better collaboration and promote better accountability. Even in the BSP, disruption is occurring to improve and transform our capabilities, structures and more importantly, our culture.
In India too, we have a well-diversified financial system which is still dominated by bank intermediation, though the size of the capital market has expanded significantly with financial liberalization in the early 1990s.