Financial sector reform and financial stability are subjects of high priority to central bankers, are of relevance to all financial regulators and may be of interest to a gathering of finance professionals like actuaries.
My address will, therefore, focus on the features of the financial sector reforms in India; the initiatives taken to assure financial stability; the links between reforms and stability in the financial sector and conclude with some observations in the current context. Financial sector reform The financial sector reforms in India, like almost all other countries, have some common and a few unique features.