Banking and Beyond: New Challenges before Indian Financial System

A very basic and core issue for the Indian banking system and that is the challenge of achieving Financial Inclusion. Without being inclusive, financial and economic stability cannot be sustainable. First issue staring in the face of banking industry is capital. Even though reasonably well capitalized today, banks will be facing the challenge of growing their business due to capital constraints. [Address at Mint’s Clarity Through Debate, Mumbai]. URL: [http://rbidocs.rbi.org.in/rdocs/Speeches/PDFs/MCM150311F.pdf]