RBI's Leeladhar on Indian financial sector reforms

In the speech 'Indian financial sector reforms' given on 5 March V Leeladhar of the RBI said with the increasing levels of globalisation of the Indian banking industry, evolution of universal banks and bundling of financial services, competition in the banking industry will intensify further.

"The banking industry has the potential and the ability to rise to the occasion as demonstrated by the rapid pace of automation which has already had a profound impact on raising the standard of banking

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