, that brought about the era of liberalisation in the indian economy. india needs a more dynamic and flexible banking system. the sfbs and payments banks are a good initiative in that direction. extending the formal banking system’s reach will also ensure better monetary transmission, important...
to regulate the issue of bank notes and keeping of reserves with a view to securing monetary stability in india and generally to operate the currency and credit system of the country to its advantage; to have a modern monetary policy framework to meet the challenge of an increasingly complex ...