Ensure Financial Discipline

A well-functioning financial sector is central to a market economy. It helps managing financial risks, boosting investors' confidence and fuels economic growth. Banking, as a dominant sub-sector of the financial sector, has to play a crucial role for the smooth operation of the modern economy. The function of bank is not only limited to the collection of deposits and supply of credits, it has to do many other functions to assist the growing digital economy. Therefore, a sound and vibrant banking sector is key for the growth and stability of the economy. To ensure the sound functioning of the banking sector, the central bank and the regulatory bodies minutely oversee the activities of the sector and its players. Prompt actions are taken if any banking institution is found not abiding by various laws, regulations and standards.