Hyderabad, Dec. 16 -- Padma Vibhushan Dr. C. Rangarajan, Chancellor, ICFAI Foundation for Higher Education and former Governor, Reserve Bank of India (RBI), today cautioned that growing competition from mutual funds and fintech firms is reshaping financial intermediation.
In his inaugural at the two-day Academicians and Practitioners Summit on Banking and Finance organied by the Department of Finance and Accounting, ICFAI Business School (IBS), here, Dr Rangarajan while delivering an incisive overview of the structural changes shaping India's banking system, said that as financial intermediaries, banks perform four critical transformations-liability-asset transformation, size transformation, period transformation, and risk transformation-e...