Banking sector reforms

Banking sector reforms involve policies and actions aimed at improving the efficiency, stability, and health of banks. These reforms can include strengthening regulations to prevent risky practices, encouraging competition to enhance service quality, introducing new technologies for better banking experiences, and ensuring banks maintain adequate capital buffers to withstand financial shocks. The goal is to create a resilient banking system that supports economic growth, protects depositors, and adapts to evolving financial needs while minimizing risks of failure or financial crises.