<h1>RBI Governor Highlights Future of India's Banking: Public Sector Dominance, Financial Inclusion, and Need for Reform Debate.</h1> The Governor of the Reserve Bank of India discussed the future of India's banking structure at a conference, emphasizing the need for a broader perspective as he nears the end of his tenure. He highlighted the dominance of public sector banks, which hold 73% of market assets and 83% of branches, and the importance of rural and cooperative banks for financial inclusion. The discussion covered reforms since 1991, the need for substantial capital under Basel III, and the pros and cons of bank consolidation. The Governor also addressed the potential for differentiated licensing and the role of investment banks, urging a debate on these issues.