<h1>RBI Official Urges Indian Banks to Boost Productivity and Efficiency, Focus on Financial Inclusion and Tech at FIBAC 2013.</h1> The speech by a senior official from the Reserve Bank of India at the FIBAC 2013 conference addressed productivity trends in Indian banking post-reform. The official highlighted the need for improved productivity and efficiency in banking to support India's economic development. Despite advancements, the benefits have not reached all economic segments, particularly rural areas and small businesses. The official emphasized the importance of balancing operational and allocational efficiency, urging banks to focus on financial inclusion and equitable resource allocation. Recommendations included leveraging technology, internal reforms, and prioritizing smaller customers to enhance banking productivity and societal impact.