01211pab a2200181 454500008004000000100001900040245005700059260000900116300001500125362001000140520065900150650003100809650002300840773003400863909001000897999001700907952010500924180718b2000   xxu||||| |||| 00| 0 eng d  aTarapore, S.S.  aMalaise of Indian financial system: need for reforms  c2000  ap.2821-826  a5 Aug  aFinancial crises the world over have revealed that weaknesses in financial systems and their supervision contribute to macro instability. Not only is stronger supervision necessary but the discipline of the market needs to be reinforced. Corporate governance needs to be strengthened and bankruptcy legislation made more robust. With rapid technological changes, the leaders in innovation would claim the best business. Banks and financial institutions which resist change would, like dinosaurs, become extinct. The financial system would need to be guided by three requirements, viz, transparency, rigorous norms and appropriate incentives. - Reproduced  aEconomic recession - India  aEconomic recession  aEconomic and Political Weekly  a45700  c45700d45700  00104070aIIPAbIIPAd2018-07-19hVolume no: 35, Issue no: 32pAR46124r2018-07-19w2018-07-19yAR