Key role for banks in offering best intermediation services: RBI's Patra

Calls for world-class financial intermediation services with Indian economy poised to surpass Germany and Japan a few years and nation's population set to become world's largest and youngest

As India is on the cusp of becoming one of the largest economies in the world as well as the most populous, housing more youngsters than anywhere else in the world, it will need the world's best financial intermediation services and banks have to play a critical role in this transformation, said Michael Debabrata Patra, Deputy Governor, Reserve Bank of India (RBI).

“By 2025-26, India will match Germany and become the fourth largest economy of the world. By 2027, it will surpass Japan and emerge as the third largest economy of the world. India’s population will become the largest in