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Banking sector reforms in India are aimed at induction of best international practices and technological changes for competing globally. The reserve bank of India has time and again emphasized transparency, diversification of ownership and strong corporate governance to mitigate the prospects of systematic risk in the banking sector. Banking sector reforms have supported the transition of the Indian economy to a higher growth path, while significantly improving the stability of the financial system. In comparison with the pre-reform period, the Indian banking system  today is more stable and efficient. However the gains of the past decade need to be consolidated, so that these could be translated to derive the institutions, market and practices into a mature financial system that can meet the challenges of globalisation. The banking system would, therefore, not only need to be stable, but also supportive of still higher levels of planned investments by channeling financial resources more efficiently from surplus to deficit sectors. The present book addresses issues like Basel-II Accord guidelines, second generation banking sector reforms, cost benefit and productivity analysis of Indian banks, danger zone banks, privatization and comparative efficiency of Indian banks and the recent reform measures. Vital statistics regarding the Indian banking sector and the recent annual policy statement, 2008 of the RBI has also been discussed.