Q. Which among the following does not poses a challenge for Indian banking Industry?
Answer: How to avoid competition from Financial Conglomerates
Notes: The correct answer is "How to avoid competition from Financial Conglomerates." While competition is a factor, it is not a primary challenge for the Indian banking industry compared to the pressing issues of achieving financial inclusion, enhancing risk management, and implementing new accounting standards. Financial inclusion aims to provide banking services to the unbanked population, which is crucial in a country where about 190 million adults remain unbanked (as of 2021). Risk management is vital due to the increasing complexity of financial products and the need for robust systems to mitigate risks. New accounting standards, like Ind AS, are essential for aligning with global practices and improving transparency.