The Banking sector is undergoing a shakeout and in the aftermath of global financial crisis pressures are increasing by the regulators, financial markets, market volatility and the dramatic changes in the marketplace over the past few years.

The Indian Banking sector has been successful in maintaining its growth trajectory due to regulatory measures, proactive monetary policy adjustments, intervention by central bank, microscopic financial products and conventional banking culture which helped the industry survive through global financial turmoil.

The Macro economic drivers such as aggregated deposits, encouraging demographics, robust economic growth and under penetration are benefitting the Indian Banking sector and is anticipated that the industry is not hit excessively.

The Indian banking sector is poised to become the world's third largest with assets in equilibrium to US$ 28,500 billion by 2025 and the Banking and Financial services sector will witness a growth of 9-10% in the coming years.

However the change that is most likely to redefine banking comes from the customer which is less dramatic but equally if not more challenging.

The fundemental embedded risk management systems and processes in banking sector demands assessment and identification to be geared to provide early indicators.

The business is not as usual in current turbulent banking system and ambitious strategies of liquidity will succeed to results.

This sector has reacted by swelling their governance and majority of respondents feel challenged by aggregating and quantifying risk management.

A proliferation for clients in the banking areas is to reach consensus that will trigger action to adjust strategies proactively.

The Banking sector with adequate committed capital and a solid track record will survive in competitive markets.