The Market Developments Kindled By Liberalization Andglobalization Have Resulted In Changes In the Intermediation Role of Banks. Thepace of Transformation Has Been More Significant In Recent Times Withtechnology Acting As a Catalyst. While the Banking System Has Done Fairly Wellin Adjusting to the New Market Dynamics, Greater Challenges Lie Ahead.Financial Sector Would Be Opened Up For Greater International Competition Underwto.