India's financial sector is rapidly expanding and comprises commercial banks, insurance companies, non-banking financial companies, co-operatives, pension funds, mutual funds and other smaller entities. The government has introduced reforms to liberalize and enhance the industry, with a focus on facilitating easy access to finance for MSMEs. The sector is predominantly a banking sector with commercial banks accounting for over 64% of the total assets. India's capital markets are among the most vibrant in the world, backed by a combined push from the government and private sector.