As we all know banking is going through rapid changes worldwide and India is also not an exception. Which of the following is/are the major phenomena which has/have prompted changes in scenario of Indian Banking?

1. Financial Sector Reforms
2. Globalization
3. Govt's move for financial inclusion

All three phenomena have significantly impacted Indian banking. Financial Sector Reforms introduced liberalization and modernization, Globalization brought international competition and practices, and the government's push for financial inclusion expanded banking access to underserved populations. These forces together transformed the Indian banking landscape, making option D (All 1, 2 and 3) the correct choice.