The prospects for this sector are bright and industry benefits from a combination of decade plus tax holidays, zero duties on computer inputs, incentives for venture capital, liberalization of wireless local loop and landline sectors etc.
*  *  *  Ladies and gentlemen I would like to express my sincere thanks for the invitation to speak to you today. The topic of this conference is “banks in transition”. It is not just the banking sector, but also banking supervision, that is experiencing a transitional phase.