Let me also take this opportunity to point out that all the attempts made for merger of banks do not necessarily result in a successful outcome. There has been an instance where despite the process of merger having progressed quite a bit, it did not eventually fructify.
A year ago my first speech at the AG meeting in July 2007 was entitled “T2S – A long way to go”. Although there still is a long way to go, a lot has been achieved since July 2007 and a concrete solution is presented on the drawing board.